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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$77.97
-2.80 (-3.47 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$76.70
$80.72
50-Day Range
$66.17
$81.68
52-Week Range
$40.33
$82.24
Volume149,305 shs
Average Volume110,803 shs
Market Capitalization$1.61 billion
P/E Ratio28.15
Dividend Yield0.10%
Beta1.24
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. Its 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. The company 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.

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Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
Current SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473
Employees1,289
Year FoundedN/A

Sales & Book Value

Annual Sales$1.27 billion
Cash Flow$5.98 per share
Book Value$37.17 per share

Profitability

Net Income$58.13 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$1.61 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

1.46 out of 5 stars

Industrial Products Sector

128th out of 398 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

5th out of 10 stocks

Analyst Opinion: 1.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

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

What stocks does MarketBeat like better than Encore Wire?

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 280,400 shares, an increase of 46.3% from the March 31st total of 191,600 shares. Based on an average daily volume of 109,500 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.4% of the shares of the stock are short sold.
View Encore Wire's Short Interest
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Encore Wire
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings results on Sunday, April, 25th. The electronics maker reported $1.99 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.88 by $1.11. The electronics maker had revenue of $444.10 million for the quarter, compared to analysts' expectations of $384.57 million. Encore Wire had a net margin of 4.91% and a trailing twelve-month return on equity of 7.43%. The business's quarterly revenue was up 46.6% compared to the same quarter last year. During the same period last year, the company posted $0.89 earnings per share.
View Encore Wire's earnings history
.

How has Encore Wire's stock been impacted by Coronavirus?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WIRE stock has increased by 75.6% and is now trading at $77.97.
View which stocks have been most impacted by COVID-19
.

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

Encore Wire announced a quarterly dividend on Wednesday, May 5th. Investors of record on Friday, July 2nd will be given a dividend of $0.02 per share on Friday, July 16th. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date is Thursday, July 1st.
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 0.10%. Encore Wire does not yet have a strock track record of dividend growth. The dividend payout ratio of Encore Wire is 2.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 3.14% 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?

2 brokerages have issued twelve-month price objectives for Encore Wire's stock. Their forecasts range from $65.00 to $80.00. On average, they anticipate Encore Wire's stock price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 7.0%.
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 58, Pay $2.36M)
  • Mr. Bret J. Eckert, CFO, VP of Fin., Treasurer & Sec. (Age 54, Pay $1.02M)
  • Mr. David K. Smith, VP of Operations (Age 61)
  • 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.

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), 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 shareholders include BlackRock Inc. (16.23%), Victory Capital Management Inc. (7.04%), Royce & Associates LP (2.20%), Geode Capital Management LLC (2.05%), Northern Trust Corp (2.00%) and Skylands Capital LLC (0.73%). 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 Northern Trust Corp, Victory Capital Management Inc., Prudential Financial Inc., Skylands Capital LLC, Dupont Capital Management Corp, Sei Investments Co., Strs Ohio, and Virginia Retirement Systems ET AL.
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 Royce & Associates LP, BlackRock Inc., JPMorgan Chase & Co., Monarch Partners Asset Management LLC, UBS Group AG, Geode Capital Management LLC, Clarus Group Inc., and Clarus Group 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 $77.97.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $1.61 billion 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.

How many employees does Encore Wire have?

Encore Wire employs 1,289 workers across the globe.

What is Encore Wire's official website?

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

Where are Encore Wire's headquarters?

Encore Wire is headquartered at 1329 MILLWOOD RD, MCKINNEY TX, 75069.

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.


This page was last updated on 5/13/2021 by MarketBeat.com Staff
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