Encore Wire Stock Forecast, Price & News

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 top-rated stocks.

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.
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Encore Wire saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 445,600 shares, an increase of 19.1% from the July 29th total of 374,100 shares. Based on an average daily trading volume, of 127,700 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.2% of the shares of the company are short sold.
View Encore Wire's Short Interest.

Encore Wire is scheduled to release its next quarterly earnings announcement on Tuesday, October 26th 2021.
View our earnings forecast for Encore Wire.

Encore Wire Co. (NASDAQ:WIRE) released its earnings results on Monday, July, 26th. The electronics maker reported $8.82 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $7.44. The electronics maker earned $744.40 million during the quarter, compared to the consensus estimate of $456.52 million. Encore Wire had a trailing twelve-month return on equity of 29.98% and a net margin of 14.11%. The business's quarterly revenue was up 193.5% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS.
View Encore Wire's earnings history.

Encore Wire's stock was trading at $44.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WIRE stock has increased by 104.9% and is now trading at $91.01.
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Encore Wire announced a quarterly dividend on Monday, August 9th. Shareholders of record on Friday, October 1st will be given a dividend of $0.02 per share on Friday, October 15th. This represents a $0.08 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend is Thursday, September 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 0.09%. 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 0.87% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.
View Encore Wire's dividend history.

2 Wall Street analysts have issued 1 year target prices for Encore Wire's shares. Their forecasts range from $65.00 to $80.00. On average, they expect Encore Wire's share price to reach $72.50 in the next twelve months. This suggests that the stock has a possible downside of 20.3%.
View analysts' price targets for Encore Wire or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Encore Wire include Eaton (ETN), Emerson Electric (EMR), Roper Technologies (ROP), Rockwell Automation (ROK), AMETEK (AME), Generac (GNRC), Enphase Energy (ENPH), II-VI (IIVI), Acuity Brands (AYI), Vicor (VICR), Regal Beloit (RBC), Franklin Electric (FELE), EnerSys (ENS), Brady (BRC) and Belden (BDC).
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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.87%), Vanguard Group Inc. (10.26%), Dimensional Fund Advisors LP (7.46%), Victory Capital Management Inc. (6.72%), State Street Corp (3.37%) and Barrow Hanley Mewhinney & Strauss LLC (3.01%). 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 BlackRock Inc., Frontier Capital Management Co. LLC, Victory Capital Management Inc., Thrivent Financial for Lutherans, Monarch Partners Asset Management LLC, Invesco Ltd., Barrow Hanley Mewhinney & Strauss LLC, and Bank of America Corp DE.
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 FMR LLC, Goldman Sachs Group Inc., First Trust Advisors LP, Vanguard Group Inc., Baker Ellis Asset Management LLC, State Street Corp, Gendell Jeffrey L, and Prudential Financial Inc..
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.
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One share of WIRE stock can currently be purchased for approximately $91.01.

Encore Wire has a market capitalization of $1.88 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.

Encore Wire employs 1,289 workers across the globe.

The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.

Encore Wire was founded in 1989.

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

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

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