About Encore Wire (NASDAQ:WIRE)
Encore Wire Corporation manufactures and sells electrical building wire and cable products for interior electrical wiring in the United States. Its products include NM-B cable for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company markets its products primarily through independent manufacturers' representatives to wholesale electrical distributors. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
Industry, Sector and Symbol
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473
Debt
Debt-to-Equity RatioN/A
Current Ratio6.24%
Quick Ratio4.95%
Price-To-Earnings
Trailing P/E Ratio21.58
Forward P/E Ratio18.86
P/E Growth1.89
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales1.00
Cash Flow$3.3654 per share
Price / Cash16.64
Book Value$30.81 per share
Price / Book1.82
Profitability
EPS (Most Recent Fiscal Year)$2.61
Net Income$67.01 million
Net Margins5.76%
Return on Equity8.94%
Return on Assets7.74%
Miscellaneous
Employees1,235
Outstanding Shares20,840,000
Encore Wire (NASDAQ:WIRE) Frequently Asked Questions
What is Encore Wire's stock symbol?
Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."
How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?
Encore Wire announced a quarterly dividend on Friday, March 9th. Investors of record on Friday, April 6th will be given a dividend of $0.02 per share on Friday, April 20th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Thursday, April 5th. View Encore Wire's Dividend History.
How were Encore Wire's earnings last quarter?
Encore Wire Co. (NASDAQ:WIRE) posted its earnings results on Tuesday, February, 20th. The electronics maker reported $0.76 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.48 by $0.28. The electronics maker had revenue of $301.29 million for the quarter, compared to the consensus estimate of $279.70 million. Encore Wire had a return on equity of 8.94% and a net margin of 5.76%. The business's revenue for the quarter was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. View Encore Wire's Earnings History.
When is Encore Wire's next earnings date?
What price target have analysts set for WIRE?
2 analysts have issued 12-month price objectives for Encore Wire's stock. Their forecasts range from $54.00 to $58.00. On average, they expect Encore Wire's share price to reach $56.00 in the next twelve months. View Analyst Ratings for Encore Wire.
Who are some of Encore Wire's key competitors?
Some companies that are related to Encore Wire include Axon (AAXN), Spx Flow (FLOW), Albany International (AIN), Franklin Electric (FELE), Alarm.com (ALRM), Balfour Beatty (BBY), Brady (BRC), Mobile Mini (MINI), Chart Industries (GTLS), iRobot (IRBT), Kaman Aircraft (KAMN), Harsco (HSC), Kaiser Aluminum (KALU), MRC Global (MRC), EnPro Industries (NPO), Sun Hydraulics (SNHY), Mueller Water Products (MWA) and Mueller Industries (MLI).
Who are Encore Wire's key executives?
Encore Wire's management team includes the folowing people:
- Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 55)
- Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec., CFO & Principal Accounting Officer (Age 62)
- Mr. David K. Smith, VP of Operations (Age 58)
- Mr. Kevin M. Keiffer, VP of Sales & Marketing
- Mr. Matthew D. Ford, Assistant Sec. and Controller
Has Encore Wire been receiving favorable news coverage?
News headlines about WIRE stock have trended somewhat negative recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Encore Wire earned a news sentiment score of -0.02 on Accern's scale. They also gave media headlines about the electronics maker an impact score of 46.14 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
How do I buy shares of Encore Wire?
Shares of WIRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Encore Wire's stock price today?
One share of WIRE stock can currently be purchased for approximately $56.00.
How big of a company is Encore Wire?
Encore Wire has a market capitalization of $1.17 billion and generates $1.16 billion in revenue each year. The electronics maker earns $67.01 million in net income (profit) each year or $2.61 on an earnings per share basis. Encore Wire employs 1,235 workers across the globe.
How can I contact Encore Wire?
Encore Wire's mailing address is 1329 MILLWOOD ROAD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.
MarketBeat Community Rating for Encore Wire (WIRE)
MarketBeat's community ratings are surveys of what our community members think about Encore Wire and other stocks. Vote "Outperform" if you believe WIRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
Encore Wire (NASDAQ:WIRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Encore Wire in the last 12 months. Their average twelve-month price target is $56.00, suggesting that the stock has a possible downside of 0.00%. The high price target for WIRE is $58.00 and the low price target for WIRE is $54.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.50 | 2.50 | 3.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $56.00 | $56.00 | $58.00 | N/A |
| Price Target Upside: | 0.00% downside | 6.77% upside | 24.46% upside | N/A |
Encore Wire (NASDAQ:WIRE) Consensus Price Target History
Encore Wire (NASDAQ:WIRE) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 2/23/2018 | DA Davidson | Boost Price Target | Neutral | $54.00 | Low |  |
| 12/6/2017 | Sidoti | Upgrade | Neutral -> Buy | $58.00 | High | |
| 5/31/2016 | Singular Research | Initiated Coverage | Buy | $47.00 | N/A | |
(Data available from 4/23/2016 forward)
Encore Wire (NASDAQ:WIRE) Dividend Information
Encore Wire pays an annual dividend of $0.08 per share, with a dividend yield of 0.14%. WIRE's most recent quarterly dividend payment was Friday, April 20. Encore Wire pays out 3.07% of its earnings out as a dividend.
| Most Recent Dividend: | 4/20/2018 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 0.14% |
| Payout Ratio: | 3.07% (Trailing 12 Months of Earnings)
2.69% (Based on This Year's Estimates)
2.46% (Based on Next Year's Estimates)
|
Encore Wire (NASDAQ:WIRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | quarterly | $0.02 | 0.14% | 4/5/2018 | 4/6/2018 | 4/20/2018 |
| 11/9/2017 | quarterly | $0.02 | 0.18% | 1/4/2018 | 1/5/2018 | 1/19/2018 |
| 8/9/2017 | quarterly | $0.02 | 0.2% | 10/5/2017 | 10/6/2017 | 10/20/2017 |
| 6/12/2017 | quarterly | $0.02 | 0.19% | 7/5/2017 | 7/7/2017 | 7/21/2017 |
| 2/28/2017 | quarterly | $0.02 | 0.17% | 4/5/2017 | 4/7/2017 | 4/21/2017 |
| 12/13/2016 | quarterly | $0.02 | 0.18% | 1/4/2017 | 1/6/2017 | 1/20/2017 |
| 8/22/2016 | quarterly | $0.02 | 0.2% | 10/5/2016 | 10/7/2016 | 10/21/2016 |
| 5/18/2016 | quarterly | $0.02 | 0.22% | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 4/4/2016 | quarterly | $0.02 | 0.21% | 4/7/2016 | 4/11/2016 | 4/18/2016 |
| 11/17/2015 | quarterly | $0.02 | 0.18% | 1/6/2016 | 1/8/2016 | 1/22/2016 |
| 8/20/2015 | quarterly | $0.02 | 0.25% | 9/30/2015 | 10/2/2015 | 10/16/2015 |
| 5/14/2015 | quarterly | $0.02 | 0.18% | 7/8/2015 | 7/10/2015 | 7/24/2015 |
| 3/23/2015 | quarterly | $0.02 | 0.22% | 3/31/2015 | 4/3/2015 | 4/17/2015 |
| 11/17/2014 | quarterly | $0.02 | 0.21% | 12/30/2014 | 1/2/2015 | 1/16/2015 |
| 8/14/2014 | quarterly | $0.02 | 0.19% | 10/1/2014 | 10/3/2014 | 10/17/2014 |
| 5/9/2014 | quarterly | $0.02 | 0.16% | 7/9/2014 | 7/11/2014 | 7/25/2014 |
| 2/26/2014 | quarterly | $0.02 | 0.15% | 4/2/2014 | 4/4/2014 | 4/18/2014 |
| 11/12/2013 | quarterly | $0.02 | 0.16% | 12/31/2013 | 1/3/2014 | 1/17/2014 |
| 8/14/2013 | quarterly | $0.02 | 0.2% | 10/2/2013 | 10/4/2013 | 10/18/2013 |
| 6/7/2013 | quarterly | $0.02 | 0.23% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 3/12/2013 | quarterly | $0.02 | 0.24% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
Encore Wire (NASDAQ WIRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.68%
Institutional Ownership Percentage: 88.94%
Encore Wire (NASDAQ WIRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/23/2018 | Matthew D Ford | Insider | Sell | 2,500 | $52.45 | $131,125.00 | 4,000 | |
| 1/18/2018 | Frank J Bilban | CFO | Sell | 8,924 | $51.52 | $459,764.48 | 19,900 | |
| 1/16/2018 | Frank J Bilban | CFO | Sell | 100 | $51.50 | $5,150.00 | 19,900 | |
| 1/11/2018 | Frank J Bilban | VP | Sell | 15,000 | $50.50 | $757,500.00 | 34,900 | |
| 1/2/2018 | Frank J Bilban | VP | Sell | 10,000 | $49.53 | $495,300.00 | 44,900 | |
| 12/6/2017 | Frank J Bilban | VP | Sell | 9,814 | $48.30 | $474,016.20 | 56,934 | |
| 12/4/2017 | Frank J Bilban | CFO | Sell | 1,557 | $47.51 | $73,973.07 | 56,934 | |
| 11/28/2017 | Matthew D Ford | Insider | Sell | 1,000 | $46.00 | $46,000.00 | 2,500 | |
| 11/1/2017 | Frank J Bilban | VP | Sell | 4,136 | $47.50 | $196,460.00 | 61,150 | |
| 2/22/2017 | Frank J Bilban | VP | Sell | 27,500 | $48.59 | $1,336,225.00 | 81,250 | |
| 8/10/2015 | Gregory J Fisher | Director | Buy | 1,500 | $33.30 | $49,950.00 | | |
| 2/27/2015 | William R Thomas III | Director | Buy | 1,000 | $37.24 | $37,240.00 | | |
| 2/25/2015 | Gregory J Fisher | Director | Buy | 1,000 | $35.70 | $35,700.00 | | |
| 12/16/2014 | John H Wilson | Director | Buy | 5,000 | $35.00 | $175,000.00 | | |
| 10/29/2014 | Gregory J Fisher | Director | Buy | 1,000 | $37.18 | $37,180.00 | | |
| 8/1/2014 | Donald Eugene Courtney | Director | Buy | 5,000 | $41.81 | $209,050.00 | | |
| 10/31/2013 | Frank J Bilban | CFO | Sell | 30,000 | $49.87 | $1,496,100.00 | | |
| 6/25/2013 | William R Thomas III | Director | Buy | 3,500 | $33.96 | $118,860.00 | | |
(Data available from 1/1/2013 forward)
Encore Wire (NASDAQ WIRE) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Comparing Quanex (NX) and Encore Wire (WIRE)
www.americanbankingnews.com - April 20 at 1:24 PM |
 | Winmark Corporation Announces First Quarter Results
www.businesswire.com - April 18 at 4:29 PM |
| Encore Wire Co. (WIRE) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - April 14 at 3:17 AM |
| Head to Head Analysis: Quanex (NX) & Encore Wire (WIRE)
www.americanbankingnews.com - April 13 at 11:37 PM |
| Reviewing Encore Wire (WIRE) and Quanex (NX)
www.americanbankingnews.com - April 13 at 11:51 AM |
| TheStreet Downgrades Encore Wire (WIRE) to C+
www.americanbankingnews.com - April 12 at 9:00 PM |
| Reviewing Encore Wire (WIRE) & Arconic (ARNC)
www.americanbankingnews.com - April 11 at 7:23 PM |
 | People's champ Nurmagomedov vs Holloway in UFC title fight
abcnews.go.com - April 6 at 10:17 AM |
| GM Marketplace Currently Adds No Value to In-car Experience, Finds Strategy Analytics
www.businesswire.com - April 5 at 4:15 PM |
| Encore Wire (WIRE) Upgraded at TheStreet
www.americanbankingnews.com - April 5 at 3:30 PM |
 | King, the Wire Fox Terrier Wins 'Best in Show' at 2018 Beverly Hills Dog Show
www.msn.com - April 3 at 10:03 AM |
| Ogunbowale encore! Final Four hero lifts Notre Dame to title
abcnews.go.com - April 2 at 10:12 AM |
 | Reasons to Add Avery Dennison (AVY) to Your Portfolio Now
finance.yahoo.com - April 2 at 10:12 AM |
| Encore Wire (WIRE) versus Cintas (CTAS) Head to Head Comparison
www.americanbankingnews.com - March 29 at 3:34 PM |
| Why Encore Wire (WIRE) Stock Might be a Great Pick
finance.yahoo.com - March 22 at 9:58 AM |
| Encore Wire Co. (WIRE) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - March 20 at 3:19 AM |
| Encore Wire (WIRE) Lifted to Buy at BidaskClub
www.americanbankingnews.com - March 17 at 4:28 PM |
| 60 years later, Kim Novak reflects on 'Vertigo'
abcnews.go.com - March 17 at 9:57 AM |
| Encore Wire Co. (WIRE) Plans Quarterly Dividend of $0.02
www.americanbankingnews.com - March 9 at 6:25 PM |
| Encore Wire Presenting at Sidoti & Company’s Spring 2018 Conference
finance.yahoo.com - March 8 at 5:01 PM |
| Schwab Charles Investment Management Inc. Acquires 10,503 Shares of Encore Wire Co. (WIRE)
www.americanbankingnews.com - March 5 at 6:46 AM |
| Encore Wire (WIRE) Raised to "Buy" at ValuEngine
www.americanbankingnews.com - March 3 at 12:28 AM |
| Bull of the Day: Encore Wire Corp (WIRE)
finance.yahoo.com - February 28 at 9:38 AM |
| Encore Wire (WIRE) Lifted to "Strong-Buy" at Zacks Investment Research
www.americanbankingnews.com - February 27 at 2:33 PM |
| Comerica Bank Lowers Stake in Encore Wire Co. (WIRE)
www.americanbankingnews.com - February 27 at 6:00 AM |
| Citadel Advisors LLC Acquires 28,807 Shares of Encore Wire Co. (WIRE)
www.americanbankingnews.com - February 27 at 5:40 AM |
| Matthew D. Ford Sells 2,500 Shares of Encore Wire Co. (WIRE) Stock
www.americanbankingnews.com - February 26 at 3:30 PM |
| Encore Wire Co. (WIRE) Forecasted to Post Q1 2018 Earnings of $0.69 Per Share
www.americanbankingnews.com - February 26 at 1:28 AM |
| DA Davidson Boosts Encore Wire (WIRE) Price Target to $54.00
www.americanbankingnews.com - February 23 at 6:12 PM |
| Encore Wire Co. (WIRE) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - February 23 at 1:32 PM |
| Encore Wire posts 4Q profit
finance.yahoo.com - February 21 at 9:55 AM |
| Encore Wire (WIRE) Posts Earnings Results, Beats Expectations By $0.28 EPS
www.americanbankingnews.com - February 20 at 11:14 PM |
| Encore Wire Reports Fourth Quarter Results
finance.yahoo.com - February 20 at 4:36 PM |
| Zacks: Encore Wire Co. (WIRE) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - February 19 at 3:20 AM |
| Encore Wire (WIRE) Set to Announce Earnings on Tuesday
www.americanbankingnews.com - February 17 at 6:46 PM |
| Zacks: Encore Wire Co. (WIRE) Given Consensus Recommendation of "Buy" by Analysts
www.americanbankingnews.com - February 4 at 1:30 AM |
| Zacks: Encore Wire Co. (WIRE) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - January 29 at 11:30 PM |
| Encore Wire (WIRE) Cut to "Hold" at BidaskClub
www.americanbankingnews.com - January 28 at 6:54 AM |
 | World Low Voltage Cable Market 2016-2022
www.finanznachrichten.de - January 24 at 9:22 AM |
| Zacks: Encore Wire Co. (WIRE) Given $48.25 Consensus Price Target by Analysts
www.americanbankingnews.com - January 24 at 5:34 AM |
| Frank J. Bilban Sells 8,924 Shares of Encore Wire Co. (WIRE) Stock
www.americanbankingnews.com - January 18 at 7:34 PM |
| Encore Wire (WIRE) Upgraded by BidaskClub to Buy
www.americanbankingnews.com - January 17 at 12:14 AM |
| Encore Wire Co. (WIRE) VP Frank J. Bilban Sells 15,000 Shares
www.americanbankingnews.com - January 16 at 6:38 PM |
| Review: Anderson East shows his enormous talent on 'Encore'
abcnews.go.com - January 13 at 10:18 AM |
| Encore Wire Co. (WIRE) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - January 9 at 1:40 AM |
| BidaskClub Downgrades Encore Wire (WIRE) to Buy
www.americanbankingnews.com - January 6 at 2:30 PM |
| Antares Capital Supports Acquisition of EnCore Composite Structures by AC&A Enterprises Holdings LLC
www.businesswire.com - January 5 at 4:04 PM |
| Encore Wire Co. (WIRE) VP Sells $495,300.00 in Stock
www.americanbankingnews.com - January 4 at 7:32 PM |
| Encore Wire Corp. (Delaware) :WIRE-US: Earnings Analysis: Q3, 2017 By the Numbers : December 28, 2017
finance.yahoo.com - December 28 at 4:48 PM |
| Encore Wire (WIRE) Upgraded by BidaskClub to Strong-Buy
www.americanbankingnews.com - December 28 at 12:22 AM |
Encore Wire (NASDAQ:WIRE) SEC Filings
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Encore Wire (NASDAQ:WIRE) Income Statement, Balance Sheet and Cash Flow Statement
Encore Wire (NASDAQ WIRE) Stock Chart for Monday, April, 23, 2018
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