Encore Wire Stock Analysis

WIRE Stock  USD 260.89  0.09  0.03%   
Encore Wire is fairly valued with Real Value of 250.88 and Target Price of 238.67. The main objective of Encore Wire stock analysis is to determine its intrinsic value, which is an estimate of what Encore Wire is worth, separate from its market price. There are two main types of Encore Wire's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Encore Wire's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Encore Wire's stock to identify patterns and trends that may indicate its future price movements.
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 Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour 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.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.

Encore Stock Analysis Notes

About 93.0% of the company outstanding shares are owned by institutional investors. The book value of Encore Wire was at this time reported as 111.91. The company has Price/Earnings To Growth (PEG) ratio of 2.09. Encore Wire recorded earning per share (EPS) of 21.62. The entity last dividend was issued on the 4th of April 2024. The firm 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 Quarterly Total Revenue

633.78 Million

Encore Wire Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Encore Wire's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Encore Wire or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Over 93.0% of the company outstanding shares are owned by institutional investors
Latest headline from time.com: Ex-Philippine Leader Duterte Rails Against President Marcos and the U.S. in Chinese Media

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.
13th of February 2024
Upcoming Quarterly Report
View
23rd of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
13th of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Encore Largest EPS Surprises

Earnings surprises can significantly impact Encore Wire's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2002-04-25
2002-03-310.090.10.0111 
2000-07-27
2000-06-300.080.07-0.0112 
1999-07-29
1999-06-300.040.03-0.0125 
View All Earnings Estimates

Encore Wire Thematic Classifications

In addition to having Encore Wire stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
Heavy Metals Idea
Heavy Metals
Industrial metals and minerals
Copper Idea
Copper
Copper production
Iron Idea
Iron
Steel and Iron production
Steel Works Etc Idea
Steel Works Etc
USA Equities from Steel Works Etc industry as classified by Fama & French

Encore Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Encore Wire is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Encore Wire backward and forwards among themselves. Encore Wire's institutional investor refers to the entity that pools money to purchase Encore Wire's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Geode Capital Management, Llc2023-12-31
346.2 K
Arrowstreet Capital Limited Partnership2023-12-31
313.9 K
American Century Companies Inc2023-12-31
310.2 K
Royce & Associates, Lp2023-12-31
302.2 K
Northern Trust Corp2023-12-31
259.8 K
Hhg Plc2023-12-31
238.7 K
Alliancebernstein L.p.2023-12-31
220.2 K
Charles Schwab Investment Management Inc2023-12-31
215.3 K
D. E. Shaw & Co Lp2023-09-30
209.8 K
Blackrock Inc2023-12-31
2.7 M
Vanguard Group Inc2023-12-31
1.7 M
Note, although Encore Wire's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Encore Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.12 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 0.14 %, 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 0.13 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.13.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.19  0.20 
Return On Capital Employed 0.25  0.20 
Return On Assets 0.19  0.20 
Return On Equity 0.21  0.17 

Management Efficiency

Encore Wire has return on total asset (ROA) of 0.1415 % which means that it generated a profit of $0.1415 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2089 %, meaning that it created $0.2089 on every $100 dollars invested by stockholders. Encore Wire's 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. At present, Encore Wire's Return On Assets are projected to increase slightly based on the last few years of reporting. At present, Encore Wire's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 1.3 B, whereas Other Current Assets are forecasted to decline to about 5 M.
Last ReportedProjected for Next Year
Book Value Per Share 103.57  108.75 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share 103.57  108.75 
Enterprise Value Over EBITDA 6.30  5.98 
Price Book Value Ratio 2.06  3.53 
Enterprise Value Multiple 6.30  5.98 
Price Fair Value 2.06  3.53 
Enterprise Value620.2 M651.2 M
The analysis of Encore Wire's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Encore Wire's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Encore Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.0003
Forward Dividend Yield
0.0003
Forward Dividend Rate
0.08
Beta
1.315

Technical Drivers

As of the 15th of April 2024, Encore Wire shows the Semi Deviation of 1.89, mean deviation of 1.71, and Downside Deviation of 2.27. 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 peers. 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 260.89 per share. Given that Encore Wire has jensen alpha of 0.2142, 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

Execute Study
The output start index for this execution was nineteen with a total number of output elements of fourty-two. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Encore Wire middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Encore Wire. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

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 Predictive Daily Indicators

Encore Wire intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Encore Wire stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Encore Wire Corporate Filings

28th of March 2024
Other Reports
ViewVerify
18th of March 2024
Other Reports
ViewVerify
F4
22nd of February 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10K
16th of February 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify
8K
13th of February 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
13A
9th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
13A
22nd of January 2024
An amended filing to the original Schedule 13G
ViewVerify
F4
17th of January 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Encore Wire Forecast Models

Encore Wire's time-series forecasting models are one of many Encore Wire's stock analysis techniques aimed at predicting 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 Next Year
Pretax Profit Margin 0.19  0.20 
Operating Profit Margin 0.18  0.18 
Net Profit Margin 0.15  0.15 
Gross Profit Margin 0.26  0.13 

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
238.67Strong Buy3Odds
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 Flow730.6 M
Common Stock Shares Outstanding17.2 M
Total Stockholder Equity1.7 B
Tax Provision136.3 M
Quarterly Earnings Growth Y O Y-0.504
Property Plant And Equipment Net756.9 M
Cash And Short Term Investments560.6 M
Cash560.6 M
Accounts Payable80.5 M
Net Debt-560.6 M
50 Day M A238.6466
Total Current Liabilities160.1 M
Other Operating Expenses2.1 B
Non Current Assets Total757.3 M
Non Currrent Assets Other-59.7 M
Stock Based Compensation21.5 M
When determining whether Encore Wire is a strong investment it is important to analyze Encore Wire's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Encore Wire's future performance. For an informed investment choice regarding Encore Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Encore Wire. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Encore Stock refer to our How to Trade Encore Stock guide.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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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
(0.50)
Dividend Share
0.08
Earnings Share
21.62
Revenue Per Share
152.179
Quarterly Revenue Growth
(0.09)
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 if Encore Wire is a good investment 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.