NASDAQ:WIRE Encore Wire (WIRE) Stock Price, News & Analysis → Don’t make this retirement mistake (From Sasco Gold LLC) (Ad) Free WIRE Stock Alerts $288.90 +0.20 (+0.07%) (As of 06/10/2024 ET) Add Compare Share Share Today's Range$288.65▼$289.1050-Day Range$258.30▼$291.2352-Week Range$150.51▼$295.90Volume510,085 shsAverage Volume271,943 shsMarket Capitalization$4.56 billionP/E Ratio15.33Dividend Yield0.03%Price Target$273.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Encore Wire alerts: Email Address Encore Wire MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside5.4% Downside$273.33 Price TargetShort InterestHealthy5.44% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.65Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth10.36%From $21.24 to $23.44 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.86 out of 5 starsIndustrial Products Sector142nd out of 163 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry5th out of 5 stocks 1.0 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageEncore Wire has only been the subject of 3 research reports in the past 90 days.Read more about Encore Wire's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted5.44% of the float of Encore Wire has been sold short.Short Interest Ratio / Days to CoverEncore Wire has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Encore Wire has recently decreased by 24.61%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEncore Wire does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Encore Wire is 0.42%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Encore Wire will have a dividend payout ratio of 0.34% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.Read more about Encore Wire's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WIRE. Previous Next 2.6 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.93 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Encore Wire this week, compared to 4 articles on an average week.Search InterestOnly 6 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.MarketBeat Follows6 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Encore Wire insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 7.20% of the stock of Encore Wire is held by insiders.Percentage Held by Institutions99.82% of the stock of Encore Wire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Encore Wire's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to grow by 10.36% in the coming year, from $21.24 to $23.44 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 15.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.85.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 15.33, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.88.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Encore Wire's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Sasco Gold LLCDon’t make this retirement mistakeIf you have over $100,000 in your 401K or IRA… Then listen closely… Your money is rotting away, and you might not even realize it.Reserve your seat here. About Encore Wire Stock (NASDAQ:WIRE)Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables. The company's products are used to distribute power from the transmission grid to the wall outlet or switch. It sells its products to wholesale electrical distributors through independent manufacturers' representatives for residential, commercial, industrial, and renewable energy sectors. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.Read More WIRE Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WIRE Stock News HeadlinesJune 5, 2024 | globenewswire.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AKLI, WIRE on Behalf of ShareholdersJune 5, 2024 | globenewswire.comSTOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREJune 4, 2024 | prnewswire.comSTOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIREJune 4, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Coverage Initiated by Analysts at StockNews.comJune 2, 2024 | americanbankingnews.comShort Interest in Encore Wire Co. (NASDAQ:WIRE) Declines By 24.6%June 1, 2024 | gurufocus.comEncore Wire, the Prysmian Buyout, and Next PicksMay 31, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Shares Gap Up to $277.87May 10, 2024 | businesswire.comENCORE WIRE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Encore Wire Corporation - WIREMay 9, 2024 | finance.yahoo.comUPDATE 2-Italy's Prysmian aims to deliver Encore deal benefits fasterMay 9, 2024 | finance.yahoo.comUPDATE 1-Italy's Prysmian posts higher Q1 margin, sees FY results at upper end of forecastsApril 26, 2024 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Industrial Goods Stocks: Encore Wire (WIRE) and Crane Company (CR)April 23, 2024 | investorplace.comWIRE Stock Earnings: Encore Wire Beats EPS, Beats Revenue for Q1 2024April 23, 2024 | gurufocus.comEncore Wire Corp (WIRE) Reports Q1 Earnings: A Close Call with Analyst EstimatesApril 23, 2024 | businesswire.comEncore Wire Reports First Quarter ResultsApril 21, 2024 | msn.comCJS Securities Downgrades Encore Wire (WIRE)April 18, 2024 | stockhouse.comAvenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and PrysmianApril 17, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIREApril 17, 2024 | businesswire.comENCORE WIRE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Encore Wire Corporation - WIREApril 17, 2024 | msn.comSidoti & Co. Downgrades Encore Wire (WIRE)April 15, 2024 | marketwatch.comEncore Wire Shares Rise Premarket on Takeover by PrysmianApril 15, 2024 | markets.businessinsider.comEncore Wire To Be Bought By Italy's Prysmian In $290/share Cash DealApril 15, 2024 | bloomberg.comPrysmian Buys Encore Wire for €3.9 Billion, Its Largest DealApril 15, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRDApril 15, 2024 | investorplace.comWIRE Stock Alert: The $4.2 Billion Deal Lifting Encore Wire TodayApril 15, 2024 | benzinga.comM&T Bank Reports Q1 Earnings, Joins Snap One, Encore Wire And Other Big Stocks Moving Higher On MondaySee More Headlines Receive WIRE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Encore Wire and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 4/19 Dividend4/04/2024Dividend Payable4/19/2024Last Earnings4/23/2024Today6/10/2024Ex-Dividend for 7/19 Dividend7/05/2024Dividend Payable7/19/2024Next Earnings (Estimated)7/23/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorIndustrial Products Industry Rolling, drawing, & extruding of nonferrous metals Sub-IndustryElectrical Components & Equipment Current SymbolNASDAQ:WIRE CUSIP29256210 CIK850460 Webwww.encorewire.com Phone(972) 562-9473Fax972-562-3644Employees1,629Year Founded1989Price Target and Rating Average Stock Price Target$273.33 High Stock Price Target$295.00 Low Stock Price Target$235.00 Potential Upside/Downside-5.4%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$18.85 Trailing P/E Ratio15.33 Forward P/E Ratio13.60 P/E GrowthN/ANet Income$372.40 million Net Margins12.45% Pretax Margin16.19% Return on Equity17.77% Return on Assets15.81% Debt Debt-to-Equity RatioN/A Current Ratio7.49 Quick Ratio6.46 Sales & Book Value Annual Sales$2.57 billion Price / Sales1.78 Cash Flow$25.66 per share Price / Cash Flow11.26 Book Value$110.77 per share Price / Book2.61Miscellaneous Outstanding Shares15,800,000Free Float14,660,000Market Cap$4.57 billion OptionableOptionable Beta1.23 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Daniel L. Jones (Age 61)Chairman, President & CEO Comp: $8.8MMr. Bret J. Eckert (Age 57)Executive VP, CFO, VP of Finance, Treasurer & Secretary Comp: $4.42MMr. William T. BigbeeVice President of Operations and R&D ServicesDavid R. McAteeGeneral CounselKevin M. HeffernanVice President of Sales & MarketingRob E. CailletVice President of Human Resources and Environmental, Health, & SafetyMr. Matthew D. FordAssistant Secretary & ControllerMore ExecutivesKey CompetitorsArconicNYSE:ARNCEnphase EnergyNASDAQ:ENPHGeneracNYSE:GNRCAcuity BrandsNYSE:AYIFranklin ElectricNASDAQ:FELEView All CompetitorsInstitutional OwnershipWestwood Holdings Group Inc.Sold 338,105 shares on 6/6/2024Ownership: 0.270%DekaBank Deutsche GirozentraleSold 5,042 shares on 6/4/2024Ownership: 0.280%Ogborne Capital Management LLCBought 6,703 shares on 5/31/2024Ownership: 0.288%Boston PartnersBought 119,677 shares on 5/28/2024Ownership: 0.757%Teachers Retirement System of The State of KentuckySold 1,000 shares on 5/28/2024Ownership: 0.033%View All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 3 hold ratings 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. View WIRE analyst ratings or view top-rated stocks. What is Encore Wire's stock price target for 2024? 3 brokerages have issued 12 month price targets for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $295.00. On average, they predict the company's stock price to reach $273.33 in the next twelve months. This suggests that the stock has a possible downside of 5.4%. View analysts price targets for WIRE or view top-rated stocks among Wall Street analysts. How have WIRE shares performed in 2024? Encore Wire's stock was trading at $213.60 at the beginning of the year. Since then, WIRE stock has increased by 35.3% and is now trading at $288.90. View the best growth stocks for 2024 here. Are investors shorting Encore Wire? Encore Wire saw a decline in short interest in May. As of May 15th, there was short interest totaling 799,100 shares, a decline of 24.6% from the April 30th total of 1,060,000 shares. Based on an average trading volume of 298,400 shares, the days-to-cover ratio is presently 2.7 days. Approximately 5.4% of the shares of the stock are sold short. View Encore Wire's Short Interest. When is Encore Wire's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024. View our WIRE earnings forecast. How were Encore Wire's earnings last quarter? Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings results on Tuesday, April, 23rd. The electronics maker reported $3.92 EPS for the quarter, beating analysts' consensus estimates of $3.65 by $0.27. The electronics maker earned $632.66 million during the quarter, compared to the consensus estimate of $579.64 million. Encore Wire had a net margin of 12.45% and a trailing twelve-month return on equity of 17.77%. The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.50 earnings per share. How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire? Encore Wire declared a quarterly dividend on Wednesday, May 15th. Stockholders of record on Friday, July 5th will be paid a dividend of $0.02 per share on Friday, July 19th. This represents a $0.08 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date is Friday, July 5th. Read our dividend analysis for WIRE. Is Encore Wire a good dividend stock? 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 0.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WIRE will have a dividend payout ratio of 0.34% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for WIRE. What ETFs hold Encore Wire's stock? ETFs with the largest weight of Encore Wire (NASDAQ:WIRE) stock in their portfolio include The Acquirers Fund (ZIG), Inspire Faithward Mid Cap Momentum ETF (GLRY), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Invesco S&P SmallCap 600 GARP ETF (GRPZ), ProShares Merger ETF (MRGR), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco Dorsey Wright Industrials Momentum ETF (PRN) and IQ Merger Arbitrage ETF (MNA). What is Daniel L. Jones' approval rating as Encore Wire's CEO? 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. 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 major shareholders? Encore Wire's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.78%), LSV Asset Management (3.38%), Hodges Capital Management Inc. (1.83%), Janus Henderson Group PLC (1.42%), Boston Partners (0.76%) and Vaughan Nelson Investment Management L.P. (0.60%). View institutional ownership trends. How do I buy shares of Encore Wire? 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. Compare Top Brokerages Here. Does Encore Wire have any subsidiaries? The following companies are subsidiares of Encore Wire: EWC Aviation Corporation.Read More This page (NASDAQ:WIRE) was last updated on 6/10/2024 by MarketBeat.com Staff From Our PartnersBill Clinton Backing Biden Replacement???Do you want to see who I believe will be the next president of the U.S.A? 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