NASDAQ:WIREEncore Wire Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Encore Wire Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $46.10 -1.27 (-2.68 %) (As of 07/10/2020 04:00 PM ET) Add Compare Share Today's Range$45.78Now: $46.10▼$47.7050-Day Range$44.93MA: $47.85▼$53.5752-Week Range$38.01Now: $46.10▼$62.08Volume67,600 shsAverage Volume125,755 shsMarket Capitalization$950.31 millionP/E Ratio15.26Dividend Yield0.17%Beta1.21 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables 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 sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $61.00, Encore Wire has a potential upside of 32.3% from its current price of $46.10.Amount of Analyst CoverageEncore Wire has only been the subject of 1 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesEncore Wire has received 251 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEncore Wire has received 337 “underperform” votes. (Add your “underperform” vote.)Community SentimentEncore Wire has received 57.31% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.17%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEncore Wire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Encore Wire is 2.89%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Encore Wire will have a dividend payout ratio of 3.48% next year. This indicates that Encore Wire will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Encore Wire insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.21% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions87.25% of the stock of Encore Wire is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to decrease by -21.50% in the coming year, from $2.93 to $2.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 15.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 15.26, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.78.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.85 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Rolling, drawing, & extruding of nonferrous metals Sub-IndustryElectrical Components & Equipment SectorIndustrial Products Current SymbolNASDAQ:WIRE Previous Symbol CUSIP29256210 CIK850460 Webwww.encorewire.com Phone972-562-9473Debt Debt-to-Equity RatioN/A Current Ratio9.11 Quick Ratio7.55Price-To-Earnings Trailing P/E Ratio15.26 Forward P/E Ratio15.73 P/E GrowthN/A Sales & Book Value Annual Sales$1.27 billion Price / Sales0.75 Cash Flow$3.52 per share Price / Cash Flow13.09 Book Value$37.17 per share Price / Book1.24Profitability EPS (Most Recent Fiscal Year)$2.77 Net Income$58.13 million Net Margins5.01% Return on Equity8.23% Return on Assets7.29%Miscellaneous Employees1,380 Outstanding Shares20,614,000Market Cap$950.31 million Next Earnings Date8/4/2020 (Estimated) OptionableOptionable NASDAQ:WIRE Rates by TradingView Receive WIRE News and Ratings via Email Sign-up to receive the latest news and ratings for WIRE and its competitors with MarketBeat's FREE daily newsletter. Encore Wire (NASDAQ:WIRE) Frequently Asked Questions How has Encore Wire's stock been impacted by COVID-19 (Coronavirus)? Encore Wire's stock was trading at $44.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WIRE stock has increased by 3.8% and is now trading at $46.10. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of Encore Wire? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Encore Wire. When is Encore Wire's next earnings date? Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Encore Wire. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Tuesday, April, 28th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.41. The electronics maker had revenue of $302.79 million for the quarter, compared to analyst estimates of $297.48 million. Encore Wire had a net margin of 5.01% and a return on equity of 8.23%. The business's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. 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 Thursday, May 14th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.02 per share on Friday, July 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Wednesday, July 1st. View Encore Wire's dividend history. What price target have analysts set for WIRE? 2 analysts have issued twelve-month target prices for Encore Wire's shares. Their forecasts range from $56.00 to $66.00. On average, they anticipate Encore Wire's share price to reach $61.00 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price. View analysts' price targets for Encore Wire. Has Encore Wire been receiving favorable news coverage? Headlines about WIRE stock have trended negative on Friday, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Encore Wire earned a daily sentiment score of -2.4 on InfoTrie's scale. They also gave press coverage about the electronics maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news about Encore Wire. Are investors shorting Encore Wire? Encore Wire saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 212,700 shares, an increase of 7.6% from the June 15th total of 197,600 shares. Based on an average trading volume of 122,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.1% of the company's shares are sold short. View Encore Wire's Current Options Chain. Who are some of Encore Wire's key competitors? Some companies that are related to Encore Wire include Roper Technologies (ROP), Emerson Electric (EMR), Eaton (ETN), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), Vicor (VICR), EnerSys (ENS), Brady (BRC), Franklin Electric (FELE) and Belden (BDC). View all competitors. 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), Ecolab (ECL), General Electric (GE), Gilead Sciences (GILD), Harley-Davidson (HOG) and Helmerich & Payne (HP). Who are Encore Wire's key executives? Encore Wire's management team includes the following people: Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 56)Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 63)Mr. David K. Smith, VP of Operations (Age 59)Mr. Kevin M. Keiffer, VP of Sales & MarketingMr. Matthew D. Ford, Assistant Sec. & Controller 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 institutional and retail investors. Top institutional shareholders include Everence Capital Management Inc. (0.03%) and Envestnet Asset Management Inc. (0.02%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford. View institutional ownership trends for Encore Wire. Which institutional investors are selling Encore Wire stock? WIRE stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. Company insiders that have sold Encore Wire company stock in the last year include Frank J Bilban, and Matthew D Ford. View insider buying and selling activity for Encore Wire. Which institutional investors are buying Encore Wire stock? WIRE stock was purchased by a variety of institutional investors in the last quarter, including Everence Capital Management Inc.. View insider buying and selling activity for Encore Wire. 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, Robinhood, Fidelity, and Charles Schwab. What is Encore Wire's stock price today? One share of WIRE stock can currently be purchased for approximately $46.10. How big of a company is Encore Wire? Encore Wire has a market capitalization of $950.31 million and generates $1.27 billion in revenue each year. The electronics maker earns $58.13 million in net income (profit) each year or $2.77 on an earnings per share basis. Encore Wire employs 1,380 workers across the globe. 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 ROAD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473. This page was last updated on 7/10/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
