Encore Wire (WIRE) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $289.84 to $289.84
• 50-Day Range: $288.35 to $289.84
• 52-Week Range: $150.51 to $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

WIRE Stock Analysis - Frequently Asked Questions

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) released its quarterly earnings data on Tuesday, April, 23rd. The electronics maker reported $3.92 earnings per share for the quarter, beating the consensus estimate of $3.65 by $0.27. The company's revenue was down 4.2% compared to the same quarter last year.

Does Encore Wire have any subsidiaries?

Encore Wire subsidiaries include these companies: EWC Aviation Corporation.

Who are Encore Wire's major shareholders?

Top institutional shareholders of Encore Wire include Blue Trust Inc. (0.01%), Jane Street Group LLC, Walleye Trading LLC and Walleye Capital LLC.
View institutional ownership trends.

What other stocks do shareholders of Encore Wire own?

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: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Rolling, drawing, & extruding of nonferrous metals
• Sub-Industry: Electrical Components & Equipment
• Current Symbol: NASDAQ:WIRE
• CUSIP: 29256210
• CIK: 850460
• Web: www.encorewire.com
• Phone: (972) 562-9473
• Fax: 972-562-3644
• 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

• EPS (Most Recent Fiscal Year): $18.85
• Trailing P/E Ratio: 15.38
• Forward P/E Ratio: 13.65
• P/E Growth: N/A
• Net Income: $372.40 million
• Net Margins: 12.45%
• Pretax Margin: 16.19%
• Return on Equity: 17.77%
• Return on Assets: 15.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 7.49
• Quick Ratio: 6.46

Sales & Book Value

• Annual Sales: $2.54 billion
• Price / Sales: 1.80
• Cash Flow: $25.63 per share
• Price / Cash Flow: 11.31
• Book Value: $110.77 per share
• Price / Book: 2.62

Miscellaneous

• Outstanding Shares: 15,797,000
• Free Float: 14,660,000
• Market Cap: $4.58 billion
• Optionable: Optionable
• Beta: 1.19