Encore Wire Corporation
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- Market Cap.:
- $2.83 billion
- Book Value:
- Revenue TTM:
- $2.95 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $1.11 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- $31.77 million
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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
Similar Industry Stocks (Electrical Equipment & Parts)
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.