NASDAQ:WIRE

Encore Wire (WIRE) Stock Forecast, Price & News

$126.53

+2.66 (+2.15%)

(As of 05/27/2022 11:21 AM ET)

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Today's Range: $124.20
▼
$127.63
50-Day Range: $104.34
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$135.48
52-Week Range: $65.98
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$151.64

Volume: 1,168 shs
Average Volume: 243,115 shs
Market Capitalization: $2.50 billion

P/E Ratio: 3.93
Dividend Yield: 0.07%
Beta: 1.1

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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.

May 24, 2022 | nasdaq.com

WIRE Makes Notable Cross Below Critical Moving Average

May 14, 2022 | seekingalpha.com

Encore Wire: A Long-Term Deep Value Play

May 13, 2022 | seekingalpha.com

Encore Wire Looks Like It Is Only Getting Started

May 11, 2022 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Downgraded by StockNews.com to Hold

May 9, 2022 | finance.yahoo.com

5 Increasing Cash-Flow Backed Stocks You Should Pick Now

May 8, 2022 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Raised to Strong-Buy at Zacks Investment Research

May 5, 2022 | americanbankingnews.com

Encore Wire Co. (NASDAQ:WIRE) Forecasted to Post FY2022 Earnings of $19.18 Per Share

May 4, 2022 | americanbankingnews.com

Equities Analysts Issue Forecasts for Encore Wire Co.'s Q2 2022 Earnings (NASDAQ:WIRE)

May 3, 2022 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Price Target Raised to $175.00 at DA Davidson

April 29, 2022 | nasdaq.com

Encore Wire Shares Cross Above 200 DMA

April 29, 2022 | seekingalpha.com

Encore Wire Corporation (WIRE) CEO Daniel Jones on Q1 2022 Results - Earnings Call Transcript

April 28, 2022 | finance.yahoo.com

Encore Wire Reports First Quarter Results; Continued Strong Gross Profit Margins; Highlights Share Repurchases During Quarter

April 25, 2022 | nasdaq.com

Encore Wire (WIRE) to Post Q1 Earnings: What's in the Cards?

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Rolling, drawing, & extruding of nonferrous metals
Sub-Industry: Electrical Components & Equipment
Sector: Industrial Products
Current Symbol: NASDAQ:WIRE
Previous Symbol
CUSIP: 29256210
CIK: 850460
Web: www.encorewire.com
Phone: (972) 562-9473
Fax: 972-562-3644
Employees: 1,440
Year Founded: 1989

Sales & Book Value

Annual Sales: $2.59 billion
Price / Sales: 0.96
Cash Flow: $28.50 per share
Price / Cash Flow: 4.44
Book Value: $73.19 per share
Price / Book: 1.73

Profitability

EPS (Most Recent Fiscal Year): $32.20
Net Income: $541.42 million
Net Margins: 23.05%
Pretax Margin: 29.73%
Return on Equity: 52.38%
Return on Assets: 45.18%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 6.20
Quick Ratio: 5.56

Price-To-Earnings

Trailing P/E Ratio: 3.93
Forward P/E Ratio: 6.60
P/E Growth: N/A

Miscellaneous

Outstanding Shares: 19,728,000
Free Float: 18,899,000
Market Cap: $2.50 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: 5/27/2022
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

87th out of 257 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 8 stocks

3.5 Analyst's Opinion

Consensus Rating
Encore Wire has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $175.00, Encore Wire has a forecasted upside of 38.3% from its current price of $126.53.
Amount of Analyst Coverage
Encore Wire has received no research coverage in the past 90 days.

3.9 Community Rank

Outperform Votes
Encore Wire has received 262 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Encore Wire has received 183 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Encore Wire has received 58.88% “outperform” 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.

1.7 Dividend Strength

Dividend Yield
Encore Wire has a dividend yield of 0.07%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Encore Wire does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Encore Wire is 0.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Encore Wire insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.20% of the stock of Encore Wire is held by insiders.
Percentage Held by Institutions
90.89% of the stock of Encore Wire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Encore Wire are expected to decrease by -29.35% in the coming year, from $19.18 to $13.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Encore Wire is 3.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 10.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of Encore Wire is 3.93, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 24.44.
Price to Book Value per Share Ratio
Encore Wire has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 twelve months. 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) released its quarterly earnings data on Thursday, April, 28th. The electronics maker reported $7.96 earnings per share for the quarter, topping analysts' consensus estimates of $2.38 by $5.58. The electronics maker earned $723.07 million during the quarter, compared to analyst estimates 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 firm's revenue was up 62.8% compared to the same quarter last year. During the same period last year, the business posted $1.99 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 Friday, May 6th. Shareholders 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 dividend on an annualized basis and a yield of 0.06%. 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 0.07%. 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 equities research analysts have issued 1-year price targets 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 39.0% 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.
Who are some of Encore Wire's key competitors?: Some companies that are related to Encore Wire include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), AMETEK (AME), Enphase Energy (ENPH), Rockwell Automation (ROK), Generac (GNRC), II-VI (IIVI), Acuity Brands (AYI), Franklin Electric (FELE), Vicor (VICR), EnerSys (ENS), Brady (BRC), Belden (BDC) and FuelCell Energy (FCEL).
View all of WIRE's 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. (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 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., 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 institutional investors are buying Encore Wire stock?: WIRE stock was bought 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 $125.88.
How much money does Encore Wire make?: Encore Wire has a market capitalization of $2.48 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 5/27/2022 by MarketBeat.com Staff

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Encore Wire (WIRE) Stock Forecast, Price & News

About Encore Wire

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

3.5 Analyst's Opinion

3.9 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

1.7 Dividend Strength

1.7 Company Ownership

1.3 Earnings and Valuation

Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

30 Days of MarketBeat All Access for $1.00

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MarketRank^™

Overall MarketRank^™