How to buy Encore Wire Corporation stock (WIRE)

Encore Wire Corporation is an electrical equipment & parts business based in the US. Encore Wire Corporation shares (WIRE) are listed on the NASDAQ and all prices are listed in US Dollars. Encore Wire Corporation employs 1,629 staff and has a trailing 12-month revenue of around $2.5 billion.

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Encore Wire Corporation stock price (NASDAQ: WIRE)

Use our graph to track the performance of WIRE stocks over time.

Encore Wire Corporation shares at a glance

• Key figures

Information last updated 2024-09-01.

52-week range	$206.98 - $295.90
50-day moving average more info button	$284.81
200-day moving average more info button	$232.45
Wall St. target price	$290.00
PE ratio more info button	15.2227
Dividend yield more info button	$0.08 (0.03%)
Earnings per share (TTM) more info button	$19.04

Is it a good time to buy Encore Wire Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Encore Wire Corporation stock undervalued or overvalued?

Valuing Encore Wire Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Encore Wire Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Encore Wire Corporation's P/E ratio

Encore Wire Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Encore Wire Corporation shares trade at around 15x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Encore Wire Corporation's PEG ratio

Encore Wire Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.09. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Encore Wire Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Encore Wire Corporation's EBITDA

Encore Wire Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $412.8 million.

The EBITDA is a measure of a Encore Wire Corporation's overall financial performance and is widely used to measure a its profitability.

Encore Wire Corporation financials

Revenue TTM	$2.5 billion
Operating margin TTM	11.84%
Gross profit TTM	$1.1 billion
Return on assets TTM	11.76%
Return on equity TTM	17.44%
Profit margin	12.45%
Book value	$114.88
Market Capitalization more info button	$4.6 billion

TTM: trailing 12 months

Encore Wire Corporation share dividends

Dividend payout ratio: 0.62% of net profits

Recently Encore Wire Corporation has paid out, on average, around 0% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Encore Wire Corporation shareholders could enjoy a 0% return on their shares, in the form of dividend payments. In Encore Wire Corporation's case, that would currently equate to about $0.08 per share.

While Encore Wire Corporation's payout ratio might seem low, this can signify that Encore Wire Corporation is investing more in its future growth.

Encore Wire Corporation's most recent dividend payout was on 18 July 2024. The latest dividend was paid out to all shareholders who bought their shares by 4 July 2024 (the "ex-dividend date").

Have Encore Wire Corporation's shares ever split?

Encore Wire Corporation's shares were split on a 3:2 basis on 16 August 2004 . So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Encore Wire Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Encore Wire Corporation shares which in turn could have impacted Encore Wire Corporation's share price.

Encore Wire Corporation share price volatility

Over the last 12 months, Encore Wire Corporation's shares have ranged in value from as little as $206.9845 up to $295.9. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Encore Wire Corporation's is 1.229. This would suggest that Encore Wire Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Encore Wire Corporation overview

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. As of July 2, 2024, Encore Wire Corporation operates as a subsidiary of Prysmian S. p.

Frequently asked questions

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What percentage of Encore Wire Corporation is owned by insiders or institutions?
Currently 7.451% of Encore Wire Corporation shares are held by insiders and 102.48% by institutions. How many people work for Encore Wire Corporation?
Latest data suggests 1,629 work at Encore Wire Corporation. When does the fiscal year end for Encore Wire Corporation?
Encore Wire Corporation's fiscal year ends in December. Where is Encore Wire Corporation based?
Encore Wire Corporation's address is: 1329 Millwood Road, McKinney, TX, United States, 75069 What is Encore Wire Corporation's ISIN number?
Encore Wire Corporation's international securities identification number is: US2925621052 What is Encore Wire Corporation's CUSIP number?
Encore Wire Corporation's Committee on Uniform Securities Identification Procedures number is: 292562105