Media headlines about Encore Wire Corporation (NASDAQ:WIRE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encore Wire Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.928523541686 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Shares of Encore Wire Corporation (WIRE) traded up $0.45 during trading hours on Friday, reaching $44.30. The company’s stock had a trading volume of 103,614 shares, compared to its average volume of 77,914. Encore Wire Corporation has a 12-month low of $37.30 and a 12-month high of $49.75. The firm has a market cap of $939.81, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 1.95 and a beta of 2.32.
Encore Wire Corporation (NASDAQ:WIRE) last issued its quarterly earnings results on Tuesday, October 31st. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Encore Wire Corporation had a return on equity of 8.42% and a net margin of 4.53%. The firm had revenue of $292.00 million for the quarter, compared to analyst estimates of $279.60 million. During the same period last year, the company earned $0.29 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. research analysts predict that Encore Wire Corporation will post 2.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, January 5th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. The ex-dividend date is Thursday, January 4th. Encore Wire Corporation’s dividend payout ratio is currently 3.35%.
A number of analysts have issued reports on the company. Zacks Investment Research raised Encore Wire Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. TheStreet raised Encore Wire Corporation from a “c+” rating to a “b” rating in a research note on Monday, October 23rd. BidaskClub lowered Encore Wire Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Sidoti assumed coverage on Encore Wire Corporation in a research note on Thursday, October 19th. They issued a “neutral” rating on the stock.
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In other news, VP Frank J. Bilban sold 4,136 shares of Encore Wire Corporation stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $47.50, for a total value of $196,460.00. Following the transaction, the vice president now directly owns 61,150 shares of the company’s stock, valued at approximately $2,904,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.79% of the company’s stock.
About Encore Wire Corporation
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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