WIRE Company Profile and Key Details

Short-term trend indicators are bearishly aligned (SMA20 0.23%, SMA50 1.77%, SMA200 26.02%). The stock’s 14-day RSI is 70.23 (overbought), while the ATR of 1.12 points to tighter daily ranges. The stock remains sitting in the mid-range of its 52-week band, trading -2.05% below its high and over 92.57% above its low.

Encore Wire Corporation generated EPS of $18.86 over the past year. Five-year average earnings growth is 42.06%. Wall Street analysts project EPS growth of 10.0% annually over the next five years. The latest quarter delivered EPS of $6.01. The next quarter is forecast at $4.15. Next year's EPS is expected at -$20.67. Encore Wire Corporation earnings surprise history is a consistent trend of beating forecasts. The quarter that ended July 23, 2024, missed forecasts by 18.77%. The prior quarter beat by 5.66%. Over the last six quarters, Apple has recorded several small beats. These include 13.04% in April 25, 2023.

Encore Wire Corporation has 15.80 million shares outstanding. The public float is 14.86 million shares, elevated short interest at 7.21% of float. This equals 755.09 thousand shares. The short ratio is 1.99 days. Institutional investors hold 110.73% of the float. Insiders own 7.45%. REGO VINCENT A holds 1.06 million shares, JONES DANIEL L has 326.12 thousand shares and COURTNEY DONALD EUGENE has 185.36 thousand shares.

Encore Wire Corporation (NASDAQ:WIRE) closed at $289.84 USD, gaining $0.01 (0.00%) from the previous close of $289.83. The stock is currently within 5% of its 52-week high $150.51 and $295.90. With a market capitalization of about $4.58 billion, Encore Wire Corporation is classified as a mid-cap and shows market-like volatility (beta ~1.23). Key stats such as the average daily volume over the past year has been around 435.81 thousand shares, trading with heavier-than-usual volume. Headquartered in McKinney, TX, Encore Wire Corporation operates in the Industrials sector and the Electrical Equipment & Parts industry. Led by CEO Daniel L. Jones, the company employs approximately 1,629 people and listed since July 17, 1992. Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States.

Encore Wire Corporation last paid a dividend of 0.08 per share, this equals a trailing yield of roughly 0.03%. Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $387.68. This means the shares are trading below this model’s fair value.

Our AI price prediction model suggests that Encore Wire Corporation stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 0.28%, with price expected at $290.64 by July 15, 2024, within a range of $286.25 to $295.08 3-Month Outlook: Projected fall of -32.93%, reaching $194.41 by September 27, 2024, with a range of $184.35 to $201.67. 1-Year Outlook: Projected gain of 61.69%, with price at $468.64 by July 01, 2025, within a range of $461.48 to $475.22.

Encore Wire Corporation (NASDAQ:WIRE) shares are up 35.69% year-to-date currently trading near 52-week highs band. Short-term momentum has been positive over the last quarter, despite recent volatility. Valuation shows Encore Wire Corporation trading at a premium to the broader market with a P/E of 13.13. Analyst sentiment is mixed, with the majority of ratings in Neutral territory and a mean price target of $42.73, suggesting -85.26% downside. Our AI forecast model points to short-term strength (0.28% over two weeks), a medium-term fall (-32.93% over three months), and a longer-term gain (61.69% over one year), with expected trading ranges indicating moderate volatility.

Encore Wire Corporation trades at a P/E ratio of 13.13, slightly below the S&P 500 average, with a price-to-sales ratio of 1.78 and a price-to-book ratio of 2.8 suggesting the stock is closer to book value. The P/FCF stands at 15.75, also above market averages.