Should I buy or sell Encore Wire stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 equities research analysts 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 anticipate the company's stock price to reach $273.33 in the next year. 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 shares have increased by 35.3% and is now trading at $288.95. View the best growth stocks for 2024 here .

When is Encore Wire's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024. View our WIRE earnings forecast .

How were Encore Wire's earnings last quarter?

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

How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?

Encore Wire announced a quarterly dividend on Thursday, February 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Thursday, April 4th. 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 0.37%. 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 .

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) , 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) .

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 number of institutional and retail investors. Top institutional investors 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 Chatham Capital Group Inc. (0.11%). 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

NASDAQ:WIRE

Encore Wire (WIRE) Stock Price, News & Analysis

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Free WIRE Stock Alerts

$287.00

-0.23 (-0.08%)

(As of 04:00 PM ET)

Compare

Today's Range: $284.99
▼
$289.09
50-Day Range: $216.59
▼
$291.23
52-Week Range: $138.20
▼
$295.90

Volume: 863,459 shs
Average Volume: 250,902 shs
Market Capitalization: $4.53 billion

P/E Ratio: 13.39
Dividend Yield: 0.03%
Price Target: $273.33

Get Encore Wire alerts:

Encore Wire MarketRank™ Stock Analysis

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 5.4% Downside
$273.33 Price Target
Short Interest: Bearish
20.61% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.30
Based on 26 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.48%
From $16.52 to $17.59 Per Share

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.

0.98 out of 5 stars

Industrial Products Sector

148th out of 166 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

5th out of 5 stocks

1.2

Analyst's Opinion

Consensus Rating
Encore Wire has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Encore Wire has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
20.61% of the float of Encore Wire has been sold short.
Short Interest Ratio / Days to Cover
Encore Wire has a short interest ratio ("days to cover") of 17.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Encore Wire has recently decreased by 9.28%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

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 0.37%. 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 0.45% next year. This indicates that Encore Wire will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WIRE.

2.4

News and Social Media Coverage

News Sentiment
Encore Wire has a news sentiment score of 0.30. 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 0.61 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for Encore Wire this week, compared to 4 articles on an average week.
Search Interest
9 people have searched for WIRE on MarketBeat in the last 30 days. This is an increase of 125% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

1.7

Company Ownership

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 5.55% 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.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Encore Wire are expected to grow by 6.48% in the coming year, from $16.52 to $17.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Encore Wire is 13.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.69.
Price to Earnings Ratio vs. Sector
The P/E ratio of Encore Wire is 13.48, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.73.
Price to Book Value per Share Ratio
Encore 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.

See Top Rated MarketRank™ Stocks Here

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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.

WIRE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WIRE Stock News Headlines

April 18, 2024 | stockhouse.com

Avenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and Prysmian

April 18, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Encore Wire Co. (NASDAQ:WIRE) Raised by DA Davidson

April 18, 2024 | DTI (Ad)

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April 17, 2024 | prnewswire.com

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIRE

April 17, 2024 | businesswire.com

ENCORE 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 - WIRE

April 17, 2024 | msn.com

Sidoti & Co. Downgrades Encore Wire (WIRE)

April 17, 2024 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Reaches New 52-Week High at $285.55

April 17, 2024 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Receives Neutral Rating from DA Davidson

April 18, 2024 | DTI (Ad)

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April 17, 2024 | americanbankingnews.com

Encore Wire (NASDAQ:WIRE) Receives Neutral Rating from Sidoti

April 15, 2024 | marketwatch.com

Encore Wire Shares Rise Premarket on Takeover by Prysmian

April 15, 2024 | markets.businessinsider.com

Encore Wire To Be Bought By Italy's Prysmian In $290/share Cash Deal

April 15, 2024 | bloomberg.com

Prysmian Buys Encore Wire for €3.9 Billion, Its Largest Deal

April 15, 2024 | prnewswire.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

April 15, 2024 | investorplace.com

WIRE Stock Alert: The $4.2 Billion Deal Lifting Encore Wire Today

April 15, 2024 | benzinga.com

M&T Bank Reports Q1 Earnings, Joins Snap One, Encore Wire And Other Big Stocks Moving Higher On Monday

April 15, 2024 | msn.com

Electrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B Deal

April 15, 2024 | finance.yahoo.com

Encore Wire Stock Surges on $4.2 Billion Takeover by Italy’s Prysmian

April 15, 2024 | barrons.com

Encore Wire Stock Surges on $4.2 Billion Takeover by Italy's Prysmian

April 15, 2024 | businesswire.com

WIRE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Encore Wire Corporation Is Fair to Shareholders

April 15, 2024 | prnewswire.com

Shareholder Alert: Ademi LLP investigates whether Encore Wire Corporation has obtained a Fair Price in its transaction with Prysmian

April 15, 2024 | businesswire.com

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

April 11, 2024 | finance.yahoo.com

Why Encore Wire Corporation (NASDAQ:WIRE) Could Be Worth Watching

April 4, 2024 | finance.yahoo.com

Here's What Could Help Encore Wire (WIRE) Maintain Its Recent Price Strength

April 4, 2024 | seekingalpha.com

Carvana, Vroom, BuzzFeed, Encore Wire - Getting Paid To Take Risks With Courage & Conviction Investing

April 3, 2024 | bizjournals.com

Five things: GE's new name, Hotel Alexandria, Everett soccer stadium and more

April 2, 2024 | finance.yahoo.com

Encore Compliance Unveils Advanced Surveillance Technology to Reinforce MNPI and Insider Trading Controls

See More Headlines

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Company Calendar

Ex-Dividend for 1/19 Dividend: 1/04/2024
Dividend Payable: 1/19/2024
Last Earnings: 2/14/2024
Ex-Dividend for 4/19 Dividend: 4/04/2024
Today: 4/18/2024
Dividend Payable: 4/19/2024
Next Earnings (Estimated): 4/23/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $273.33
High Stock Price Target: $295.00
Low Stock Price Target: $235.00
Potential Upside/Downside: -4.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $21.43
Trailing P/E Ratio: 13.40
Forward P/E Ratio: 17.39
P/E Growth: N/A
Net Income: $372.40 million
Net Margins: 14.50%
Pretax Margin: 18.87%
Return on Equity: 20.92%
Return on Assets: 18.72%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 7.56
Quick Ratio: 6.54

Sales & Book Value

Annual Sales: $2.57 billion
Price / Sales: 1.77
Cash Flow: $25.28 per share
Price / Cash Flow: 11.36
Book Value: $110.77 per share
Price / Book: 2.59

Miscellaneous

Outstanding Shares: 15,780,000
Free Float: 14,648,000
Market Cap: $4.53 billion
Optionable: Optionable
Beta: 1.31

Social Links

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Key Executives

Mr. Daniel L. Jones (Age 61)
Chairman, President & CEO
Comp: $7.12M
Mr. Bret J. Eckert (Age 57)
Executive VP, CFO, VP of Finance, Treasurer & Secretary
Comp: $3.54M
Mr. William T. Bigbee
Vice President of Operations
Mr. Kevin M. Keiffer
Vice President of Sales & Marketing
Mr. Matthew D. Ford
Assistant Secretary & Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

WIRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Encore Wire stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 equities research analysts 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 anticipate the company's stock price to reach $273.33 in the next year. 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 shares have increased by 35.3% and is now trading at $288.95.
View the best growth stocks for 2024 here.
When is Encore Wire's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
View our WIRE earnings forecast.
How were Encore Wire's earnings last quarter?: Encore Wire Co. (NASDAQ:WIRE) posted its earnings results on Wednesday, February, 14th. The electronics maker reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.05. The electronics maker earned $633.78 million during the quarter, compared to the consensus estimate of $601.48 million. Encore Wire had a net margin of 14.50% and a trailing twelve-month return on equity of 20.92%. The company's quarterly revenue was down 8.7% on a year-over-year basis. During the same period last year, the company earned $8.28 EPS.
How often does Encore Wire pay dividends? What is the dividend yield for Encore Wire?: Encore Wire announced a quarterly dividend on Thursday, February 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date is Thursday, April 4th.
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 0.37%. 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.

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), 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).
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 number of institutional and retail investors. Top institutional investors 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 Chatham Capital Group Inc. (0.11%).
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 4/18/2024 by MarketBeat.com Staff

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Encore Wire (WIRE) Stock Price, News & Analysis

Encore Wire MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Encore Wire Stock (NASDAQ:WIRE)

WIRE Stock Price History

WIRE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

WIRE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™