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

Encore Wire Stock Analysis - 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.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 10.36%

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 129.53.

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 20.18.

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

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for WIRE.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for WIRE.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: 0.44

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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

WIRE Stock Analysis - Frequently Asked Questions

How were Encore Wire's earnings last quarter?

Encore Wire Co. (NASDAQ:WIRE) announced its quarterly earnings data on Tuesday, April, 23rd. The electronics maker reported $3.92 earnings per share for the quarter, beating analysts' consensus estimates of $3.65 by $0.27. The company's revenue was down 4.2% on a year-over-year basis.

Does Encore Wire have any subsidiaries?

Encore Wire subsidiaries include EWC Aviation Corporation.

Who are Encore Wire's major shareholders?

Encore Wire's top institutional shareholders include Blue Trust Inc. (0.01%).
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: 11/05/2024
• 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