NASDAQ:WIRE Encore Wire - WIRE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Encore Wire Co. Please log in to your account or sign up in order to add this asset to your watchlist. $182.81 +2.86 (+1.59%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$180.30▼$184.6450-Day Range$149.67▼$199.6152-Week Range$94.39▼$206.74Volume312,481 shsAverage Volume232,199 shsMarket Capitalization$3.29 billionP/E Ratio4.95Dividend Yield0.04%Price Target$250.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Encore Wire MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside36.8% Upside$250.00 Price TargetShort InterestBearish12.10% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.23Based on 7 Articles This WeekInsider TradingSelling Shares$600,000 Sold Last QuarterProj. Earnings Growth-10.43%From $19.76 to $17.70 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.23 out of 5 starsIndustrial Products Sector82nd out of 179 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry3rd out of 7 stocks 3.5 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $250.00, Encore Wire has a forecasted upside of 36.8% from its current price of $182.81.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted12.10% of the float of Encore Wire has been sold short.Short Interest Ratio / Days to CoverEncore Wire has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently increased by 2.44%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.05%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEncore Wire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Encore Wire is 0.22%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Encore Wire will have a dividend payout ratio of 0.45% next year. This indicates that Encore Wire will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WIRE. Previous Next 2.9 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Encore Wire this week, compared to 2 articles on an average week.Search InterestOnly 32 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is a decrease of -23% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Encore Wire insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $600,000.00 in company stock.Percentage Held by InsidersOnly 4.20% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions99.20% of the stock of Encore Wire is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to decrease by -10.43% in the coming year, from $19.76 to $17.70 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 4.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.97.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 4.95, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.62.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 1.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Encore Wire (NASDAQ:WIRE) StockEncore Wire Corp. engages in manufacturing copper electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments and manufactured housing. The company was founded by Vincent A. Rego in 1989 and is headquartered in McKinney, TX.Read More Receive WIRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Encore Wire and its competitors with MarketBeat's FREE daily newsletter. Email Address WIRE Stock News HeadlinesMarch 28, 2023 | marketwatch.comWind Energy Cables Market Share and Forecast till 2030March 24, 2023 | marketwatch.comArmored Cable Market 2023 Size and Forecast to 2030March 31, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 23, 2023 | marketwatch.com2023-2030 "Power Cables Market" Rising Trends, Developments, Competitive Landscape, and Business Growth OutlookMarch 22, 2023 | marketwatch.comSpecialty Cables Market Size 2023 With Presentation Outlook, Horizontal Viewpoint, Global ViewMarch 22, 2023 | marketwatch.comSpecialty Cable Market Major Players, Anlysis and Forecast till 2028March 21, 2023 | finance.yahoo.comAre Encore Wire Corporation (NASDAQ:WIRE) Investors Paying Above The Intrinsic Value?March 16, 2023 | finance.yahoo.comEncore Wire Unveils ESG Strategy in Inaugural ESG ReportMarch 31, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.March 13, 2023 | marketwatch.comLow Voltage Cable Market Share, Segmentation and Forecast 2023-2027March 10, 2023 | marketwatch.comWire and Cable Market Evolving Trends, Technology, and Revenue Forecast To 2027March 7, 2023 | finance.yahoo.comEncore Wire Corporation's (NASDAQ:WIRE) Stock Is Going Strong: Is the Market Following Fundamentals?March 1, 2023 | finance.yahoo.comEncore Wire and Brookfield Renewable Partners have been highlighted as Zacks Bull and Bear of the DayMarch 1, 2023 | finance.yahoo.comBull of the Day: Encore Wire (WIRE)February 27, 2023 | finance.yahoo.comZacks.com featured highlights Banco do Brasil, Marubeni, Weatherford International and Encore WireFebruary 23, 2023 | finance.yahoo.comZacks.com featured highlights include Coca Cola Femsa, Nucor and Encore WireFebruary 22, 2023 | finance.yahoo.comEncore Wire Corporation (WIRE) Hit a 52 Week High, Can the Run Continue?February 20, 2023 | msn.comEarnings push Encore Wire to top industrial gainer of week, ZTO Express sees No. 1 loser tagFebruary 18, 2023 | finance.yahoo.comForecast: Analysts Think Encore Wire Corporation's (NASDAQ:WIRE) Business Prospects Have Improved DrasticallyFebruary 16, 2023 | uk.finance.yahoo.comQ4 2022 Encore Wire Corp Earnings CallFebruary 16, 2023 | finance.yahoo.comWhy We Like The Returns At Encore Wire (NASDAQ:WIRE)February 15, 2023 | msn.comHot Stocks: UPST, WIRE jump on earnings news; DVN, AKAM fallFebruary 14, 2023 | msn.comEncore Wire GAAP EPS of $8.28 beats by $2.45, revenue of $693.88M beats by $62.85MFebruary 14, 2023 | finance.yahoo.comEncore Wire Reports Fourth Quarter and Full Year 2022 ResultsFebruary 13, 2023 | seekingalpha.comEncore Wire Q4 2022 Earnings PreviewFebruary 13, 2023 | msn.comEncore Wire Earnings PreviewFebruary 10, 2023 | marketwatch.comOil and Gas Industry Wire and Cable Market is expected to witness Incredible Growth during 2023-2028See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WIRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Encore Wire and its competitors with MarketBeat's FREE daily newsletter. Email Address WIRE Company Calendar Ex-Dividend for 1/20 Dividend1/05/2023Dividend Payable1/20/2023Last Earnings2/15/2023Today3/31/2023Ex-Dividend for 4/21 Dividend4/05/2023Dividend Payable4/21/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Rolling, drawing, & extruding of nonferrous metals Sub-IndustryElectrical Components & Equipment SectorIndustrial Products Current SymbolNASDAQ:WIRE CUSIP29256210 CIK850460 Webwww.encorewire.com Phone(972) 562-9473Fax972-562-3644Employees1,672Year Founded1989Price Target and Rating Average Stock Price Forecast$250.00 High Stock Price Forecast$250.00 Low Stock Price Forecast$250.00 Forecasted Upside/Downside+36.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$36.92 Trailing P/E Ratio4.95 Forward P/E Ratio9.25 P/E GrowthN/ANet Income$717.84 million Net Margins23.79% Pretax Margin30.65% Return on Equity43.96% Return on Assets39.17% Debt Debt-to-Equity RatioN/A Current Ratio9.72 Quick Ratio8.66 Sales & Book Value Annual Sales$3.02 billion Price / Sales1.09 Cash Flow$42.22 per share Price / Cash Flow4.33 Book Value$99.15 per share Price / Book1.84Miscellaneous Outstanding Shares17,970,000Free Float17,210,000Market Cap$3.29 billion OptionableOptionable Beta1.32 Social Links Key ExecutivesDaniel L. JonesChairman, President & Chief Executive OfficerBret J. EckertCFO, Secretary, Treasurer & Executive VPKey CompetitorsArconicNYSE:ARNCMueller IndustriesNYSE:MLIKaiser AluminumNASDAQ:KALUUniFirstNYSE:UNFHillenbrandNYSE:HIView All CompetitorsInsiders & InstitutionsDiametric Capital LPBought 8,623 shares on 3/29/2023Ownership: 0.048%MetLife Investment Management LLCSold 580 shares on 3/23/2023Ownership: 0.051%B. Riley Wealth Advisors Inc.Bought 6,732 shares on 3/15/2023Ownership: 0.083%Rockefeller Capital Management L.P.Sold 900 shares on 3/6/2023Ownership: 0.009%Lakewood Asset Management LLCBought 2,831 shares on 3/1/2023Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions 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 2023? 1 brokers have issued 12 month price objectives for Encore Wire's stock. Their WIRE share price forecasts range from $250.00 to $250.00. On average, they expect the company's share price to reach $250.00 in the next twelve months. This suggests a possible upside of 36.8% 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 shares have increased by 32.9% and is now trading at $182.81. 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 Thursday, April 27th 2023. View our WIRE earnings forecast. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) released its earnings results on Wednesday, February, 15th. The electronics maker reported $8.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.61 by $3.67. The electronics maker had revenue of $693.89 million for the quarter, compared to analyst estimates of $631.04 million. Encore Wire had a trailing twelve-month return on equity of 43.96% and a net margin of 23.79%. The firm's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.91 EPS. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire announced a quarterly dividend on Friday, February 17th. Investors of record on Thursday, April 6th will be given a dividend of $0.02 per share on Friday, April 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.04%. The ex-dividend date of this dividend is Wednesday, April 5th. Read our dividend analysis for WIRE. What ETFs hold Encore Wire's stock? ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include First Trust RBA American Industrial RenaissanceTM ETF (AIRR), Alpha Architect U.S. Quantitative Value ETF (QVAL), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap 600 Pure Growth ETF (RZG) and Invesco DWA Industrials Momentum ETF (PRN). 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 0.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.45% 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 Dimensional Fund Advisors LP (8.67%), Geode Capital Management LLC (1.90%), Morgan Stanley (1.83%), Arrowstreet Capital Limited Partnership (1.63%), Hodges Capital Management Inc. (1.49%) and American Century Companies Inc. (1.33%). 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 $182.81. How much money does Encore Wire make? Encore Wire (NASDAQ:WIRE) has a market capitalization of $3.29 billion and generates $3.02 billion in revenue each year. The electronics maker earns $717.84 million in net income (profit) each year or $36.92 on an earnings per share basis. How many employees does Encore Wire have? The company employs 1,672 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, via email at web.investor@encorewire.com, or via fax at 972-562-3644. This page (NASDAQ:WIRE) was last updated on 3/31/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.