Encore Wire Corporation manufactures and sells electrical building wire and cable products for interior electrical wiring in the United States. Its products include NM-B cable 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 markets its products primarily through independent manufacturers' representatives to wholesale electrical distributors. Encore Wire Corporation was founded in 1989 and is headquartered in McKinney, Texas.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryElectrical Components & Equipment
SectorIndustrial Products
SymbolNASDAQ:WIRE
CUSIP29256210
Phone972-562-9473
Debt
Debt-to-Equity RatioN/A
Current Ratio7.48
Quick Ratio5.91
Price-To-Earnings
Trailing P/E Ratio19.23
Forward P/E Ratio18.19
P/E Growth1.88
Sales & Book Value
Annual Sales$1.16 billion
Price / Sales0.90
Cash Flow$3.2597 per share
Price / Cash15.40
Book Value$30.81 per share
Price / Book1.63
Profitability
EPS (Most Recent Fiscal Year)$2.61
Net Income$67.01 million
Net Margins5.89%
Return on Equity9.21%
Return on Assets8.08%
Miscellaneous
Employees1,235
Outstanding Shares20,850,000
Market Cap$1.08 billion
Encore Wire (NASDAQ:WIRE) Frequently Asked Questions
What is Encore Wire's stock symbol?
Encore Wire trades on the NASDAQ under the ticker symbol "WIRE."
How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?
Encore Wire announced a quarterly dividend on Thursday, August 9th. Investors of record on Friday, October 5th will be paid a dividend of $0.02 per share on Friday, October 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, October 4th. View Encore Wire's Dividend History.
How were Encore Wire's earnings last quarter?
Encore Wire Co. (NASDAQ:WIRE) issued its quarterly earnings data on Wednesday, August, 1st. The electronics maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.63 by $0.23. The electronics maker had revenue of $336.79 million for the quarter, compared to analyst estimates of $336.08 million. Encore Wire had a net margin of 5.89% and a return on equity of 9.21%. View Encore Wire's Earnings History.
When is Encore Wire's next earnings date?
What price target have analysts set for WIRE?
2 brokerages have issued twelve-month price targets for Encore Wire's shares. Their forecasts range from $58.00 to $60.00. On average, they expect Encore Wire's stock price to reach $59.00 in the next year. This suggests a possible upside of 17.5% from the stock's current price. View Analyst Price Targets for Encore Wire.
What is the consensus analysts' recommendation for 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.
Who are some of Encore Wire's key competitors?
Who are Encore Wire's key executives?
Encore Wire's management team includes the folowing people:
- Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 55)
- Mr. Frank J. Bilban, VP of Fin., Treasurer, Sec. & CFO (Age 62)
- Mr. David K. Smith, VP of Operations (Age 58)
- Mr. Kevin M. Keiffer, VP of Sales & Marketing
- Mr. Matthew D. Ford, Assistant Sec. and Controller
Has Encore Wire been receiving favorable news coverage?
Headlines about WIRE stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encore Wire earned a media and rumor sentiment score of 0.18 on Accern's scale. They also assigned press coverage about the electronics maker an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Encore Wire.
Who are Encore Wire's major shareholders?
Encore Wire's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.44%), Dimensional Fund Advisors LP (8.39%), Victory Capital Management Inc. (5.71%), Janus Henderson Group PLC (5.66%), Frontier Capital Management Co. LLC (4.89%) and Hodges Capital Management Inc. (3.55%). 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 United Services Automobile Association, Hodges Capital Management Inc., Royce & Associates LP, Frontier Capital Management Co. LLC, GSA Capital Partners LLP, Bank of New York Mellon Corp, Bank of New York Mellon Corp and Russell Investments Group Ltd.. 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 for Encore Wire.
Which major investors are buying Encore Wire stock?
WIRE stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Victory Capital Management Inc., Heartland Advisors Inc., Northern Trust Corp, Millennium Management LLC, Schwab Charles Investment Management Inc., Mutual of America Capital Management LLC and Dean Investment Associates LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Encore Wire's stock price today?
One share of WIRE stock can currently be purchased for approximately $50.20.
How big of a company is Encore Wire?
Encore Wire has a market capitalization of $1.08 billion and generates $1.16 billion in revenue each year. The electronics maker earns $67.01 million in net income (profit) each year or $2.61 on an earnings per share basis. Encore Wire employs 1,235 workers across the globe.
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.
MarketBeat Community Rating for Encore Wire (NASDAQ WIRE)
MarketBeat's community ratings are surveys of what our community members think about Encore Wire and other stocks. Vote "Outperform" if you believe WIRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WIRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
