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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$54.15
+2.23 (+4.30 %)
(As of 12/4/2020 12:00 AM ET)
Add
Compare
Today's Range
$52.06
Now: $54.15▼
$54.15
50-Day Range
$45.94
MA: $49.76▼
$53.93
52-Week Range
$38.01
Now: $54.15▼
$60.08
Volume82,583 shs
Average Volume110,661 shs
Market Capitalization$1.12 billion
P/E Ratio19.55
Dividend Yield0.15%
Beta1.24
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

Beat the Market (BTM) Rank™

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.64 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
Current SymbolNASDAQ:WIRE
Previous Symbol
CUSIP29256210
CIK850460
Webwww.encorewire.com
Phone972-562-9473
Employees1,380

Debt

Debt-to-Equity RatioN/A
Current Ratio8.92
Quick Ratio7.45

Price-To-Earnings

Trailing P/E Ratio19.55
Forward P/E Ratio18.67
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.27 billion
Price / Sales0.88
Cash Flow$4.16 per share
Price / Cash Flow13.03
Book Value$37.17 per share
Price / Book1.46

Profitability

EPS (Most Recent Fiscal Year)$2.77
Net Income$58.13 million
Net Margins4.91%
Return on Equity7.43%
Return on Assets6.61%

Miscellaneous

Outstanding Shares20,632,000
Market Cap$1.12 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$54.15
+2.23 (+4.30 %)
(As of 12/4/2020 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. Since then, WIRE stock has increased by 21.9% and is now trading at $54.15.
View which stocks have been most impacted by COVID-19.

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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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 winning trading ideas this year 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.

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) released its quarterly earnings results on Sunday, November, 1st. The electronics maker reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.27. The electronics maker had revenue of $339.70 million for the quarter. Encore Wire had a return on equity of 7.43% and a net margin of 4.91%.
View Encore Wire's earnings history.

How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?

Encore Wire declared 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 annualized dividend and a yield of 0.15%. The ex-dividend date is Wednesday, December 30th.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 equities research analysts have issued 1 year price targets for Encore Wire's stock. Their forecasts range from $59.00 to $59.00. On average, they expect Encore Wire's share price to reach $59.00 in the next year. This suggests a possible upside of 9.0% from the stock's current price.
View analysts' price targets for Encore Wire.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest in the month of October. As of October 30th, there was short interest totaling 403,800 shares, an increase of 35.7% from the October 15th total of 297,500 shares. Based on an average trading volume of 90,400 shares, the days-to-cover ratio is presently 4.5 days. Currently, 2.0% of the company's stock are short sold.
View Encore Wire's Short Interest.

Who are some of Encore Wire's key competitors?

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), Acuity Brands (AYI), Vicor (VICR), EnerSys (ENS), Franklin Electric (FELE), FuelCell Energy (FCEL) and Brady (BRC).
View all 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.35%), Victory Capital Management Inc. (6.27%), State Street Corp (3.02%), Granite Investment Partners LLC (1.31%), Thrivent Financial for Lutherans (1.17%) and Charles Schwab Investment Management Inc. (1.09%). 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 BlackRock Inc., WINTON GROUP Ltd, Wells Fargo & Company MN, AQR Capital Management LLC, JPMorgan Chase & Co., State Street Corp, Victory Capital Management Inc., and Hodges Capital Management Inc..
View insider buying and selling activity for Encore Wire.

Which major investors are buying Encore Wire stock?

WIRE stock was bought by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Morgan Stanley, Skylands Capital LLC, Royce & Associates LP, Trexquant Investment LP, Summit Place Financial Advisors LLC, First Trust Advisors LP, and Public Sector Pension Investment Board.
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 $54.15.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $1.12 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 12/4/2020 by MarketBeat.com Staff
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