Encore Wire Corp. (NASDAQ:WIRE) will issue its quarterly earnings data after the market closes on Thursday, October 20th. Analysts expect the company to announce earnings of $0.61 per share for the quarter.

Encore Wire Corp. (NASDAQ:WIRE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.57 by $0.19. The company had revenue of $238.80 million for the quarter, compared to analyst estimates of $241.88 million. Encore Wire Corp. had a return on equity of 7.73% and a net margin of 4.28%. The business’s revenue was down 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts expect Encore Wire Corp. to post $1.72 EPS for the current fiscal year and $2.4 EPS for the next fiscal year.

Earnings History for Encore Wire Corp. (NASDAQ:WIRE)

Encore Wire Corp. (NASDAQ:WIRE) opened at 35.60 on Tuesday. Encore Wire Corp. has a 52-week low of $32.96 and a 52-week high of $44.95. The company’s 50-day moving average price is $36.55 and its 200 day moving average price is $38.16. The firm has a market capitalization of $736.78 million, a price-to-earnings ratio of 17.62 and a beta of 2.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, October 7th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.22%. The ex-dividend date is Wednesday, October 5th. Encore Wire Corp.’s dividend payout ratio is 3.96%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its position in shares of Encore Wire Corp. by 1.9% in the second quarter. Arizona State Retirement System now owns 10,754 shares of the company’s stock valued at $401,000 after buying an additional 200 shares during the last quarter. Profund Advisors LLC raised its position in shares of Encore Wire Corp. by 5.9% in the second quarter. Profund Advisors LLC now owns 6,304 shares of the company’s stock valued at $235,000 after buying an additional 352 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Encore Wire Corp. by 6.2% in the second quarter. Guggenheim Capital LLC now owns 6,049 shares of the company’s stock valued at $225,000 after buying an additional 354 shares during the last quarter. Zacks Investment Management raised its position in shares of Encore Wire Corp. by 1.9% in the second quarter. Zacks Investment Management now owns 20,846 shares of the company’s stock valued at $777,000 after buying an additional 394 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Encore Wire Corp. by 5.5% in the second quarter. Thrivent Financial for Lutherans now owns 9,970 shares of the company’s stock valued at $372,000 after buying an additional 520 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on WIRE shares. Sidoti downgraded Encore Wire Corp. from a “buy” rating to a “neutral” rating and reduced their target price for the company from $46.00 to $44.00 in a report on Thursday, July 28th. Zacks Investment Research lowered Encore Wire Corp. from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 3rd. Finally, DA Davidson reissued a “hold” rating on shares of Encore Wire Corp. in a research report on Monday, September 19th.

About Encore Wire Corp.

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 operates in the manufacture of 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 segment.

5 Day Chart for NASDAQ:WIRE

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