NASDAQ
WIRE

Encore Wire Corporation

Electrical Equipment & Parts
Industrials

Prices are adjusted according to historical splits.

Encore Wire Corporation Stock Price

Vitals

Today's Low:
$164.05
Today's High:
$170.83
Open Price:
$164.27
52W Low:
$94.3498
52W High:
$206.7158
Prev. Close:
$161.08
Volume:
208986

Company Statistics

Market Cap.:
$2.83 billion
Book Value:
103.416
Revenue TTM:
$2.95 billion
Operating Margin TTM:
28.9%
Gross Profit TTM:
$1.11 billion
Profit Margin:
22.87%
Return on Assets TTM:
29.19%
Return on Equity TTM:
41.49%

Company Profile

Encore Wire Corporation had its IPO on 1992-07-16 under the ticker symbol WIRE.

The company operates in the Industrials sector and Electrical Equipment & Parts industry. Encore Wire Corporation has a staff strength of 1,672 employees.

Stock update

Shares of Encore Wire Corporation opened at $164.27 at the start of the last trading session i.e. 2023-06-02.

The stocks traded within a range of $164.05 - $170.83, and closed at $170.42.

This is a +5.8% increase from the previous day's closing price.

A total volume of 208,986 shares were traded at the close of the day’s session.

In the last one week, shares of Encore Wire Corporation have increased by +5.31%.

Encore Wire Corporation's Key Ratios

Encore Wire Corporation has a market cap of $2.83 billion, indicating a price to book ratio of 1.5588 and a price to sales ratio of 0.847.

In the last 12-months Encore Wire Corporation’s revenue was $2.95 billion with a gross profit of $1.11 billion and an EBITDA of $881.56 million. The EBITDA ratio measures Encore Wire Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Encore Wire Corporation’s operating margin was 28.9% while its return on assets stood at 29.19% with a return of equity of 41.49%.

In Q1, Encore Wire Corporation’s quarterly earnings growth was a negative -18.3% while revenue growth was a negative 8.7%.

Encore Wire Corporation’s PE and PEG Ratio

Forward PE
0
Trailing PE
4.5439
PEG
2.09

Its diluted EPS in the last 12-months stands at $35.45 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 2.09. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Encore Wire Corporation’s profitability.

Encore Wire Corporation stock is trading at a EV to sales ratio of 0.6816 and a EV to EBITDA ratio of 2.2072. Its price to sales ratio in the trailing 12-months stood at 0.847.

Encore Wire Corporation stock pays annual dividends of $0.08 per share, indicating a yield of 0.05% and a payout ratio of 0.23%.

Balance sheet and cash flow metrics

Total Assets
$2.00 billion
Total Liabilities
$129.17 million
Operating Cash Flow
$-31768000.00
Capital Expenditure
$31.77 million
Dividend Payout Ratio
0.23%

Encore Wire Corporation ended 2023 with $2.00 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.00 billion while shareholder equity stood at $1.81 billion.

Encore Wire Corporation ended 2023 with $0 in deferred long-term liabilities, $129.17 million in other current liabilities, 272000.00 in common stock, $2.26 billion in retained earnings and $0 in goodwill. Its cash balance stood at $697.42 million and cash and short-term investments were $697.42 million. The company’s total short-term debt was $0 while long-term debt stood at $0.

Encore Wire Corporation’s total current assets stands at $1.35 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $479.83 million compared to accounts payable of $41.59 million and inventory worth $173.88 million.

In 2023, Encore Wire Corporation's operating cash flow was $-31768000.00 while its capital expenditure stood at $31.77 million.

Comparatively, Encore Wire Corporation paid $0.00 in dividends in 2023.

Other key metrics

Current Trading Price
$170.42
52-Week High
$206.7158
52-Week Low
$94.3498
Analyst Target Price
$255

Encore Wire Corporation stock is currently trading at $170.42 per share. It touched a 52-week high of $206.7158 and a 52-week low of $206.7158. Analysts tracking the stock have a 12-month average target price of $255.

Its 50-day moving average was $166.91 and 200-day moving average was $152.12 The short ratio stood at 8.8 indicating a short percent outstanding of 0%.

Around 487.6% of the company’s stock are held by insiders while 10390.4% are held by institutions.

Frequently Asked Questions About Encore Wire Corporation

The stock symbol (also called stock or share ticker) of Encore Wire Corporation is WIRE

The IPO of Encore Wire Corporation took place on 1992-07-16

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About

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company 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. It sells its products to wholesale electrical distributors primarily 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.

Address

1329 Millwood Road, McKinney, TX, United States, 75069