Encore Wire Stock Forecast, Price & News

Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 hold rating and 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.

How has Encore Wire's stock been impacted by Coronavirus (COVID-19)?

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WIRE stock has increased by 155.4% and is now trading at $113.43.
View which stocks have been most impacted by COVID-19.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 939,700 shares, an increase of 18.2% from the December 15th total of 795,200 shares. Based on an average daily trading volume, of 274,300 shares, the short-interest ratio is currently 3.4 days. Currently, 4.8% of the company's shares are sold short.
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 Tuesday, February 15th 2022.
View our earnings forecast for Encore Wire.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its earnings results on Tuesday, October, 26th. The electronics maker reported $8.51 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.92 by $5.59. The electronics maker earned $716.32 million during the quarter, compared to the consensus estimate of $587.34 million. Encore Wire had a trailing twelve-month return on equity of 42.52% and a net margin of 18.55%. The firm's revenue for the quarter was up 110.9% on a year-over-year basis. During the same quarter last year, the business posted $1.02 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 declared a quarterly dividend on Wednesday, November 10th. Shareholders of record on Friday, January 7th will be paid a dividend of $0.02 per share on Friday, January 21st. This represents a $0.08 annualized dividend and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, January 6th.
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%. Encore Wire does not yet have a strong track record of dividend growth. The dividend payout ratio of Encore Wire is 0.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.82% 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 equities research analysts have issued 1-year price objectives for Encore Wire's stock. Their forecasts range from $65.00 to $150.00. On average, they anticipate Encore Wire's share price to reach $107.50 in the next year. This suggests that the stock has a possible downside of 5.2%.
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:

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

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), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), Acuity Brands (AYI), II-VI (IIVI), 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 investors include Frontier Capital Management Co. LLC (0.42%), Russell Investments Group Ltd. (0.38%), State of Alaska Department of Revenue (0.07%), Denali Advisors LLC (0.06%), Louisiana State Employees Retirement System (0.05%) and Exchange Traded Concepts LLC (0.02%).
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 Frontier Capital Management Co. LLC, Denali Advisors LLC, Diversified Trust Co, Exchange Traded Concepts LLC, Parallel Advisors LLC, State of Alaska Department of Revenue, and Louisiana State Employees Retirement System.
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 Russell Investments Group Ltd., XR Securities LLC, AE Wealth Management LLC, Crossmark Global Holdings Inc., Kovack Advisors Inc., and Koshinski Asset Management 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.
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What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $113.43.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $2.30 billion and generates $1.28 billion in revenue each year. The electronics maker earns $76.07 million in net income (profit) each year or $20.49 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,289 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.

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 or via fax at 972-562-3644.