Encore Wire Corporation (WIRE)

NASDAQ: WIRE · IEX Real-Time Price · USD
289.84
+0.01 (0.00%)
At close: Jul 1, 2024, 12:00 AM
289.95
+0.11 (0.04%)
After-hours: Jul 1, 2024, 6:12 PM EDT
0.00%
Market Cap 4.58B
Revenue (ttm) 2.54B
Net Income (ttm) 316.19M
Shares Out 15.80M
EPS (ttm) 18.97
PE Ratio 15.28
Forward PE 14.28
Dividend $0.08 (0.03%)
Ex-Dividend Date Jul 5, 2024
Volume 1,365,760
Open 289.91
Previous Close 289.83
Day's Range 289.65 - 289.99
52-Week Range 150.51 - 295.90
Beta 1.23
Analysts Hold
Price Target 292.50 (+0.92%)
Earnings Date Jul 23, 2024

About 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, co... [Read more]

Sector Industrials
IPO Date Jul 16, 1992
Employees 1,629
Stock Exchange NASDAQ
Ticker Symbol WIRE
Full Company Profile

Financial Performance

In 2023, Encore Wire's revenue was $2.57 billion, a decrease of -14.91% compared to the previous year's $3.02 billion. Earnings were $372.40 million, a decrease of -48.12%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for WIRE stock is "Hold." The 12-month stock price forecast is $292.5, which is an increase of 0.92% from the latest price.

Price Target
$292.5
(0.92% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Encore Wire, the Prysmian Buyout and Next Picks

On April 15, Encore Wire Corp. (WIRE, Financial), a small-cap copper wire and cable manufacturer, announced a merger with Prysmian SpA (MIL:PRY, Financial), a Milan, Italy-based cable manufacturer and...

25 days ago - GuruFocus

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates AKLI, WIRE on Behalf of Shareholders

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: AKLI
27 days ago - GlobeNewsWire

STOCKHOLDER ALERT: The M&A Class Action Firm Investigates Merger and Looming Vote on June 26, 2024, of Encore Wire Corporation - WIRE

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Secur...

27 days ago - GlobeNewsWire

Encore Wire Announces Cash Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, Pr...

6 weeks ago - Business Wire

ENCORE 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 - WIRE

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Encore Wire Corp...

7 weeks ago - Business Wire

Encore Wire Reports First Quarter Results

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) (“Encore Wire” or the “Company”) today announced results for the first quarter of 2024. First Quarter Highlights ...

2 months ago - Business Wire

Avenue Investment Management Expresses Concern Over Proposed Merger Between Encore Wire and Prysmian

TORONTO , April 18, 2024 /PRNewswire/ - Avenue Investment Management, a leading investment management firm headquartered in Toronto, has formally expressed its reservations regarding the proposed merg...

2 months ago - PRNewsWire

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Encore Wire Corporation - WIRE

NEW YORK , April 17, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securit...

2 months ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates WIRE, AIRC, INRD

NEW YORK , April 15, 2024 /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breache...

Other symbols: AIRC
2 months ago - PRNewsWire

Encore Wire Stock Surges on $4.2 Billion Takeover by Italy's Prysmian

Italian cable maker Prysmian will pay $290 a share in cash to buy Encore Wire.

2 months ago - Barrons

WIRE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Encore Wire Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Encore Wire Corporation (NASDAQ: WIRE) to Prysmian for $290.00 per share in cash is fair ...

2 months ago - Business Wire

Shareholder Alert: Ademi LLP investigates whether Encore Wire Corporation has obtained a Fair Price in its transaction with Prysmian

MILWAUKEE , April 15, 2024 /PRNewswire/ -- Ademi LLP is investigating Encore (Nasdaq: WIRE) for possible breaches of fiduciary duty and other violations of law in its transaction with Prysmian. Click ...

2 months ago - PRNewsWire

Prysmian to acquire Encore for about $4.2 bln

Italy's Prysmian will acquire Encore Wire for $290.00 per share in cash, the companies said on Monday.

2 months ago - Reuters

Encore Wire to Be Acquired by Prysmian for $290.00 Per Share in Cash

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire (NASDAQ: WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290.00...

2 months ago - Business Wire

Encore Wire Reports Strong Fourth Quarter and Full Year 2023 Results

MCKINNEY, Texas--(BUSINESS WIRE)--ENCORE WIRE REPORTS STRONG FOURTH QUARTER and FULL YEAR 2023 RESULTS.

5 months ago - Business Wire

Encore Wire Announces Earnings Release Date and Conference Call Details

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Announces Earnings Release Date and Conference Call Details.

5 months ago - Business Wire

Encore Wire Reports Strong Third Quarter Results; Highlights Increased Volumes; Continued Share Repurchases During Quarter

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) (“Encore Wire” or the “Company”) today announced results for the third quarter of 2023. Third Quarter and YTD 202...

9 months ago - Business Wire

7 Stock Picks (Mostly) Under $10 Billion: Why They're Best-of-Breed Bisons

Investment bank D.A. Davidson, which has adopted the bison as a brand, picked 17 “high quality” stocks—a few giant, most smaller.

Other symbols: AXBCJKHYNDSNTREXWDFC
9 months ago - Barrons

Encore Wire Reports Strong Second Quarter Results; Highlights Share Repurchases During Quarter; Board Increases Share Repurchase Authorization

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) (“Encore Wire” or the “Company”) today announced results for the second quarter of 2023. Second Quarter and YTD 2...

1 year ago - Business Wire

Encore Wire Reports First Quarter Results; Highlights Continued Share Repurchases During 2023

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the first quarter of 2023. First Quarter 2023 Highlights First Quarter Earnings per d...

1 year ago - Business Wire

Encore Wire Unveils ESG Strategy in Inaugural ESG Report

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today the publication of the Company's first Environmental, Social, and Governance (ESG) Report. This c...

1 year ago - Business Wire

Encore Wire Reports Fourth Quarter and Full Year 2022 Results

MCKINNEY, Texas--(BUSINESS WIRE)--ENCORE WIRE REPORTS FOURTH QUARTER and FULL YEAR 2022 RESULTS

1 year ago - Business Wire

Encore Wire Announces the Appointment of Bret J. Eckert to Executive Vice President

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that Bret J. Eckert has been appointed to the role of Executive Vice President. In addition to ...

1 year ago - Business Wire

Encore Wire Reports Third Quarter Results; Highlights Continued Share Repurchases During 2022

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the third quarter of 2022.

1 year ago - Business Wire

Encore Wire Reports the Appointment of W. Kelvin Walker to the Board of Directors

MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that the Board of Directors has acted unanimously and appointed W. Kelvin Walker as a director of...

2 years ago - Business Wire