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NASDAQ:WIRE

Encore Wire (WIRE) Stock Price, News & Analysis

Encore Wire logo

About Encore Wire Stock (NASDAQ:WIRE)

Key Stats

Today's Range
$289.84
$289.84
50-Day Range
$288.35
$289.84
52-Week Range
$150.51
$295.90
Volume
266 shs
Average Volume
318,575 shs
Market Capitalization
$4.58 billion
P/E Ratio
15.38
Dividend Yield
0.03%
Price Target
$292.50
Consensus Rating
Hold

Company Overview

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.

Encore Wire Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
27th Percentile Overall Score

WIRE MarketRank™: 

Encore Wire scored higher than 27% of companies evaluated by MarketBeat, and ranked 154th out of 177 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Encore 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 Coverage

    Encore Wire has received no research coverage in the past 90 days.

  • Read more about Encore Wire's stock forecast and price target.
  • Earnings Growth

    Earnings 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 Market

    The P/E ratio of Encore Wire is 15.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Encore Wire is 15.38, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.13.

  • Price to Book Value per Share Ratio

    Encore Wire has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for WIRE.
  • Dividend Yield

    Encore Wire has a dividend yield of 0.03%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Encore Wire does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Encore Wire is 0.42%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based 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.
  • Short Interest

    There is no current short interest data available for WIRE.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Encore Wire this week, compared to 4 articles on an average week.
  • Search Interest

    4 people have searched for WIRE on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Encore Wire insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 7.20% of the stock of Encore Wire is held by insiders.

  • Percentage Held by Institutions

    99.82% 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.
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WIRE Stock News Headlines

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WIRE Stock Analysis - Frequently Asked Questions

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 company's revenue for the quarter was down 4.2% compared to the same quarter last year.

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

Encore Wire's top institutional investors include Blue Trust Inc. (0.01%).
View institutional ownership trends
.

Based on aggregate information from My MarketBeat watchlists, some other companies that Encore Wire investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), McKesson (MCK), Charles Schwab (SCHW), Comcast (CMCSA), Edwards Lifesciences (EW) and Toronto-Dominion Bank (TD).

Company Calendar

Last Earnings
4/23/2024
Today
11/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:WIRE
CUSIP
29256210
Employees
1,629
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$292.50
High Stock Price Target
$295.00
Low Stock Price Target
$290.00
Potential Upside/Downside
+0.9%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$372.40 million
Pretax Margin
16.19%

Debt

Sales & Book Value

Annual Sales
$2.54 billion
Cash Flow
$25.63 per share
Book Value
$110.77 per share

Miscellaneous

Free Float
14,660,000
Market Cap
$4.58 billion
Optionable
Optionable
Beta
1.19

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This page (NASDAQ:WIRE) was last updated on 11/5/2024 by MarketBeat.com Staff
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