Encore Wire - WIRE Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" WIRE shares.
View WIRE analyst ratings or view top-rated stocks.

1 brokers have issued 12 month price objectives for Encore Wire's stock. Their WIRE share price forecasts range from $250.00 to $250.00. On average, they expect the company's share price to reach $250.00 in the next twelve months. This suggests a possible upside of 36.8% from the stock's current price.
View analysts price targets for WIRE or view top-rated stocks among Wall Street analysts.

Encore Wire's stock was trading at $137.56 on January 1st, 2023. Since then, WIRE shares have increased by 32.9% and is now trading at $182.81.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our WIRE earnings forecast.

Encore Wire Co. (NASDAQ:WIRE) released its earnings results on Wednesday, February, 15th. The electronics maker reported $8.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $3.67. The electronics maker had revenue of $693.89 million for the quarter, compared to analyst estimates of $631.04 million. Encore Wire had a trailing twelve-month return on equity of 43.96% and a net margin of 23.79%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.91 EPS.

Encore Wire announced a quarterly dividend on Friday, February 17th. Investors of record on Thursday, April 6th will be given a dividend of $0.02 per share on Friday, April 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, April 5th.
Read our dividend analysis for WIRE.

ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Invesco DWA Industrials Momentum ETF (PRN).

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.05%. The dividend payout ratio is 0.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

24 employees have rated Encore Wire Chief Executive Officer Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among the company's employees. This puts Daniel L. Jones in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Encore Wire investors own include Verizon Communications (VZ), Altria Group (MO), AT&T (T), Weyerhaeuser (WY), AbbVie (ABBV), Advanced Micro Devices (AMD), Commercial Metals (CMC), Ecolab (ECL), Eastman Chemical (EMN) and General Electric (GE).

Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."

Encore Wire's stock is owned by a number of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (8.67%), Geode Capital Management LLC (1.90%), Morgan Stanley (1.83%), Arrowstreet Capital Limited Partnership (1.63%), Hodges Capital Management Inc. (1.49%) and American Century Companies Inc. (1.33%).
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Shares of WIRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WIRE stock can currently be purchased for approximately $182.81.

Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.29 billion and generates $3.02 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $36.92 on an earnings per share basis.

The company employs 1,672 workers across the globe.

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for the company is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473, via email at web.investor@encorewire.com, or via fax at 972-562-3644.