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
Stock Exchange NASDAQ
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 Ratio6.57
Quick Ratio5.20
Price-To-Earnings
Trailing P/E Ratio18.52
Forward P/E Ratio17.15
P/E Growth1.74
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales0.87
Cash Flow$3.3162 per share
Price / Cash14.58
Book Value$30.81 per share
Price / Book1.57
Profitability
EPS (Most Recent Fiscal Year)$2.61
Net Income$67.01 million
Net Margins5.50%
Return on Equity8.34%
Return on Assets7.25%
Miscellaneous
Employees1,235
Outstanding Shares20,840,000
Market Cap$1,024.48
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 Thursday, June 28th. Stockholders of record on Friday, July 6th will be given a dividend of $0.02 per share on Friday, July 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.17%. The ex-dividend date is Thursday, July 5th. View Encore Wire's Dividend History.
How were Encore Wire's earnings last quarter?
Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Wednesday, May, 2nd. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.67 by $0.13. The electronics maker had revenue of $291.40 million for the quarter, compared to analyst estimates of $321.65 million. Encore Wire had a net margin of 5.50% and a return on equity of 8.34%. The business's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. 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 twelve-month price targets for Encore Wire's shares. 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 year. This suggests a possible upside of 15.8% from the stock's current price. View Analyst Ratings for Encore Wire.
What is the consensus analysts' recommendation for Encore Wire?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Encore Wire's key competitors?
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 (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 stories about WIRE stock have trended positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Encore Wire earned a media sentiment score of 0.26 on Accern's scale. They also assigned news coverage about the electronics maker an impact score of 46.73 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $48.35.
How big of a company is Encore Wire?
Encore Wire has a market capitalization of $1.02 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 (NASDAQ 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.
