S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NASDAQ:WIRE

Encore Wire (WIRE) Stock Forecast, Price & News

$120.32
-3.40 (-2.75%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$118.69
$125.61
50-Day Range
$104.34
$135.48
52-Week Range
$65.98
$151.64
Volume
253,842 shs
Average Volume
244,312 shs
Market Capitalization
$2.37 billion
P/E Ratio
3.74
Dividend Yield
0.06%
Beta
1.1
30 days | 90 days | 365 days | Advanced Chart
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Encore Wire logo

About Encore Wire

Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. It sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.

Headlines

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Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,440
Year Founded
1989

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$27.10 per share
Book Value
$73.19 per share

Profitability

Net Income
$541.42 million
Pretax Margin
29.73%

Debt

Price-To-Earnings

Miscellaneous

Free Float
18,899,000
Market Cap
$2.37 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/14 Dividend
3/31/2022
Dividend Payable
4/14/2022
Last Earnings
4/28/2022
Today
5/22/2022
Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.39 out of 5 stars

Industrial Products Sector

91st out of 254 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 8 stocks

Analyst Opinion: 3.5Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -













Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

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" Encore Wire stock.
View analyst ratings for Encore Wire
or view top-rated stocks.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Encore Wire
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) posted its quarterly earnings data on Thursday, April, 28th. The electronics maker reported $7.96 EPS for the quarter, beating the consensus estimate of $2.38 by $5.58. The electronics maker had revenue of $723.07 million for the quarter, compared to the consensus estimate of $567.63 million. Encore Wire had a trailing twelve-month return on equity of 52.38% and a net margin of 23.05%. The company's revenue was up 62.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.99 EPS.
View Encore Wire's earnings history
.

How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?

Encore Wire announced a quarterly dividend on Friday, May 6th. Investors of record on Friday, July 1st will be paid a dividend of $0.02 per share on Friday, July 15th. This represents a $0.08 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, June 30th.
View Encore Wire's dividend history
.

Is Encore Wire a good dividend stock?

Encore Wire pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.06%. The dividend payout ratio of Encore Wire is 0.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.59% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

1 brokers have issued 12-month target prices for Encore Wire's stock. Their forecasts range from $175.00 to $175.00. On average, they expect Encore Wire's stock price to reach $175.00 in the next year. This suggests a possible upside of 45.4% from the stock's current price.
View analysts' price targets for Encore Wire
or view top-rated stocks among Wall Street analysts.

Who are Encore Wire's key executives?
Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 59, Pay $4.53M)
  • Mr. Bret J. Eckert, CFO, VP of Fin., Treasurer & Sec. (Age 55, Pay $2.25M)
  • Mr. David K. Smith, VP of Operations (Age 62)
  • Mr. William T. Bigbee, VP of Operations
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller
What is Daniel L. Jones' approval rating as Encore Wire's CEO?

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

What other stocks do shareholders of Encore Wire own?

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).

What is Encore Wire's stock symbol?

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

Who are Encore Wire's major shareholders?

Encore Wire's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.84%), Vanguard Group Inc. (11.35%), Dimensional Fund Advisors LP (7.73%), State Street Corp (3.41%), Westwood Holdings Group Inc. (1.70%) and Royce & Associates LP (1.59%).
View institutional ownership trends for Encore Wire
.

Which major investors are selling Encore Wire stock?

WIRE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Skylands Capital LLC, Russell Investments Group Ltd., Northern Trust Corp, BNP Paribas Arbitrage SA, and Panagora Asset Management Inc..
View insider buying and selling activity for Encore Wire
or view top insider-selling stocks.

Which major investors are buying Encore Wire stock?

WIRE stock was acquired by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Goldman Sachs Group Inc., Acadian Asset Management LLC, Prudential Financial Inc., First National Trust Co, Group One Trading L.P., Invesco Ltd., and Cibc World Market Inc..
View insider buying and selling activity for Encore Wire
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $120.32.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $2.37 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $32.20 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,440 workers across the globe.

Does Encore Wire have any subsidiaries?

The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.

When was Encore Wire founded?

Encore Wire was founded in 1989.

What is Encore Wire's official website?

The official website for Encore Wire is www.encorewire.com.

How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at (972) 562-9473 or via fax at 972-562-3644.

This page was last updated on 5/22/2022 by MarketBeat.com Staff

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