NASDAQ:WIRE Encore Wire (WIRE) Stock Price, News & Analysis → “The Stock Market’s Bull Run is Far from Over” -Barrons (From Vertical Research Advisory) (Ad) Free WIRE Stock Alerts $262.78 +9.59 (+3.79%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$253.94▼$264.0150-Day Range$212.00▼$262.7852-Week Range$138.20▼$264.01Volume220,867 shsAverage Volume183,791 shsMarket Capitalization$4.15 billionP/E Ratio12.26Dividend 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/Downside9.6% Downside$237.50 Price TargetShort InterestBearish22.75% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.82Based on 8 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.1.28 out of 5 starsIndustrial Products Sector150th out of 171 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry4th 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 downside of 9.6% from its current price of $262.78.Amount of Analyst CoverageEncore Wire has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted22.75% 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 18.5, 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 0.03%, 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 3.2 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.82. 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 higher news sentiment than the 0.60 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Encore Wire this week, compared to 4 articles on an average week.Search InterestOnly 5 people have searched for WIRE on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.MarketBeat Follows7 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 17% 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 12.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.41.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 12.26, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.73.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.37. 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 Vertical Research Advisory“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!Click here for all the details now… 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 28, 2024 | msn.comCelebrating Deep Purple and 50 years of 'Smoke on the Water' classicMarch 28, 2024 | sports.yahoo.comThe most important concept cars ever createdMarch 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!March 28, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Hits New 12-Month High at $250.00March 22, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Lowered to Hold at StockNews.comMarch 21, 2024 | finance.yahoo.comEncore Wire's (NASDAQ:WIRE) 33% CAGR outpaced the company's earnings growth over the same five-year periodMarch 16, 2024 | finance.yahoo.comWIRE Apr 2024 350.000 callMarch 16, 2024 | theguardian.comYard Act review – a punk-funk workout for overthinkersMarch 29, 2024 | Vertical Research Advisory (Ad)“The Stock Market’s Bull Run is Far from Over” -BarronsBarron's reports that the "stock market's bull run is FAR from over…" And recent economic growth will fuel the price of select stocks in the coming months!March 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 TrappedFebruary 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)See 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 Earnings2/14/2024Today3/28/2024Ex-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-9.6%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$21.43 Trailing P/E Ratio12.26 Forward P/E Ratio15.91 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 / Sales1.61 Cash Flow$27.06 per share Price / Cash Flow9.71 Book Value$110.77 per share Price / Book2.37Miscellaneous Outstanding Shares15,780,000Free Float14,908,000Market Cap$4.15 billion OptionableOptionable Beta1.30 Social Links 7 Energy Stocks to Buy and Hold ForeverDo you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.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:ARNCMueller IndustriesNYSE:MLIKaiser AluminumNASDAQ:KALUKadantNYSE:KAIBeldenNYSE:BDCView All CompetitorsInstitutional OwnershipNomura Holdings Inc.Bought 2,103 shares on 3/27/2024Ownership: 0.013%Quadrature Capital LtdBought 1,881 shares on 3/25/2024Ownership: 0.012%PNC Financial Services Group Inc.Sold 51 shares on 3/22/2024Ownership: 0.009%B. 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%View All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 1 Wall Street 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 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 brokers have issued 1-year price targets 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 twelve months. This suggests that the stock has a possible downside of 9.6%. 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 2024. Since then, WIRE stock has increased by 23.0% and is now trading at $262.78. 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) announced its earnings results on Wednesday, February, 14th. The electronics maker reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates 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%. Encore Wire's revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.28 earnings per share. 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. Stockholders 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 of this dividend 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 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), 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 retail and institutional 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 3/29/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 Media“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyFed launches fourth dollar overhaulStansberry ResearchAI healthcare stock poised for 36,996% growth?Behind the Markets 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. 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