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NASDAQ:WIRE

Encore Wire - WIRE Stock Forecast, Price & News

$172.62
+0.82 (+0.48%)
(As of 02/6/2023 12:52 PM ET)
Add
Compare
Today's Range
$169.19
$173.31
50-Day Range
$133.42
$171.99
52-Week Range
$94.39
$175.03
Volume
68,756 shs
Average Volume
151,044 shs
Market Capitalization
$3.17 billion
P/E Ratio
4.86
Dividend Yield
0.05%
Price Target
$200.00

Encore Wire MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.6% Upside
$200.00 Price Target
Short Interest
Bearish
14.18% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.78mentions of Encore Wire in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-53.73%
From $33.35 to $15.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.84 out of 5 stars

Industrial Products Sector

133rd out of 174 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

5th out of 7 stocks

WIRE stock logo

About Encore Wire (NASDAQ:WIRE) Stock

Encore Wire Corp. engages in manufacturing copper electrical building wire and cable. The firm supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. It offers an electric building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2 and other types of wire products, including Metal Clad, Armored Cable, Photovoltaic Cable and Bare Copper. Its principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.

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WIRE Stock News Headlines

Encore Wire (NASDAQ:WIRE) Hits New 12-Month High at $169.20
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Taking A Starter Position In Encore Wire
Encore Wire (WIRE) Stock Moves 0.4%: What You Should Know
Encore Wire: How To Create Value For A Pure Commodity
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
Encore Wire: They Built A Better Mousetrap
Encore Wire (WIRE) Upgraded to Strong Buy: Here's Why
Encore Wire Corporation: Still Extremely Undervalued
See More Headlines
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WIRE Company Calendar

Last Earnings
10/26/2021
Ex-Dividend for 1/20 Dividend
1/05/2023
Dividend Payable
1/20/2023
Today
2/06/2023
Next Earnings (Confirmed)
2/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,440
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$200.00
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$200.00
Forecasted Upside/Downside
+15.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$541.42 million
Pretax Margin
30.17%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$28.02 per share
Book Value
$66.11 per share

Miscellaneous

Free Float
17,573,000
Market Cap
$3.17 billion
Optionable
Optionable
Beta
1.35

Social Links


Key Executives

  • Daniel L. Jones
    Chairman, President & Chief Executive Officer
  • Bret J. Eckert
    CFO, Secretary, Treasurer & Executive VP













WIRE Stock - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

1 Wall Street equities research 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 equities research analysts is that investors should "buy" WIRE shares.
View WIRE analyst ratings
or view top-rated stocks.

What is Encore Wire's stock price forecast for 2023?

1 brokers have issued 1 year price targets for Encore Wire's shares. Their WIRE share price forecasts range from $200.00 to $200.00. On average, they expect the company's share price to reach $200.00 in the next twelve months. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for WIRE
or view top-rated stocks among Wall Street analysts.

How have WIRE shares performed in 2023?

Encore Wire's stock was trading at $137.56 on January 1st, 2023. Since then, WIRE stock has increased by 24.9% and is now trading at $171.80.
View the best growth stocks for 2023 here
.

When is Encore Wire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
View our WIRE earnings forecast
.

How can I listen to Encore Wire's earnings call?

Encore Wire will be holding an earnings conference call on Wednesday, February 15th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Tuesday, October, 26th. The electronics maker reported $8.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $5.59. The electronics maker had revenue of $716.32 million for the quarter, compared to analyst estimates of $587.34 million. Encore Wire had a net margin of 23.43% and a trailing twelve-month return on equity of 46.63%. The company's revenue was up 110.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 EPS.

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

Encore Wire announced a quarterly dividend on Wednesday, November 9th. Stockholders of record on Friday, January 6th will be given a dividend of $0.02 per share on Friday, January 20th. This represents a $0.08 annualized dividend and a yield of 0.05%. The ex-dividend date of this dividend is Thursday, January 5th.
Read our dividend analysis for WIRE
.

Is Encore Wire a good dividend stock?

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.05%. The dividend payout ratio is 0.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

What is Daniel L. Jones' approval rating as Encore Wire's CEO?

24 employees have rated Encore Wire Chief Executive Officer Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among the company's employees. This puts Daniel L. Jones in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 a number of institutional and retail investors. Top institutional investors include Hodges Capital Management Inc. (1.49%), Comerica Bank (0.51%), Empowered Funds LLC (0.18%), ARGI Investment Services LLC (0.13%), New York State Teachers Retirement System (0.10%) and First Dallas Securities Inc. (0.10%).
View institutional ownership trends
.

How do I buy shares of Encore Wire?

Shares of WIRE stock 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 $171.80.

How much money does Encore Wire make?

Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.15 billion and generates $3.01 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $35.55 on an earnings per share basis.

How many employees does Encore Wire have?

The company employs 1,440 workers across the globe.

Does Encore Wire have any subsidiaries?
The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.
Read More
How can I contact Encore Wire?

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for the company is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473 or via fax at 972-562-3644.

This page (NASDAQ:WIRE) was last updated on 2/6/2023 by MarketBeat.com Staff