Encore Stock Analysis

WIRE Stock  USD 157.82  4.01  2.61%   
The latest bullish price patterns experienced by current Encore Wire shareholders may raise some interest from shareholders as it is trading at a share price of 157.82 on very low momentum in trading volume. The company executives have been very successful in rebalancing the firm assets at opportune times to take advantage of market volatility in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.15. The current volatility is consistent with the ongoing market swings in December 2022 as well as with Encore Wire unsystematic, company-specific events.
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The Encore Wire stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Encore Wire is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, Christmas Day ( substitute day ), New Year 's Monday, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day. Encore Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Encore Wire's ongoing operational relationships across important fundamental and technical indicators.

Encore Stock Analysis Notes

About 96.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 1.56. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Encore Wire has Price/Earnings To Growth (PEG) ratio of 2.09. The entity recorded earning per share (EPS) of 35.48. The firm last dividend was issued on the 5th of January 2023. Encore Wire had 3:2 split on the 17th of August 2004. Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas. Encore Wire operates under Electrical Equipment Parts classification in the United States and is traded on NASDAQ Exchange. It employs 1440 people. For more information please call Daniel Jones at 972 562 9473 or visit https://www.encorewire.com.

Encore Wire Upcoming and Recent Events

Earnings reports are used by Encore Wire to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Encore Wire previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report15th of February 2022
Next Financial Report25th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End15th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Encore Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.89 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Encore Wire's market, we take the total number of its shares issued and multiply it by Encore Wire's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Encore Profitablity

Encore Wire's profitability indicators refer to fundamental financial ratios that showcase Encore Wire's ability to generate income relative to its revenue or operating costs. If, let's say, Encore Wire is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Encore Wire's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Encore Wire's profitability requires more research than a typical breakdown of Encore Wire's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of 0.23 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.3 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.0.
Last ReportedProjected for 2023
Return on Investment 57.82  62.38 
Return on Average Assets 39.03  42.11 
Return on Average Equity 44.77  48.31 
Return on Invested Capital 0.12  0.14 
Return on Sales 0.06  0.07 

Management Efficiency

The entity has return on total asset (ROA) of 0.3452 % which means that it generated profit of $0.3452 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of 0.488 %, meaning that it created $0.488 on every $100 dollars invested by stockholders. Encore Wire management efficiency ratios could be used to measure how well encore wire manages its routine affairs as well as how well it operates its assets and liabilities. The current year Return on Investment is expected to grow to 62.38. The current year Return on Average Assets is expected to grow to 42.11. Encore Wire Current Assets are projected to increase significantly based on the last few years of reporting. The past year's Current Assets were at 931.54 Million. The current year Assets Non Current is expected to grow to about 273.4 M, whereas Net Current Assets as percentage of Total Assets are forecasted to decline to 66.02.
Last ReportedProjected for 2023
Book Value per Share 24.88  19.68 
Enterprise Value over EBIT 14.40  13.29 
Enterprise Value over EBITDA 10.89  9.59 
Price to Book Value 1.80  1.88 
Tangible Assets Book Value per Share 28.57  23.48 
Enterprise Value736.6 M614.6 M
Tangible Asset Value592.2 M498.2 M
Non Current Liabilities Total
37.3 M
Forward Dividend Yield
0.0005
Forward Dividend Rate
0.08
Interest Expense
0.00
Total Operating Expenses
168.5 M

Technical Drivers

As of the 30th of January, Encore Wire shows the Downside Deviation of 2.38, semi deviation of 2.16, and Mean Deviation of 1.74. In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of Encore Wire, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Encore Wire, which can be compared to its rivals. Please confirm Encore Wire information ratio, as well as the relationship between the potential upside and kurtosis to decide if Encore Wire is priced favorably, providing market reflects its regular price of 157.82 per share. Given that Encore Wire has jensen alpha of 0.0443, we urge you to verify Encore Wire's prevailing market performance to make sure the company can sustain itself at a future point.

Encore Wire Price Movement Analysis

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two.
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Encore Wire Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Encore Wire insiders, such as employees or executives, is commonly permitted as long as it does not rely on Encore Wire's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Encore Wire insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Encore Wire Technical and Predictive Indicators

Encore Wire Forecast Models

Encore Wire time-series forecasting models is one of many Encore Wire's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Encore Wire's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Encore Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Encore Wire prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Encore shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas, a specific sector, or an individual Stock such as Encore Wire. By using and applying Encore Stock analysis, traders can create a robust methodology for identifying Encore entry and exit points for their positions.
Last ReportedProjected for 2023
Operating Margin 24.27  26.18 
EBITDA Margin 24.27  26.19 
Gross Margin 30.12  32.50 
Profit Margin 18.79  20.27 

Current Encore Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Encore analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Encore analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
150.0Buy1Odds
Encore Wire current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Encore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Encore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Encore Wire, talking to its executives and customers, or listening to Encore conference calls.
Encore Analyst Advice Details

Encore Stock Analysis Indicators

Encore Wire stock analysis indicators help investors evaluate how Encore Wire stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Encore Wire shares will generate the highest return on investment. By understating and applying Encore Wire stock analysis, traders can identify Encore Wire position entry and exit signals to maximize returns.
Begin Period Cash Flow183.1 M
Common Stock Shares Outstanding20.7 M
Total Stockholder Equity1.3 B
Total Cashflows From Investing Activities-118.2 M
Tax Provision158 M
Quarterly Earnings Growth Y O Y0.172
Property Plant And Equipment Net494.9 M
Retained Earnings1.4 B
Cash And Short Term Investments439 M
Retained Earnings Total Equity1.4 B
Cash439 M
Accounts Payable75.4 M
Net Debt-439 M
50 Day M A143.8496
Total Current Liabilities154.1 M
Other Operating Expenses1.9 B
Non Current Assets Total495.5 M
Common Stock Total Equity271 K
Non Currrent Assets Other570 K
Check out Your Current Watchlist. You can also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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When running Encore Wire price analysis, check to measure Encore Wire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Encore Wire is operating at the current time. Most of Encore Wire's value examination focuses on studying past and present price action to predict the probability of Encore Wire's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Encore Wire's price. Additionally, you may evaluate how the addition of Encore Wire to your portfolios can decrease your overall portfolio volatility.
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Is Encore Wire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Encore Wire. If investors know Encore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Encore Wire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.172
Market Capitalization
2.9 B
Quarterly Revenue Growth
0.064
Return On Assets
0.3452
Return On Equity
0.488
The market value of Encore Wire is measured differently than its book value, which is the value of Encore that is recorded on the company's balance sheet. Investors also form their own opinion of Encore Wire's value that differs from its market value or its book value, called intrinsic value, which is Encore Wire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Encore Wire's market value can be influenced by many factors that don't directly affect Encore Wire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Encore Wire's value and its price as these two are different measures arrived at by different means. Investors typically determine Encore Wire value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encore Wire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.