Encore Wire (NASDAQ:WIRE – Get Free Report) released its quarterly earnings data on Tuesday. The electronics maker reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.27, Briefing.com reports. The company had revenue of $632.66 million during the quarter, compared to analyst estimates of $579.64 million. Encore Wire had a net margin of 14.50% and a return on equity of 20.92%. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.50 earnings per share.
Encore Wire Trading Up 0.2 %
Shares of WIRE stock opened at $283.60 on Wednesday. Encore Wire has a 12-month low of $138.20 and a 12-month high of $295.90. The business’s fifty day simple moving average is $246.44 and its 200-day simple moving average is $217.73. The company has a market cap of $4.48 billion, a PE ratio of 13.23 and a beta of 1.31.
Encore Wire Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.03%. The ex-dividend date of this dividend was Thursday, April 4th. Encore Wire’s dividend payout ratio is currently 0.37%.
Analyst Ratings Changes
View Our Latest Research Report on Encore Wire
About Encore Wire
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It 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.
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