Media coverage about Encore Wire (NASDAQ:WIRE) has been trending somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Encore Wire earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the electronics maker an impact score of 44.8007484150708 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Encore Wire (NASDAQ WIRE) opened at $50.60 on Friday. Encore Wire has a 1-year low of $37.30 and a 1-year high of $50.85. The company has a market cap of $1,007.46, a price-to-earnings ratio of 21.17, a P/E/G ratio of 2.29 and a beta of 2.31.
Encore Wire (NASDAQ:WIRE) last posted its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.12. Encore Wire had a net margin of 4.53% and a return on equity of 8.42%. The company had revenue of $292.00 million during the quarter, compared to analyst estimates of $279.60 million. During the same period in the prior year, the business posted $0.29 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. equities analysts expect that Encore Wire will post 2.32 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, January 5th will be issued a dividend of $0.02 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. Encore Wire’s dividend payout ratio is currently 3.35%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Encore Wire from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Sidoti upgraded shares of Encore Wire from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, December 6th. Zacks Investment Research lowered shares of Encore Wire from a “hold” rating to a “strong sell” rating in a report on Thursday, November 2nd. Finally, TheStreet upgraded shares of Encore Wire from a “c+” rating to a “b” rating in a report on Monday, October 23rd.
In other Encore Wire news, VP Frank J. Bilban sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $49.53, for a total transaction of $495,300.00. Following the transaction, the vice president now directly owns 44,900 shares of the company’s stock, valued at approximately $2,223,897. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Matthew D. Ford sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $46.00, for a total transaction of $46,000.00. Following the transaction, the insider now directly owns 2,500 shares in the company, valued at $115,000. The disclosure for this sale can be found here. Insiders have sold a total of 26,507 shares of company stock valued at $1,285,749 over the last quarter. 3.79% of the stock is currently owned by company insiders.
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Encore Wire Company Profile
Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings.
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