Encore Wire Corporation (WIRE)

Market Cap	4.48B
Revenue (ttm)	2.54B
Net Income (ttm)	316.19M
Shares Out	15.79M
EPS (ttm)	18.97
PE Ratio	14.97
Forward PE	16.63
Dividend	$0.08 (0.03%)
Ex-Dividend Date	Apr 4, 2024

Volume	227,093
Open	282.68
Previous Close	282.41
Day's Range	281.71 - 285.78
52-Week Range	146.36 - 295.90
Beta	1.32
Analysts	Hold
Price Target	292.50 (+2.97%)
Earnings Date	Apr 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...

• Industry: Electrical Equipment & Parts
• Sector: Industrials
• IPO Date: Jul 16, 1992
• Employees: 1,629
• Stock Exchange: NASDAQ
• Ticker Symbol: WIRE

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%.

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 2.97% from the latest price.

Price Target

$292.5

(2.97% upside)

Analyst Consensus: Hold