Encore Wire Corporation (NASDAQ:WIRE) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.55 per share for the quarter.
Encore Wire Corporation (NASDAQ:WIRE) last announced its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.06). Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $282.25 million. During the same period last year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts expect Encore Wire Corporation to post $2.2 EPS for the current fiscal year and $2.9 EPS for the next fiscal year.
Shares of Encore Wire Corporation (NASDAQ:WIRE) traded down 0.78% during mid-day trading on Monday, hitting $44.35. The stock had a trading volume of 25,946 shares. The company has a market cap of $920.57 million, a P/E ratio of 21.96 and a beta of 2.25. The firm’s 50 day moving average price is $44.75 and its 200 day moving average price is $42.89. Encore Wire Corporation has a 1-year low of $33.70 and a 1-year high of $49.75.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. Encore Wire Corporation’s payout ratio is 3.98%.
WIRE has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Encore Wire Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. TheStreet lowered shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a report on Friday, August 4th. BidaskClub lowered shares of Encore Wire Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Sidoti assumed coverage on shares of Encore Wire Corporation in a report on Thursday, October 19th. They issued a “neutral” rating for the company.
Encore Wire Corporation Company Profile
Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings.
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