Encore Wire Stock Forecast, Price & News

1 Wall Street research 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 research analysts is that investors should "buy" Encore Wire stock.
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1 Wall Street research analysts have issued 12-month price targets for Encore Wire's stock. Their WIRE stock forecasts range from $175.00 to $175.00. On average, they predict Encore Wire's share price to reach $175.00 in the next twelve months. This suggests a possible upside of 62.7% from the stock's current price.
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Encore Wire's stock was trading at $143.10 at the beginning of the year. Since then, WIRE stock has decreased by 24.8% and is now trading at $107.58.
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Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
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Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings results on Thursday, April, 28th. The electronics maker reported $7.96 EPS for the quarter, topping the consensus estimate of $2.38 by $5.58. The electronics maker earned $723.07 million during the quarter, compared to analyst estimates of $567.63 million. Encore Wire had a net margin of 23.05% and a trailing twelve-month return on equity of 52.38%. Encore Wire's revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.99 earnings per share.
View Encore Wire's earnings history.

Encore Wire announced a quarterly dividend on Friday, May 6th. Stockholders of record on Friday, July 1st will be given a dividend of $0.02 per share on Friday, July 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date of this dividend is Thursday, June 30th.
View Encore Wire's dividend history.

Encore Wire(NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.08%. The dividend payout ratio of Encore Wire is 0.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 0.59% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

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), Enphase Energy (ENPH), AMETEK (AME), Rockwell Automation (ROK), Generac (GNRC), II-VI (IIVI), Acuity Brands (AYI), Franklin Electric (FELE), Vicor (VICR), EnerSys (ENS), Brady (BRC), Belden (BDC) and FuelCell Energy (FCEL).
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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 retail and institutional investors. Top institutional investors include BlackRock Inc. (15.84%), Vanguard Group Inc. (11.35%), Dimensional Fund Advisors LP (7.73%), State Street Corp (3.41%), Westwood Holdings Group Inc. (1.70%) and Royce & Associates LP (1.59%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford.
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WIRE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Arrowstreet Capital Limited Partnership, First Trust Advisors LP, Skylands Capital LLC, Russell Investments Group Ltd., Northern Trust Corp, Bank of America Corp DE, and BNP Paribas Arbitrage SA.
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WIRE stock was purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Goldman Sachs Group Inc., Acadian Asset Management LLC, Prudential Financial Inc., First National Trust Co, Group One Trading L.P., Invesco Ltd., and Cibc World Market Inc..
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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 $107.58.

Encore Wire (NASDAQ:WIRE) has a market capitalization of $2.12 billion and generates $2.59 billion in revenue each year. The electronics maker earns $541.42 million in net income (profit) each year or $32.20 on an earnings per share basis.

Encore Wire employs 1,440 workers across the globe.

Encore Wire was founded in 1989.

Encore Wire's mailing address is 1329 MILLWOOD RD, MCKINNEY TX, 75069. The official website for Encore Wire is www.encorewire.com. The electronics maker can be reached via phone at (972) 562-9473 or via fax at 972-562-3644.