NASDAQ:WIRE

Encore Wire Stock Forecast, Price & News

$71.42
+0.94 (+1.33 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$69.80
$71.89
50-Day Range
$67.07
$82.83
52-Week Range
$45.32
$84.01
Volume112,327 shs
Average Volume108,563 shs
Market Capitalization$1.47 billion
P/E Ratio14.94
Dividend Yield0.11%
Beta1.13
30 days | 90 days | 365 days | Advanced Chart
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Encore Wire logo

About Encore Wire

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 and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-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 incorporated in 1989 and is headquartered in McKinney, Texas.

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MarketRank

Overall MarketRank

1.75 out of 5 stars

Industrial Products Sector

127th out of 428 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

4th out of 10 stocks

Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Encore Wire (NASDAQ:WIRE) Frequently Asked Questions

Is Encore Wire a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Encore Wire stock.
View analyst ratings for Encore Wire
or view top-rated stocks.

What stocks does MarketBeat like better than Encore Wire?

Wall Street analysts have given Encore Wire a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Encore Wire wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Encore Wire?

Encore Wire saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 348,900 shares, an increase of 30.5% from the June 30th total of 267,400 shares. Based on an average daily trading volume, of 109,100 shares, the short-interest ratio is currently 3.2 days. Approximately 1.7% of the company's stock are sold short.
View Encore Wire's Short Interest
.

When is Encore Wire's next earnings date?

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Encore Wire
.

How can I listen to Encore Wire's earnings call?

Encore Wire will be holding an earnings conference call on Wednesday, July 28th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Sunday, April, 25th. The electronics maker reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.88 by $1.11. The electronics maker earned $444.10 million during the quarter, compared to the consensus estimate of $384.57 million. Encore Wire had a net margin of 6.96% and a trailing twelve-month return on equity of 11.88%. Encore Wire's revenue was up 46.6% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS.
View Encore Wire's earnings history
.

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 stock has increased by 60.8% and is now trading at $71.42.
View which stocks have been most impacted by COVID-19
.

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

Encore Wire declared a quarterly dividend on Wednesday, May 5th. Investors of record on Friday, July 2nd will be given a dividend of $0.02 per share on Friday, July 16th. This represents a $0.08 dividend on an annualized basis and a yield of 0.11%. The ex-dividend date of this dividend is Thursday, July 1st.
View Encore Wire's dividend history
.

Is Encore Wire a good dividend stock?

Encore Wire pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.11%. Encore Wire does not yet have a strong track record of dividend growth. The dividend payout ratio of Encore Wire is 2.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Encore Wire will have a dividend payout ratio of 1.55% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

What price target have analysts set for WIRE?

2 brokers have issued twelve-month target prices for Encore Wire's shares. Their forecasts range from $65.00 to $80.00. On average, they anticipate Encore Wire's share price to reach $72.50 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price.
View analysts' price targets for Encore Wire
or view top-rated stocks among Wall Street analysts.

Who are Encore Wire's key executives?

Encore Wire's management team includes the following people:
  • Mr. Daniel L. Jones, Chairman, Pres & CEO (Age 58, Pay $2.36M)
  • Mr. Bret J. Eckert, CFO, VP of Fin., Treasurer & Sec. (Age 54, Pay $1.02M)
  • Mr. David K. Smith, VP of Operations (Age 61)
  • Mr. William T. Bigbee, VP of Operations
  • Mr. Kevin M. Keiffer, VP of Sales & Marketing
  • Mr. Matthew D. Ford, Assistant Sec. & Controller

What is Daniel L. Jones' approval rating as Encore Wire's CEO?

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.

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), Advanced Micro Devices (AMD), Commercial Metals (CMC), Ecolab (ECL), Eastman Chemical (EMN) and General Electric (GE).

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 Hodges Capital Management Inc. (0.27%) and State of Alaska Department of Revenue (0.07%). 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 buying Encore Wire stock?

WIRE stock was bought by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for Encore Wire
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Encore Wire's stock price today?

One share of WIRE stock can currently be purchased for approximately $71.42.

How much money does Encore Wire make?

Encore Wire has a market capitalization of $1.47 billion and generates $1.28 billion in revenue each year. The electronics maker earns $76.07 million in net income (profit) each year or $3.68 on an earnings per share basis.

How many employees does Encore Wire have?

Encore Wire employs 1,289 workers across the globe.

What is Encore Wire's official website?

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

Where are Encore Wire's headquarters?

Encore Wire is headquartered at 1329 MILLWOOD RD, MCKINNEY TX, 75069.

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 7/27/2021 by MarketBeat.com Staff
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