NASDAQ:WIRE Encore Wire (WIRE) Stock Price, News & Analysis → BlackRock Bets Big on Tiny Biotech (From Behind the Markets) (Ad) Free WIRE Stock Alerts $229.68 +4.04 (+1.79%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$222.39▼$233.8250-Day Range$209.52▼$245.6852-Week Range$138.20▼$250.00Volume164,279 shsAverage Volume188,498 shsMarket Capitalization$3.62 billionP/E Ratio10.72Dividend Yield0.03%Price Target$237.50 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Encore Wire alerts: Email Address Encore Wire MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside3.4% Upside$237.50 Price TargetShort InterestBearish22.82% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.47Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth6.48%From $16.52 to $17.59 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.1.10 out of 5 starsIndustrial Products Sector163rd out of 176 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry5th out of 6 stocks 1.5 Analyst's Opinion Consensus RatingEncore Wire has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $237.50, Encore Wire has a forecasted upside of 3.4% from its current price of $229.68.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted22.82% 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 17.7, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently decreased by 0.30%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldEncore Wire has a dividend yield of 0.04%, 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 0.37%. 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 0.45% next year. This indicates that Encore Wire will be able to sustain or increase its 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 2.5 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Encore Wire this week, compared to 4 articles on an average week.Search InterestOnly 4 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -73% compared to the previous 30 days.MarketBeat Follows11 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 120% 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 5.55% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Encore Wire is 10.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 10.72, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 19.12.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Colonial MetalsCentral Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.That's why we have released our Free Precious Metals Investment Guide. 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 HeadlinesMarch 16, 2024 | finance.yahoo.comWIRE Apr 2024 350.000 callMarch 16, 2024 | theguardian.comYard Act review – a punk-funk workout for overthinkersMarch 19, 2024 | Crypto 101 Media (Ad)Like Tiny Crypto Retirement FundsThe crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds. March 16, 2024 | americanbankingnews.comStockNews.com Upgrades Encore Wire (NASDAQ:WIRE) to BuyMarch 11, 2024 | usatoday.comCormac Ryan leads UNC basketball past Duke, Tar Heels win outright ACC championshipMarch 11, 2024 | investorplace.comShorting the Shorts: 3 Stocks Primed for an Epic SqueezeMarch 9, 2024 | msn.comAeroVironment soars to top industrial gainer of week, Encore Wire sees loser tagFebruary 28, 2024 | seekingalpha.comEncore Wire: Raising My Price Target To $300, As The Shorts Are TrappedMarch 19, 2024 | Colonial Metals (Ad)Central Bank Gold Heist In ProgressWhen central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.February 24, 2024 | msn.comEncore Wire (WIRE) Price Target Increased by 20.39% to 293.08February 21, 2024 | finance.yahoo.comIs Applied DNA Sciences (APDN) Outperforming Other Industrial Products Stocks This Year?February 20, 2024 | investorplace.com3 Zero-Debt Stocks to Buy for Stability and GrowthFebruary 18, 2024 | msn.comNew Taxation & Government Incentives Risk for Encore Wire Corp – What’s the Latest?February 17, 2024 | finance.yahoo.comEarnings Update: Here's Why Analysts Just Lifted Their Encore Wire Corporation (NASDAQ:WIRE) Price Target To US$287February 15, 2024 | finance.yahoo.comEncore Wire Announces Cash DividendFebruary 15, 2024 | businesswire.comEncore Wire Announces Cash DividendFebruary 15, 2024 | finance.yahoo.comEncore Wire Full Year 2023 Earnings: Revenues Beat Expectations, EPS In LineFebruary 15, 2024 | finance.yahoo.comEncore Wire Corporation (NASDAQ:WIRE) Q4 2023 Earnings Call TranscriptFebruary 13, 2024 | wsj.comEncore Wire Corp.February 13, 2024 | finance.yahoo.comEncore Wire Reports Strong Fourth Quarter and Full Year 2023 ResultsFebruary 13, 2024 | finance.yahoo.comEncore Wire Corp Reports Record Copper Shipments in Q4, Despite Lower Annual Net Sales and Net ...February 13, 2024 | businesswire.comEncore Wire Reports Strong Fourth Quarter and Full Year 2023 ResultsFebruary 10, 2024 | uk.finance.yahoo.comEncore Wire Corporation (WIRE)February 7, 2024 | finance.yahoo.comEncore Wire Announces Earnings Release Date and Conference Call DetailsFebruary 3, 2024 | yahoo.comGaz : La facture des Français va (encore) s’alourdir en juilletJanuary 31, 2024 | finance.yahoo.comEncore Wire (WIRE) Sees a More Significant Dip Than Broader Market: Some Facts to KnowJanuary 25, 2024 | finance.yahoo.comEncore Wire (WIRE) Beats Stock Market Upswing: What Investors Need to KnowSee 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 1/19 Dividend1/04/2024Dividend Payable1/19/2024Last Earnings2/14/2024Today3/18/2024Ex-Dividend for 4/19 Dividend4/04/2024Dividend Payable4/19/2024Next Earnings (Estimated)4/23/2024Fiscal 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$237.50 High Stock Price Target$240.00 Low Stock Price Target$235.00 Potential Upside/Downside+3.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$21.43 Trailing P/E Ratio10.72 Forward P/E Ratio13.90 P/E GrowthN/ANet Income$372.40 million Net Margins14.50% Pretax Margin18.87% Return on Equity20.92% Return on Assets18.72% Debt Debt-to-Equity RatioN/A Current Ratio7.56 Quick Ratio6.54 Sales & Book Value Annual Sales$2.57 billion Price / Sales1.41 Cash Flow$26.55 per share Price / Cash Flow8.65 Book Value$110.77 per share Price / Book2.07Miscellaneous Outstanding Shares15,760,000Free Float14,889,000Market Cap$3.62 billion OptionableOptionable Beta1.30 Social Links 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. Daniel L. Jones (Age 61)Chairman, President & CEO Comp: $7.12MMr. Bret J. Eckert (Age 57)Executive VP, CFO, VP of Finance, Treasurer & Secretary Comp: $3.54MMr. William T. BigbeeVice President of OperationsMr. Kevin M. KeifferVice President of Sales & MarketingMr. Matthew D. FordAssistant Secretary & ControllerKey CompetitorsArconicNYSE:ARNCKaiser AluminumNASDAQ:KALUQuanex Building ProductsNYSE:NXMueller IndustriesNYSE:MLIHillenbrandNYSE:HIView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 840 shares on 3/15/2024Ownership: 0.090%Hennessy Advisors Inc.Bought 16,400 shares on 3/14/2024Ownership: 0.104%Vanguard Group Inc.Sold 119,711 shares on 3/11/2024Ownership: 10.852%Goldman Sachs Group Inc.Sold 20,789 shares on 3/1/2024Ownership: 2.232%American International Group Inc.Sold 610 shares on 2/28/2024Ownership: 0.052%View All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WIRE shares. View WIRE analyst ratings or view top-rated stocks. What is Encore Wire's stock price target for 2024? 1 equities research analysts have issued 1 year target prices for Encore Wire's shares. Their WIRE share price targets range from $235.00 to $240.00. On average, they expect the company's stock price to reach $237.50 in the next year. This suggests a possible upside of 3.4% from the stock's current price. 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 start of the year. Since then, WIRE shares have increased by 7.5% and is now trading at $229.68. 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) issued its quarterly earnings results on Wednesday, February, 14th. The electronics maker reported $4.10 earnings per share (EPS) for the quarter, beating 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 business's revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $8.28 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 Thursday, February 15th. Investors 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 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 0.04%. 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 First Trust RBA American Industrial Renaissance ETF (AIRR), Cambria Value and Momentum ETF (VAMO), Invesco S&P SmallCap Industrials ETF (PSCI), Pacer US Small Cap Cash Cows 100 ETF (CALF), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), EA Series Trust - Euclidean Fundamental Value ETF (ECML), Invesco S&P SmallCap Quality ETF (XSHQ) and ETC 6 Meridian Small Cap Equity ETF (SIXS). 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.84%), Vanguard Group Inc. (10.85%), Dimensional Fund Advisors LP (8.36%), LSV Asset Management (3.60%), Pacer Advisors Inc. (2.99%) and Westwood Holdings Group Inc. (2.41%). 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 3/19/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial Metals8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressLike Tiny Crypto Retirement FundsCrypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceDid you make $29,000 two days with AI options trades?Prosper Trading AcademyThe world’s greatest investmentPorter & CompanyForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill Publishing Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Encore Wire Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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