Encore Wire Stock Price, News & Analysis (NASDAQ:WIRE)

$56.05
-1.51 (-2.62 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$55.75
Now: $56.05
$57.72
50-Day Range
$52.13
MA: $54.97
$60.46
52-Week Range
$40.96
Now: $56.05
$61.68
Volume117,779 shs
Average Volume83,539 shs
Market Capitalization$1.17 billion
P/E Ratio14.99
Dividend Yield0.14%
Beta1.51
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. Read More…

Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
Current SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.29 billion
Cash Flow$4.2366 per share
Book Value$34.51 per share

Profitability

Net Income$78.15 million

Miscellaneous

Employees1,278
Market Cap$1.17 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

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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, August 8th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.02 per share on Friday, October 18th. This represents a $0.08 annualized dividend and a yield of 0.14%. The ex-dividend date is Thursday, October 3rd. View Encore Wire's Dividend History.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) posted its quarterly earnings data on Tuesday, July, 30th. The electronics maker reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by $0.03. The electronics maker earned $336.87 million during the quarter, compared to analyst estimates of $330.42 million. Encore Wire had a return on equity of 11.01% and a net margin of 6.09%. Encore Wire's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. View Encore Wire's Earnings History.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Encore Wire.

What price target have analysts set for WIRE?

2 brokerages have issued 12-month price objectives for Encore Wire's stock. Their predictions range from $58.00 to $60.00. On average, they anticipate Encore Wire's stock price to reach $59.00 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Encore Wire.

Has Encore Wire been receiving favorable news coverage?

Media coverage about WIRE stock has trended negative this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Encore Wire earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned news coverage about the electronics maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Encore Wire.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest in August. As of August 31st, there was short interest totalling 295,400 shares, an increase of 5.7% from the July 31st total of 279,500 shares. Based on an average daily trading volume, of 69,700 shares, the short-interest ratio is presently 4.2 days. Approximately 1.5% of the shares of the stock are short sold. View Encore Wire's Current Options Chain.

Who are some of Encore Wire's key 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), Intuit (INTU), Lam Research (LRCX), NVIDIA (NVDA), General Electric (GE), Phillips 66 (PSX), United Technologies (UTX), Broadcom (AVGO), Carbonite (CARB) and Entegris (ENTG).

Who are Encore Wire's key executives?

Encore Wire's management team includes the folowing 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 & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

Who are Encore Wire's major shareholders?

Encore Wire's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.45%), Vanguard Group Inc. (9.89%), Barrow Hanley Mewhinney & Strauss LLC (4.07%), Barrow Hanley Mewhinney & Strauss LLC (4.07%), Victory Capital Management Inc. (4.00%) and Janus Henderson Group PLC (2.27%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford. 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., Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Janus Henderson Group PLC, Janus Henderson Group PLC, Marshall Wace LLP, Granite Investment Partners LLC and Prudential Financial Inc.. View Insider Buying and Selling for Encore Wire.

Which major investors are buying Encore Wire stock?

WIRE stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Panagora Asset Management Inc., Wells Fargo & Company MN, AQR Capital Management LLC, Charles Schwab Investment Management Inc., Bank of Montreal Can, Citadel Advisors LLC and Systematic Financial Management LP. View Insider Buying and Selling 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 $56.05.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $1.17 billion and generates $1.29 billion in revenue each year. The electronics maker earns $78.15 million in net income (profit) each year or $3.74 on an earnings per share basis. Encore Wire employs 1,278 workers across the globe.View Additional Information About Encore Wire.

What is Encore Wire's official website?

The official website for Encore Wire is http://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.


MarketBeat Community Rating for Encore Wire (NASDAQ WIRE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  231 (Vote Outperform)
Underperform Votes:  303 (Vote Underperform)
Total Votes:  534
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.
This page was last updated on 9/20/2019 by MarketBeat.com Staff

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