A share price of Encore Wire Corp. [WIRE] is currently trading at $262.78, up 3.79%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WIRE shares have gain 5.69% over the last week, with a monthly amount glided 11.82%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, Encore Wire Announces Cash Dividend. In a post published today on Yahoo Finance, Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend.
From an analyst’s perspective:
Encore Wire Corp. [NASDAQ: WIRE] stock has seen the most recent analyst activity on October 11, 2023, when CJS Securities initiated its Market Outperform rating and assigned the stock a price target of $235. Previously, Sidoti downgraded its rating to Neutral on January 21, 2021, and elevated its price target to $65. On November 16, 2020, upgrade upgraded it’s rating to Buy but maintained its price target of $59 on the stock. DA Davidson downgraded its rating to a Neutral but stick to its price target of $56 on April 30, 2020. Sidoti upgraded its rating to a Buy. Sidoti downgraded its rating to Neutral for this stock on February 13, 2019, but kept the price target unchanged to $58. In a note dated December 06, 2017, Sidoti upgraded an Buy rating on this stock.
Encore Wire Corp. experienced fluctuations in its stock price throughout the past year between $138.20 and $256.35. Encore Wire Corp. [NASDAQ: WIRE] shares were valued at $262.78 at the most recent close of the market.
Analyzing the WIRE fundamentals
Trailing Twelve Months sales for Encore Wire Corp. [NASDAQ:WIRE] were 2.57B which represents -8.66% decline. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.21 and Total Capital is 0.25.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 256.47 points at the first support level, and at 250.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 266.55, and for the 2nd resistance point, it is at 270.32.
Encore Wire Corp. [WIRE] reported earnings per share of $4.1 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $4.02/share, meaning a difference of $0.08 and a surprise factor of 2.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $4.82 per share as compared to estimates of $4.66 per share, a difference of $0.16 representing a surprise of 3.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Encore Wire Corp. [NASDAQ:WIRE] is 7.56. As well, the Quick Ratio is 6.54, while the Cash Ratio is 3.5. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 12.26.
