Encore Wire (WIRE) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WIRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WIRE, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1-year target prices for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $295.00. On average, they predict the company's share price to reach $273.33 in the next year. This suggests that the stock has a possible downside of 4.8%.
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Encore Wire's stock was trading at $213.60 at the start of the year. Since then, WIRE shares have increased by 34.5% and is now trading at $287.23.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WIRE earnings forecast.

Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Wednesday, February, 14th. The electronics maker reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.05. The electronics maker had revenue of $633.78 million for the quarter, compared to the consensus estimate of $601.48 million. Encore Wire had a trailing twelve-month return on equity of 20.92% and a net margin of 14.50%. Encore Wire's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted $8.28 earnings per share.

Encore Wire announced a quarterly dividend on Thursday, February 15th. Investors of record on Friday, April 5th will be given a dividend of $0.02 per share on Friday, April 19th. This represents a $0.08 annualized dividend and a dividend yield of 0.03%. The ex-dividend date of this dividend is Thursday, April 4th.
Read our dividend analysis for WIRE.

Encore Wire (NASDAQ:WIRE) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.03%. The dividend payout ratio is 0.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WIRE.

ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include The Acquirers Fund (ZIG), First Trust RBA American Industrial Renaissance ETF (AIRR), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco Dorsey Wright Industrials Momentum ETF (PRN), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Quality ETF (XSHQ), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

24 employees have rated Encore Wire Chief Executive Officer Daniel L. Jones on Glassdoor.com. Daniel L. Jones has an approval rating of 59% among the company's employees. This puts Daniel L. Jones in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Hodges Capital Management Inc. (1.83%), Sunbelt Securities Inc. (0.58%), Baker Ellis Asset Management LLC (0.31%), First Dallas Securities Inc. (0.24%), Hennessy Advisors Inc. (0.15%) and Security National Bank (0.09%).
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Shares of WIRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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