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About Encore Wire (NASDAQ:WIRE)
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
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 Ratio19.44
Forward P/E Ratio17.16
P/E Growth1.72
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales0.87
Cash Flow$3.3705 per share
Price / Cash14.36
Book Value$31.34 per share
Price / Book1.54
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
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 declared a quarterly dividend on Friday, March 9th. Investors of record on Friday, April 6th will be paid a dividend of $0.02 per share on Friday, April 20th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Thursday, April 5th. View Encore Wire's Dividend History.
How were Encore Wire's earnings last quarter?
Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Wednesday, May, 2nd. The electronics maker reported $0.54 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 the consensus estimate of $321.65 million. Encore Wire had a net margin of 5.50% and a return on equity of 8.34%. Encore Wire's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior 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 Wall Street analysts have issued 1-year target prices for Encore Wire's shares. Their forecasts range from $54.00 to $58.00. On average, they anticipate Encore Wire's share price to reach $56.00 in the next year. View Analyst Ratings for Encore Wire.
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?
Media stories about WIRE stock have trended somewhat positive on Sunday, Accern reports. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Encore Wire earned a news impact score of 0.18 on Accern's scale. They also gave headlines about the electronics maker an impact score of 50.21 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the stock's share price in the next several days.
Who are Encore Wire's major shareholders?
Encore Wire's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.64%), Victory Capital Management Inc. (5.33%), Frontier Capital Management Co. LLC (5.03%), Barrow Hanley Mewhinney & Strauss LLC (4.73%), Hodges Capital Management Inc. (3.92%) and Thrivent Financial for Lutherans (2.42%). 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 Victory Capital Management Inc., Millennium Management LLC, Hodges Capital Management Inc., Lyon Street Capital LLC, Heartland Advisors Inc., Thrivent Financial for Lutherans, A.R.T. Advisors LLC and First Dallas Securities 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 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 Franklin Resources Inc., Matarin Capital Management LLC, Granite Investment Partners LLC, Frontier Capital Management Co. LLC, Prudential Financial Inc., Russell Investments Group Ltd., BlackRock Inc. and Chatham Capital Group Inc.. 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, Scottrade, Fidelity and Charles Schwab.
What is Encore Wire's stock price today?
One share of WIRE stock can currently be purchased for approximately $48.40.
How big of a company is Encore Wire?
Encore Wire has a market capitalization of $1.01 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 (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.
Encore Wire (NASDAQ:WIRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Encore Wire in the last 12 months. Their average twelve-month price target is $56.00, suggesting that the stock has a possible upside of 15.70%. The high price target for WIRE is $58.00 and the low price target for WIRE is $54.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 3.00 | 2.50 | 3.00 | 2.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $56.00 | $56.00 | $58.00 | N/A |
| Price Target Upside: | 15.70% upside | 6.77% upside | 24.46% upside | N/A |
Encore Wire (NASDAQ:WIRE) Consensus Price Target History
Encore Wire (NASDAQ:WIRE) Analyst Ratings History
Show:
(Data available from 5/20/2016 forward)
Encore Wire (NASDAQ:WIRE) Dividend Information
Encore Wire pays an annual dividend of $0.08 per share, with a dividend yield of 0.17%. WIRE's most recent quarterly dividend payment was Friday, April 20. Encore Wire pays out 3.07% of its earnings out as a dividend.
| Most Recent Dividend: | 4/20/2018 |
| Annual Dividend: | $0.08 |
| Dividend Yield: | 0.17% |
| Payout Ratio(s): | 3.07% (Trailing 12 Months of Earnings)
2.84% (Based on This Year's Estimates)
2.46% (Based on Next Year's Estimates)
2.37% (Based on Cash Flow)
|
Encore Wire (NASDAQ:WIRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | quarterly | $0.02 | 0.14% | 4/5/2018 | 4/6/2018 | 4/20/2018 |
| 11/9/2017 | quarterly | $0.02 | 0.18% | 1/4/2018 | 1/5/2018 | 1/19/2018 |
| 8/9/2017 | quarterly | $0.02 | 0.2% | 10/5/2017 | 10/6/2017 | 10/20/2017 |
| 6/12/2017 | quarterly | $0.02 | 0.19% | 7/5/2017 | 7/7/2017 | 7/21/2017 |
| 2/28/2017 | quarterly | $0.02 | 0.17% | 4/5/2017 | 4/7/2017 | 4/21/2017 |
| 12/13/2016 | quarterly | $0.02 | 0.18% | 1/4/2017 | 1/6/2017 | 1/20/2017 |
| 8/22/2016 | quarterly | $0.02 | 0.2% | 10/5/2016 | 10/7/2016 | 10/21/2016 |
| 5/18/2016 | quarterly | $0.02 | 0.22% | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 4/4/2016 | quarterly | $0.02 | 0.21% | 4/7/2016 | 4/11/2016 | 4/18/2016 |
| 11/17/2015 | quarterly | $0.02 | 0.18% | 1/6/2016 | 1/8/2016 | 1/22/2016 |
| 8/20/2015 | quarterly | $0.02 | 0.25% | 9/30/2015 | 10/2/2015 | 10/16/2015 |
| 5/14/2015 | quarterly | $0.02 | 0.18% | 7/8/2015 | 7/10/2015 | 7/24/2015 |
| 3/23/2015 | quarterly | $0.02 | 0.22% | 3/31/2015 | 4/3/2015 | 4/17/2015 |
| 11/17/2014 | quarterly | $0.02 | 0.21% | 12/30/2014 | 1/2/2015 | 1/16/2015 |
| 8/14/2014 | quarterly | $0.02 | 0.19% | 10/1/2014 | 10/3/2014 | 10/17/2014 |
| 5/9/2014 | quarterly | $0.02 | 0.16% | 7/9/2014 | 7/11/2014 | 7/25/2014 |
| 2/26/2014 | quarterly | $0.02 | 0.15% | 4/2/2014 | 4/4/2014 | 4/18/2014 |
| 11/12/2013 | quarterly | $0.02 | 0.16% | 12/31/2013 | 1/3/2014 | 1/17/2014 |
| 8/14/2013 | quarterly | $0.02 | 0.2% | 10/2/2013 | 10/4/2013 | 10/18/2013 |
| 6/7/2013 | quarterly | $0.02 | 0.23% | 7/2/2013 | 7/5/2013 | 7/19/2013 |
| 3/12/2013 | quarterly | $0.02 | 0.24% | 4/3/2013 | 4/5/2013 | 4/19/2013 |
(Data available from 1/1/2013 forward)
Encore Wire (NASDAQ WIRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 3.79%
Institutional Ownership Percentage: 88.57%
Encore Wire (NASDAQ WIRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/23/2018 | Matthew D Ford | Insider | Sell | 2,500 | $52.45 | $131,125.00 | 4,000 |  |
| 1/18/2018 | Frank J Bilban | CFO | Sell | 8,924 | $51.52 | $459,764.48 | 19,900 | |
| 1/16/2018 | Frank J Bilban | CFO | Sell | 100 | $51.50 | $5,150.00 | 19,900 | |
| 1/11/2018 | Frank J Bilban | VP | Sell | 15,000 | $50.50 | $757,500.00 | 34,900 | |
| 1/2/2018 | Frank J Bilban | VP | Sell | 10,000 | $49.53 | $495,300.00 | 44,900 | |
| 12/6/2017 | Frank J Bilban | VP | Sell | 9,814 | $48.30 | $474,016.20 | 56,934 | |
| 12/4/2017 | Frank J Bilban | CFO | Sell | 1,557 | $47.51 | $73,973.07 | 56,934 | |
| 11/28/2017 | Matthew D Ford | Insider | Sell | 1,000 | $46.00 | $46,000.00 | 2,500 | |
| 11/1/2017 | Frank J Bilban | VP | Sell | 4,136 | $47.50 | $196,460.00 | 61,150 | |
| 2/22/2017 | Frank J Bilban | VP | Sell | 27,500 | $48.59 | $1,336,225.00 | 81,250 | |
| 8/10/2015 | Gregory J Fisher | Director | Buy | 1,500 | $33.30 | $49,950.00 | | |
| 2/27/2015 | William R Thomas III | Director | Buy | 1,000 | $37.24 | $37,240.00 | | |
| 2/25/2015 | Gregory J Fisher | Director | Buy | 1,000 | $35.70 | $35,700.00 | | |
| 12/16/2014 | John H Wilson | Director | Buy | 5,000 | $35.00 | $175,000.00 | | |
| 10/29/2014 | Gregory J Fisher | Director | Buy | 1,000 | $37.18 | $37,180.00 | | |
| 8/1/2014 | Donald Eugene Courtney | Director | Buy | 5,000 | $41.81 | $209,050.00 | | |
| 10/31/2013 | Frank J Bilban | CFO | Sell | 30,000 | $49.87 | $1,496,100.00 | | |
| 6/25/2013 | William R Thomas III | Director | Buy | 3,500 | $33.96 | $118,860.00 | | |
(Data available from 1/1/2013 forward)
Encore Wire (NASDAQ WIRE) News Headlines
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Encore Wire (NASDAQ:WIRE) SEC Filings
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Encore Wire (NASDAQ:WIRE) Income Statement, Balance Sheet and Cash Flow Statement
Encore Wire (NASDAQ WIRE) Stock Chart for Sunday, May, 20, 2018
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