NASDAQ:WIRE Encore Wire (WIRE) Stock Price, News & Analysis → Exposed: 10 CENT Crypto to Explode April 20th? (From True Market Insiders) (Ad) Free WIRE Stock Alerts $282.41 -1.19 (-0.42%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$282.41▼$287.0050-Day Range$216.59▼$291.2352-Week Range$138.20▼$295.90Volume494,477 shsAverage Volume263,737 shsMarket Capitalization$4.46 billionP/E Ratio13.18Dividend Yield0.03%Price Target$273.33 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 RatingHold2.00 Rating ScoreUpside/Downside3.6% Downside$273.33 Price TargetShort InterestBearish20.61% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.60Based on 24 Articles This WeekInsider TradingN/AProj. Earnings Growth10.32%From $21.23 to $23.42 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.1.50 out of 5 starsIndustrial Products Sector143rd out of 168 stocksRolling, Drawing, & Extruding Of Nonferrous Metals Industry5th out of 6 stocks 1.0 Analyst's Opinion Consensus RatingEncore 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 CoverageEncore Wire has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted20.61% 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 17.1, which indicates bearish sentiment.Change versus previous monthShort interest in Encore Wire has recently decreased by 9.28%, indicating that investor sentiment is improving significantly. 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 0.34% 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 3.1 News and Social Media Coverage News SentimentEncore Wire has a news sentiment score of 0.60. 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 24 news articles for Encore Wire this week, compared to 4 articles on an average week.Search Interest8 people have searched for WIRE on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows6 people have added Encore Wire to their MarketBeat watchlist in the last 30 days. This is an increase of 20% 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 7.20% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Encore Wire are expected to grow by 10.32% in the coming year, from $21.23 to $23.42 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Encore Wire is 13.23, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.67.Price to Earnings Ratio vs. SectorThe P/E ratio of Encore Wire is 13.23, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.61.Price to Book Value per Share RatioEncore Wire has a P/B Ratio of 2.56. 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 True Market InsidersExposed: 10 CENT Crypto to Explode April 20th?Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than BitcoinClick For My #1 FREE Crypto for 2024 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 HeadlinesApril 23, 2024 | investorplace.comWIRE Stock Earnings: Encore Wire Beats EPS, Beats Revenue for Q1 2024April 23, 2024 | gurufocus.comEncore Wire Corp (WIRE) Reports Q1 Earnings: A Close Call with Analyst EstimatesApril 24, 2024 | True Market Insiders (Ad)Exposed: 10 CENT Crypto to Explode April 20th?Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than BitcoinApril 23, 2024 | businesswire.comEncore Wire Reports First Quarter ResultsApril 21, 2024 | msn.comCJS Securities Downgrades Encore Wire (WIRE)April 21, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Rating Reiterated by CJS SecuritiesApril 20, 2024 | americanbankingnews.comDA Davidson Comments on Encore Wire Co.'s FY2024 Earnings (NASDAQ:WIRE)April 18, 2024 | stockhouse.comAvenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and PrysmianApril 24, 2024 | True Market Insiders (Ad)Exposed: 10 CENT Crypto to Explode April 20th?Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than BitcoinApril 18, 2024 | americanbankingnews.comQ1 2024 EPS Estimates for Encore Wire Co. (NASDAQ:WIRE) Raised by DA DavidsonApril 17, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIREApril 17, 2024 | businesswire.comENCORE 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 - WIREApril 17, 2024 | msn.comSidoti & Co. Downgrades Encore Wire (WIRE)April 17, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Reaches New 52-Week High at $285.55April 17, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Receives Neutral Rating from DA DavidsonApril 17, 2024 | americanbankingnews.comEncore Wire (NASDAQ:WIRE) Receives Neutral Rating from SidotiApril 15, 2024 | marketwatch.comEncore Wire Shares Rise Premarket on Takeover by PrysmianApril 15, 2024 | markets.businessinsider.comEncore Wire To Be Bought By Italy's Prysmian In $290/share Cash DealApril 15, 2024 | bloomberg.comPrysmian Buys Encore Wire for €3.9 Billion, Its Largest DealApril 15, 2024 | prnewswire.comSHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRDApril 15, 2024 | investorplace.comWIRE Stock Alert: The $4.2 Billion Deal Lifting Encore Wire TodayApril 15, 2024 | benzinga.comM&T Bank Reports Q1 Earnings, Joins Snap One, Encore Wire And Other Big Stocks Moving Higher On MondayApril 15, 2024 | msn.comElectrical Equipment Company Encore Wire Gets Wired For Takeover In €3.9B DealApril 15, 2024 | finance.yahoo.comEncore Wire Stock Surges on $4.2 Billion Takeover by Italy’s PrysmianApril 15, 2024 | barrons.comEncore Wire Stock Surges on $4.2 Billion Takeover by Italy's PrysmianApril 15, 2024 | businesswire.comWIRE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Encore Wire Corporation Is Fair to ShareholdersApril 15, 2024 | prnewswire.comShareholder Alert: Ademi LLP investigates whether Encore Wire Corporation has obtained a Fair Price in its transaction with PrysmianSee 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 4/19 Dividend4/04/2024Dividend Payable4/19/2024Last Earnings4/23/2024Today4/24/2024Next Earnings (Estimated)7/23/2024Fiscal 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$273.33 High Stock Price Target$295.00 Low Stock Price Target$235.00 Potential Upside/Downside-4.3%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$21.43 Trailing P/E Ratio13.33 Forward P/E Ratio13.46 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 / Sales1.76 Cash Flow$25.88 per share Price / Cash Flow11.04 Book Value$110.77 per share Price / Book2.58Miscellaneous Outstanding Shares15,780,000Free Float14,648,000Market Cap$4.51 billion OptionableOptionable Beta1.31 Social Links 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.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:KALUSealed AirNYSE:SEEValmont IndustriesNYSE:VMIView All CompetitorsInstitutional OwnershipAssenagon Asset Management S.A.Sold 1,031 shares on 4/24/2024Ownership: 0.057%Childress Capital Advisors LLCSold 181 shares on 4/24/2024Ownership: 0.006%Spire Wealth ManagementBought 42 shares on 4/24/2024Ownership: 0.001%Louisiana State Employees Retirement SystemSold 100 shares on 4/23/2024Ownership: 0.049%Nations Financial Group Inc. IA ADVBought 609 shares on 4/23/2024Ownership: 0.038%View All Institutional Transactions WIRE Stock Analysis - Frequently Asked Questions Should I buy or sell Encore Wire stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Encore Wire in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street 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 twelve-month price targets for Encore Wire's stock. Their WIRE share price targets range from $235.00 to $295.00. On average, they anticipate the company's share price to reach $273.33 in the next year. This suggests that the stock has a possible downside of 3.6%. 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 on January 1st, 2024. Since then, WIRE stock has increased by 32.8% and is now trading at $283.58. 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, July 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 Tuesday, April, 23rd. The electronics maker reported $3.92 EPS for the quarter, topping analysts' consensus estimates of $3.65 by $0.27. The electronics maker had revenue of $632.66 million for the quarter, compared to analysts' expectations of $579.64 million. Encore Wire had a trailing twelve-month return on equity of 20.92% and a net margin of 14.50%. The business's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.50 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. Stockholders of record on Friday, April 5th will be paid a dividend of $0.02 per share on Friday, April 19th. This represents a $0.08 annualized dividend 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 0.34% 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), The Acquirers Fund (ZIG), Inspire Faithward Mid Cap Momentum ETF (GLRY), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Profound Medical (PRN), Invesco S&P SmallCap Industrials ETF (PSCI), Euclidean Fundamental Value ETF (ECML) and Invesco S&P SmallCap Quality ETF (XSHQ). 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 retail and institutional investors. Top institutional shareholders include Hodges Capital Management Inc. (1.83%), Vaughan Nelson Investment Management L.P. (0.60%), Sunbelt Securities Inc. (0.58%), Oakworth Capital Inc. (0.43%), Baker Ellis Asset Management LLC (0.31%) and First Dallas Securities Inc. (0.24%). 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 4/24/2024 by MarketBeat.com Staff From Our PartnersThis Apple-like Innovator is Revolutionizing HealthcareWall Street Startop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersPentagon contract could send this $2 AI stock soaringBehind the MarketsThe #1 Crypto for 2024InvestorPlaceDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingEmergency: Biden's $20 Trillion Mistake Could Cost YOU!GoldenCrest Metals 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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