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NASDAQ:WIREEncore Wire Stock Price, Forecast & News

$48.29
-0.01 (-0.02 %)
(As of 05/29/2020 04:00 PM ET)
Add
Compare
Today's Range
$47.44
Now: $48.29
$48.77
50-Day Range
$41.58
MA: $44.97
$52.04
52-Week Range
$38.01
Now: $48.29
$62.08
Volume136,095 shs
Average Volume134,024 shs
Market Capitalization$995.45 million
P/E Ratio15.99
Dividend Yield0.17%
Beta1.19
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, metal-clad, and armored cables for use primarily 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.
Read More
Encore Wire logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


Industry, Sector and Symbol

Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
Current SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.27 billion
Cash Flow$3.57 per share
Book Value$37.70 per share

Profitability

Net Income$58.13 million

Miscellaneous

Employees1,380
Market Cap$995.45 million
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

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

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WIRE shares have increased by 8.7% and is now trading at $48.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Encore Wire?

2 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for Encore Wire.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Encore Wire.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its earnings results on Tuesday, April, 28th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.41. The electronics maker earned $302.79 million during the quarter, compared to analyst estimates of $297.48 million. Encore Wire had a return on equity of 8.23% and a net margin of 5.01%. Encore Wire's revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. 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 Thursday, May 14th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.02 per share on Friday, July 17th. This represents a $0.08 annualized dividend and a dividend yield of 0.17%. The ex-dividend date of this dividend is Wednesday, July 1st. View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 brokers have issued 12 month price targets for Encore Wire's stock. Their forecasts range from $56.00 to $66.00. On average, they expect Encore Wire's stock price to reach $61.00 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price. View analysts' price targets for Encore Wire.

Has Encore Wire been receiving favorable news coverage?

Headlines about WIRE stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Encore Wire earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned news headlines about the electronics maker a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an impact on the stock's share price in the near future. View the latest news aboutEncore Wire.

Are investors shorting Encore Wire?

Encore Wire saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 183,700 shares, a decline of 37.3% from the April 15th total of 293,100 shares. Based on an average trading volume of 138,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the company's shares are short sold. View Encore Wire's Current Options Chain.

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), Ecolab (ECL), General Electric (GE), Gilead Sciences (GILD), Harley-Davidson (HOG) and Helmerich & Payne (HP).

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 56)
  • Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 63)
  • Mr. David K. Smith, VP of Operations (Age 59)
  • 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.29%), Victory Capital Management Inc. (5.58%), Victory Capital Management Inc. (5.57%), Janus Henderson Group PLC (5.24%), Frontier Capital Management Co. LLC (3.99%) and State Street Corp (3.17%). Company insiders that own Encore Wire stock include Frank J Bilban and Matthew D Ford. View institutional ownership trends for Encore Wire.

Which institutional investors are selling Encore Wire stock?

WIRE stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., JPMorgan Chase & Co., Nuveen Asset Management LLC, Thrivent Financial for Lutherans, Morgan Stanley, Morgan Stanley, Hodges Capital Management Inc., and Frontier Capital Management Co. LLC. Company insiders that have sold Encore Wire company stock in the last year include Frank J Bilban, and Matthew D Ford. View insider buying and selling activity for Encore Wire.

Which institutional investors are buying Encore Wire stock?

WIRE stock was acquired by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Matarin Capital Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Skylands Capital LLC, Aviva PLC, BlackRock Inc., and State Street Corp. View insider buying and selling activity for Encore Wire.

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 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 $48.29.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $995.45 million 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 ROAD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.

This page was last updated on 5/29/2020 by MarketBeat.com Staff

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