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Encore Wire NasdaqGS:WIRE Stock Report

Last Price

US$283.09

Market Cap

US$4.5b

7D

-2.3%

1Y

75.0%

Updated

23 Apr, 2024

Data

Company Financials +

Encore Wire Corporation

NasdaqGS:WIRE Stock Report

Market Cap: US$4.5b

WIRE Stock Overview

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States.

WIRE fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

Encore Wire Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Encore Wire
Historical stock prices
Current Share PriceUS$283.09
52 Week HighUS$295.90
52 Week LowUS$138.20
Beta1.31
1 Month Change14.77%
3 Month Change30.81%
1 Year Change74.97%
3 Year Change279.48%
5 Year Change377.47%
Change since IPO10,091.23%

Recent News & Updates

Encore Wire Merger Presents Interesting Proposition

Apr 16

At US$262, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Apr 03
At US$262, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Encore Wire: Raising My Price Target To $300, As The Shorts Are Trapped

Feb 28

Recent updates

Encore Wire Merger Presents Interesting Proposition

Apr 16

At US$262, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Apr 03
At US$262, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Encore Wire: Raising My Price Target To $300, As The Shorts Are Trapped

Feb 28

Encore Wire: Good Business, But No Longer A Value Play (Rating Downgrade)

Feb 19

Encore Wire Corporation's (NASDAQ:WIRE) Shares Lagging The Market But So Is The Business

Jan 05
Encore Wire Corporation's (NASDAQ:WIRE) Shares Lagging The Market But So Is The Business

At US$210, Is Encore Wire Corporation (NASDAQ:WIRE) Worth Looking At Closely?

Dec 15
At US$210, Is Encore Wire Corporation (NASDAQ:WIRE) Worth Looking At Closely?

Encore Wire (NASDAQ:WIRE) Could Become A Multi-Bagger

Nov 08
Encore Wire (NASDAQ:WIRE) Could Become A Multi-Bagger

An Intrinsic Calculation For Encore Wire Corporation (NASDAQ:WIRE) Suggests It's 28% Undervalued

Oct 05
An Intrinsic Calculation For Encore Wire Corporation (NASDAQ:WIRE) Suggests It's 28% Undervalued

Is Now An Opportune Moment To Examine Encore Wire Corporation (NASDAQ:WIRE)?

Aug 29
Is Now An Opportune Moment To Examine Encore Wire Corporation (NASDAQ:WIRE)?

We Think Encore Wire (NASDAQ:WIRE) Might Have The DNA Of A Multi-Bagger

Jun 27
We Think Encore Wire (NASDAQ:WIRE) Might Have The DNA Of A Multi-Bagger

Why Encore Wire Corporation (NASDAQ:WIRE) Could Be Worth Watching

May 17
Why Encore Wire Corporation (NASDAQ:WIRE) Could Be Worth Watching

Estimating The Fair Value Of Encore Wire Corporation (NASDAQ:WIRE)

Apr 23
Estimating The Fair Value Of Encore Wire Corporation (NASDAQ:WIRE)

Why We Like The Returns At Encore Wire (NASDAQ:WIRE)

Mar 24
Why We Like The Returns At Encore Wire (NASDAQ:WIRE)

New Forecasts: Here's What Analysts Think The Future Holds For Encore Wire Corporation (NASDAQ:WIRE)

Feb 18
New Forecasts: Here's What Analysts Think The Future Holds For Encore Wire Corporation (NASDAQ:WIRE)

What Does Encore Wire Corporation's (NASDAQ:WIRE) Share Price Indicate?

Feb 15
What Does Encore Wire Corporation's (NASDAQ:WIRE) Share Price Indicate?

We Ran A Stock Scan For Earnings Growth And Encore Wire (NASDAQ:WIRE) Passed With Ease

Jan 24
We Ran A Stock Scan For Earnings Growth And Encore Wire (NASDAQ:WIRE) Passed With Ease

Why Encore Wire Corporation (NASDAQ:WIRE) Could Be Worth Watching

Nov 17
Why Encore Wire Corporation (NASDAQ:WIRE) Could Be Worth Watching

Do Encore Wire's (NASDAQ:WIRE) Earnings Warrant Your Attention?

Oct 24
Do Encore Wire's (NASDAQ:WIRE) Earnings Warrant Your Attention?

Encore Wire Corporation: Still Extremely Undervalued

Oct 04

Encore Wire: Copper Prices Will Remain Elevated Despite The Fed's Best Efforts

Sep 15

At US$131, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Aug 16
At US$131, Is It Time To Put Encore Wire Corporation (NASDAQ:WIRE) On Your Watch List?

Encore Wire: Ride The Energy Transition With A Boring Business

Aug 10

Is Now The Time To Put Encore Wire (NASDAQ:WIRE) On Your Watchlist?

Jul 26
Is Now The Time To Put Encore Wire (NASDAQ:WIRE) On Your Watchlist?

Encore Wire Still Unappreciated After Major 2021 Earnings

Jul 23

Encore Wire Looks Like It Is Only Getting Started

May 13

I Ran A Stock Scan For Earnings Growth And Encore Wire (NASDAQ:WIRE) Passed With Ease

Apr 19
I Ran A Stock Scan For Earnings Growth And Encore Wire (NASDAQ:WIRE) Passed With Ease

Is It Time To Consider Buying Encore Wire Corporation (NASDAQ:WIRE)?

Mar 21
Is It Time To Consider Buying Encore Wire Corporation (NASDAQ:WIRE)?

Encore Wire: Adequate Value Despite Expected Cash Flow Declines

Feb 24

Encore Wire (NASDAQ:WIRE) Is Very Good At Capital Allocation

Jan 14
Encore Wire (NASDAQ:WIRE) Is Very Good At Capital Allocation

If You Like EPS Growth Then Check Out Encore Wire (NASDAQ:WIRE) Before It's Too Late

Dec 15
If You Like EPS Growth Then Check Out Encore Wire (NASDAQ:WIRE) Before It's Too Late

Encore Wire: Amazing Operating Cash Flow Growth

Dec 14

A Look At The Intrinsic Value Of Encore Wire Corporation (NASDAQ:WIRE)

Nov 29
A Look At The Intrinsic Value Of Encore Wire Corporation (NASDAQ:WIRE)

At US$142, Is Encore Wire Corporation (NASDAQ:WIRE) Worth Looking At Closely?

Nov 12
At US$142, Is Encore Wire Corporation (NASDAQ:WIRE) Worth Looking At Closely?

Encore Wire: Exciting Profit From Boring Business

Sep 24

Is Now The Time To Put Encore Wire (NASDAQ:WIRE) On Your Watchlist?

Aug 19
Is Now The Time To Put Encore Wire (NASDAQ:WIRE) On Your Watchlist?

Encore Wire Setting New Records On The Back Of Exceptional Copper Spreads

Aug 17

Analysts Just Shipped A Sizeable Upgrade To Their Encore Wire Corporation (NASDAQ:WIRE) Estimates

Jul 30
Analysts Just Shipped A Sizeable Upgrade To Their Encore Wire Corporation (NASDAQ:WIRE) Estimates

Shareholder Returns

WIREUS ElectricalUS Market
7D-2.3%-4.2%-3.2%
1Y75.0%28.8%19.3%

Return vs Industry: WIRE exceeded the US Electrical industry which returned 28.8% over the past year.

Return vs Market: WIRE exceeded the US Market which returned 19.3% over the past year.

Price Volatility

Is WIRE's price volatile compared to industry and market?
WIRE volatility
WIRE Average Weekly Movement5.8%
Electrical Industry Average Movement9.5%
Market Average Movement6.0%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: WIRE's share price has been volatile over the past 3 months.

Volatility Over Time: WIRE's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19891,629Daniel Joneswww.encorewire.com

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.

Encore Wire Corporation Fundamentals Summary

How do Encore Wire's earnings and revenue compare to its market cap?
WIRE fundamental statistics
Market capUS$4.47b
Earnings (TTM)US$372.40m
Revenue (TTM)US$2.57b

12.0x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WIRE income statement (TTM)
RevenueUS$2.57b
Cost of RevenueUS$1.91b
Gross ProfitUS$655.88m
Other ExpensesUS$283.48m
EarningsUS$372.40m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)23.59
Gross Margin25.54%
Net Profit Margin14.50%
Debt/Equity Ratio0%

How did WIRE perform over the long term?

See historical performance and comparison

Dividends

0.03%

Current Dividend Yield

0.3625%

Payout Ratio
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