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DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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Encore Wire Stock Forecast, Price & News

+0.03 (+0.05 %)
(As of 01/22/2021 12:00 AM ET)
Today's Range
Now: $60.11
50-Day Range
MA: $58.68
52-Week Range
Now: $60.11
Volume115,980 shs
Average Volume100,813 shs
Market Capitalization$1.24 billion
P/E Ratio21.70
Dividend Yield0.13%
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables that are metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
Encore Wire logo


Overall MarketRank

1.79 out of 5 stars

Industrial Products Sector

71st out of 395 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 10 stocks

Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
Current SymbolNASDAQ:WIRE



Sales & Book Value

Annual Sales$1.27 billion
Cash Flow$4.61 per share
Book Value$37.17 per share


Net Income$58.13 million


Market Cap$1.24 billion
Next Earnings Date2/16/2021 (Estimated)
+0.03 (+0.05 %)
(As of 01/22/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

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

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WIRE stock has increased by 35.4% and is now trading at $60.11.
View which stocks have been most impacted by COVID-19

Is Encore Wire a buy right now?

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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Encore Wire?

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Encore Wire

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) posted its quarterly earnings results on Sunday, November, 1st. The electronics maker reported $1.02 EPS for the quarter, topping the Zacks' consensus estimate of $0.75 by $0.27. The electronics maker had revenue of $339.70 million for the quarter. Encore Wire had a net margin of 4.91% and a trailing twelve-month return on equity of 7.43%.
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 Tuesday, November 17th. Stockholders of record on Friday, January 1st will be paid a dividend of $0.02 per share on Friday, January 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Wednesday, December 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 0.13%. Encore Wire does not yet have a strock track record of dividend growth. The dividend payout ratio of Encore Wire is 2.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 3.14% 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 brokerages have issued twelve-month price objectives for Encore Wire's stock. Their forecasts range from $65.00 to $70.00. On average, they anticipate Encore Wire's stock price to reach $67.50 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price.
View analysts' price targets for Encore Wire
or view Wall Street analyst' top-rated stocks.

Are investors shorting Encore Wire?

Encore Wire saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 319,900 shares, a decrease of 22.1% from the December 15th total of 410,400 shares. Based on an average daily volume of 114,400 shares, the short-interest ratio is currently 2.8 days. Approximately 1.6% of the shares of the company are sold short.
View Encore Wire's Short Interest

Who are some of Encore Wire's key 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).

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 57, Pay $2.1M)
  • Mr. Bret J. Eckert, CFO, Treasurer & Sec. (Age 53)
  • Mr. David K. Smith, VP of Operations (Age 60)
  • Mr. William T. Bigbee, VP of Operations
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

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 variety of retail and institutional investors. Top institutional investors include Frontier Capital Management Co. LLC (3.58%), State of Alaska Department of Revenue (0.08%) and Exchange Traded Concepts LLC (0.03%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
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, and State of Alaska Department of Revenue.
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 bought by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC.
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.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $60.11.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $1.24 billion and generates $1.27 billion in revenue each year. The electronics maker earns $58.13 million in net income (profit) each year or $2.77 on an earnings per share basis. Encore Wire employs 1,380 workers across the globe.

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.

This page was last updated on 1/23/2021 by MarketBeat.com Staff

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