Encore Wire Stock Forecast, Price & News

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.
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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.

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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.

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

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.

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.

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.

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.

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.

Some companies that are related to Encore Wire include Emerson Electric (EMR), Eaton (ETN), Roper Technologies (ROP), Rockwell Automation (ROK), AMETEK (AME), Enphase Energy (ENPH), Generac (GNRC), II-VI (IIVI), Regal Beloit (RBC), FuelCell Energy (FCEL), Acuity Brands (AYI), Vicor (VICR), EnerSys (ENS), Franklin Electric (FELE) and Brady (BRC).
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 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.

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.

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.

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.

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

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.

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

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