Encore Wire Stock Forecast, Price & News

2 Wall Street equities research 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 equities research analysts is that investors should "buy" Encore Wire stock.
View analyst ratings for Encore Wire or view top-rated stocks.

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Encore Wire saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 385,300 shares, an increase of 22.3% from the April 29th total of 315,000 shares. Based on an average trading volume of 109,000 shares, the short-interest ratio is currently 3.5 days. Approximately 1.9% of the company's stock are sold short.
View Encore Wire's Short Interest.

Encore Wire is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Encore Wire.

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings results on Sunday, April, 25th. The electronics maker reported $1.99 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.88 by $1.11. The electronics maker earned $444.10 million during the quarter, compared to analyst estimates of $384.57 million. Encore Wire had a net margin of 6.96% and a trailing twelve-month return on equity of 11.88%. The business's quarterly revenue was up 46.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 earnings per share.
View Encore Wire's earnings history.

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, WIRE shares have increased by 67.6% and is now trading at $74.45.
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Encore Wire announced a quarterly dividend on Wednesday, May 5th. Shareholders of record on Friday, July 2nd will be paid a dividend of $0.02 per share on Friday, July 16th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.11%. The ex-dividend date of this dividend is Thursday, July 1st.
View Encore Wire's dividend history.

Encore Wire pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.10%. Encore Wire does not yet have a strong track record of dividend growth. The dividend payout ratio of Encore Wire is 2.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 1.55% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

2 analysts have issued 1 year target prices for Encore Wire's shares. Their forecasts range from $65.00 to $80.00. On average, they anticipate Encore Wire's stock price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
View analysts' price targets for Encore Wire or view top-rated stocks among Wall Street analysts.

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.

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), II-VI (IIVI), Acuity Brands (AYI), Regal Beloit (RBC), EnerSys (ENS), Vicor (VICR), Franklin Electric (FELE), Brady (BRC) and FuelCell Energy (FCEL).
View all of WIRE's competitors.

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).

Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."

Encore Wire's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.23%), Dimensional Fund Advisors LP (7.58%), Victory Capital Management Inc. (7.04%), Janus Henderson Group PLC (3.28%), Westwood Holdings Group Inc. (2.40%) and Royce & Associates LP (2.20%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
View institutional ownership trends for Encore Wire.

WIRE stock was sold by a variety of institutional investors in the last quarter, including Northern Trust Corp, Janus Henderson Group PLC, Ameriprise Financial Inc., Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Man Group plc, Sunbelt Securities Inc., and AQR Capital Management LLC.
View insider buying and selling activity for Encore Wire or view top insider-selling stocks.

WIRE stock was purchased by a variety of institutional investors in the last quarter, including Royce & Associates LP, Westwood Holdings Group Inc., BlackRock Inc., JPMorgan Chase & Co., Millennium Management LLC, Monarch Partners Asset Management LLC, UBS Group AG, and Renaissance Technologies LLC.
View insider buying and selling activity for Encore Wire or or view top insider-buying stocks.

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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One share of WIRE stock can currently be purchased for approximately $74.45.

Encore Wire has a market capitalization of $1.54 billion and generates $1.28 billion in revenue each year. The electronics maker earns $76.07 million in net income (profit) each year or $3.68 on an earnings per share basis.

Encore Wire employs 1,289 workers across the globe.

The official website for Encore Wire is www.encorewire.com.

Encore Wire is headquartered at 1329 MILLWOOD RD, MCKINNEY TX, 75069.

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.