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S&P 500   4,297.14
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The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,297.14
DOW   33,912.44
QQQ   333.06
The Five Hottest Calls From The Q2 Earnings Season 
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Buffett's firm buys more Apple, Amazon while betting on oil
Norway hits export record amid soaring gas prices
Stocks end higher on Wall Street; economic worries hit oil
“No Historic Crash Is Coming, What’s NEXT, Is Much Worse…” (PhD Economist) (Ad)
Myanmar executions revive pressure for more sanctions
3 Stocks Set to Lead the Nasdaq Bull Market
Stocks higher on Wall Street; economic worries hit oil price
WARNING: Do You Invest with these Banks (Ad)pixel
NASDAQ:WIRE

Encore Wire - WIRE Stock Forecast, Price & News

$131.34
+0.30 (+0.23%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$129.51
$132.55
50-Day Range
$97.47
$146.03
52-Week Range
$82.00
$151.64
Volume
159,762 shs
Average Volume
254,608 shs
Market Capitalization
$2.51 billion
P/E Ratio
3.85
Dividend Yield
0.06%
Price Target
$190.00

Encore Wire MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
44.7% Upside
$190.00 Price Target
Short Interest
Bearish
12.55% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.87mentions of Encore Wire in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-46.57%
From $26.86 to $14.35 Per Share

Overall MarketRank

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

2.35 out of 5 stars

Industrial Products Sector

67th out of 192 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

3rd out of 7 stocks

WIRE stock logo

About Encore Wire (NASDAQ:WIRE) Stock

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.

Encore Wire Stock Up 0.2 %

NASDAQ:WIRE traded up $0.30 on Monday, reaching $131.34. 159,762 shares of the company's stock traded hands, compared to its average volume of 254,608. The stock has a 50-day simple moving average of $116.26 and a 200-day simple moving average of $117.78. Encore Wire has a 12 month low of $82.00 and a 12 month high of $151.64. The firm has a market cap of $2.51 billion, a PE ratio of 3.85 and a beta of 1.27.

Encore Wire (NASDAQ:WIRE - Get Rating) last issued its earnings results on Monday, July 25th. The electronics maker reported $10.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.14 by $5.57. Encore Wire had a return on equity of 49.46% and a net margin of 23.24%. The company had revenue of $838.20 million for the quarter, compared to the consensus estimate of $727.08 million. During the same quarter last year, the company earned $8.82 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Encore Wire will post 26.86 earnings per share for the current year.

Encore Wire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, October 7th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.06%. Encore Wire's dividend payout ratio is 0.23%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Encore Wire from a "hold" rating to a "buy" rating in a report on Wednesday, May 18th. DA Davidson increased their price objective on shares of Encore Wire from $175.00 to $190.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 27th.

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WIRE Stock News Headlines

Encore Wire Co. (NASDAQ:WIRE) Short Interest Up 17.2% in July
Encore Wire (NASDAQ:WIRE) Price Target Raised to $190.00
Encore Wire earnings: here's what Wall Street expects
Encore Wire (WIRE) Set to Announce Earnings on Monday
Is Belden (BDC) a Great Value Stock Right Now?
See More Headlines
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WIRE Company Calendar

Ex-Dividend for 7/15 Dividend
6/30/2022
Dividend Payable
7/15/2022
Last Earnings
7/25/2022
Today
8/15/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

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
$190.00
High Stock Price Forecast
$190.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+44.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$541.42 million
Pretax Margin
29.96%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$27.94 per share
Book Value
$66.11 per share

Miscellaneous

Free Float
18,323,000
Market Cap
$2.51 billion
Optionable
Optionable
Beta
1.27

Social Links


Key Executives

  • Mr. Daniel L. Jones (Age 59)
    Chairman, Pres & CEO
    Comp: $4.53M
  • Mr. Bret J. Eckert (Age 55)
    CFO, VP of Fin., Treasurer & Sec.
    Comp: $2.25M
  • Mr. David K. Smith (Age 62)
    VP of Operations
  • Mr. William T. Bigbee
    VP of Operations
  • Mr. Kevin M. Keiffer
    VP of Sales & Marketing
  • Mr. Matthew D. Ford
    Assistant Sec. & Controller













WIRE Stock - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 2022?

1 Wall Street analysts have issued twelve-month target prices for Encore Wire's shares. Their WIRE share price forecasts range from $190.00 to $190.00. On average, they predict the company's stock price to reach $190.00 in the next twelve months. This suggests a possible upside of 44.7% 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 2022?

Encore Wire's stock was trading at $143.10 at the beginning of the year. Since then, WIRE stock has decreased by 8.2% and is now trading at $131.34.
View the best growth stocks for 2022 here
.

When is Encore Wire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our WIRE earnings forecast
.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its earnings results on Monday, July, 25th. The electronics maker reported $10.71 earnings per share for the quarter, topping analysts' consensus estimates of $5.14 by $5.57. The electronics maker had revenue of $838.20 million for the quarter, compared to analyst estimates of $727.08 million. Encore Wire had a trailing twelve-month return on equity of 49.46% and a net margin of 23.24%. Encore Wire's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $8.82 earnings per share.

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

Encore Wire announced a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Friday, October 7th will be paid a dividend of $0.02 per share on Friday, October 21st. This represents a $0.08 dividend on an annualized basis and a yield of 0.06%. The ex-dividend date is Thursday, October 6th.
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 0.06%. 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 0.56% 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 many different retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (1.93%), Royce & Associates LP (1.92%), Northern Trust Corp (1.54%), Hodges Capital Management Inc. (1.00%), Principal Financial Group Inc. (0.72%) and Comerica Bank (0.52%). Insiders that own company stock include Frank J Bilban and Matthew D Ford.
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 $131.34.

How much money does Encore Wire make?

Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.51 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $34.09 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
When was Encore Wire founded?

Encore Wire was founded in 1989.

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 8/16/2022 by MarketBeat.com Staff

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