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NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$46.24
+0.07 (+0.15 %)
(As of 10/30/2020 09:30 AM ET)
Add
Compare
Today's Range
$46.06
Now: $46.24▼
$46.24
50-Day Range
$45.60
MA: $47.84▼
$49.70
52-Week Range
$38.01
Now: $46.24▼
$60.76
Volume200 shs
Average Volume112,109 shs
Market Capitalization$954.02 million
P/E Ratio16.69
Dividend Yield0.17%
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, 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: 2.3Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.65 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 Ratio16.69
Forward P/E Ratio15.94
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.27 billion
Price / Sales0.75
Cash Flow$3.55 per share
Price / Cash Flow13.03
Book Value$37.17 per share
Price / Book1.24

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$954.02 million
Next Earnings Date2/16/2021 (Estimated)
OptionableOptionable
$46.24
+0.07 (+0.15 %)
(As of 10/30/2020 09:30 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 price 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 (WHO). Since then, WIRE shares have increased by 4.1% and is now trading at $46.24.
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 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, February 16th 2021.
View our earnings forecast for Encore Wire.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Sunday, November, 1st. The electronics maker reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.75 by $0.27. Encore Wire had a net margin of 4.91% and a return on equity of 7.43%.
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, August 4th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.02 per share on Friday, October 16th. This represents a $0.08 annualized dividend and a yield of 0.17%. The ex-dividend date is Thursday, October 1st.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 brokerages have issued 12 month price targets for Encore Wire's shares. Their forecasts range from $56.00 to $59.00. On average, they anticipate Encore Wire's stock price to reach $57.50 in the next twelve months. This suggests a possible upside of 24.4% 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 October. As of October 15th, there was short interest totaling 297,500 shares, an increase of 85.6% from the September 30th total of 160,300 shares. Based on an average daily trading volume, of 90,100 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.5% of the shares of the company 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 Eaton (ETN), Roper Technologies (ROP), Emerson Electric (EMR), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Regal Beloit (RBC), Vicor (VICR), Acuity Brands (AYI), EnerSys (ENS), Franklin Electric (FELE), Brady (BRC) and Belden (BDC).
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 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 institutional and retail investors. Top institutional shareholders include Skylands Capital LLC (0.38%), Hodges Capital Management Inc. (0.27%), Dupont Capital Management Corp (0.10%), WINTON GROUP Ltd (0.07%), Summit Place Financial Advisors LLC (0.06%) and Louisiana State Employees Retirement System (0.05%). 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 WINTON GROUP Ltd, Hodges Capital Management Inc., and Dupont Capital Management Corp.
View insider buying and selling activity for Encore Wire.

Which institutional investors are buying Encore Wire stock?

WIRE stock was bought by a variety of institutional investors in the last quarter, including Skylands Capital LLC, Summit Place Financial Advisors LLC, Louisiana State Employees Retirement System, and Pacer Advisors Inc..
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 $46.24.

How big of a company is Encore Wire?

Encore Wire has a market capitalization of $954.02 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 RD, MCKINNEY TX, 75069. The electronics maker can be reached via phone at 972-562-9473.

This page was last updated on 10/30/2020 by MarketBeat.com Staff
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