Encore Stock Analysis

WIRE
 Stock
  

USD 145.47  0.52  0.36%   

The modest gains experienced by current holders of Encore Wire may raise some interest from shareholders as it is trading at a share price of 145.47 on 126,172 in trading volume. The company executives have been quite successful in maneuvering the stock at opportune times to take advantage of all market conditions in October. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.85. The current volatility is consistent with the ongoing market swings in October 2022 as well as with Encore Wire unsystematic, company-specific events.
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The Encore Wire stock analysis report makes it easy to digest most publicly released information about Encore Wire and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Encore Stock analysis module also helps to analyze the Encore Wire price relationship with some important fundamental indicators such as market cap and management efficiency.

Encore Stock Analysis Notes

About 101.0% of the company outstanding shares are owned by institutional investors. The book value of Encore Wire was at this time reported as 42.75. The company has Price/Earnings To Growth (PEG) ratio of 0.4. Encore Wire Cp last dividend was issued on the 6th of October 2022. The entity 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 972 562-4744 or visit www.encorewire.com.

Encore Wire Cp 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 Cp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Encore Wire Cp has a strong financial position based on the latest SEC filings
On 21st of October 2022 Encore Wire paid $ 0.02 per share dividend to its current shareholders

Encore Wire Cp 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 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 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 Cp 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.
Security TypeSharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K264 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K290 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.5 K364 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.4 K225 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.4 K180 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K188 K
Zurcher Kantonalbank Zurich CantonalbankCommon Shares2.8 K170 K
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 current market capitalization of 3.03 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 these 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 23.43 %, which can signify that it executes well on its competitive strategies and has good control over its expenditures. This is very large. Similarly, it shows Operating Margin (OM) of 30.88 %, which suggests for every 100 dollars of sales, it generated a net operating income of 0.31.
Last ReportedProjected for 2022
Return on Investment 64.24  69.31 
Return on Average Assets 43.37  46.79 
Return on Average Equity 49.74  53.67 
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 34.52 % which means that it generated profit of $34.52 on every $100 spent on asset. This is very large. Similarly, it shows return on stockholders equity (ROE) of 48.8 %, meaning that it created $48.8 on every $100 dollars invested by stockholders. Encore Wire management efficiency ratios could be used to measure how well encore wire cp 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 69.31. The current year Return on Average Assets is expected to grow to 46.79. 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 1.04 Billion. The current year Assets Non Current is expected to grow to about 273.4 M, whereas Tangible Assets Book Value per Share are forecasted to decline to 23.48.
Last ReportedProjected for 2022
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

Technical Drivers

As of the 30th of November, Encore Wire shows the Semi Deviation of 2.94, mean deviation of 2.15, and Downside Deviation of 3.06. 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 Cp, which can be compared to its rivals. Please confirm Encore Wire Cp information ratio, as well as the relationship between the potential upside and kurtosis to decide if Encore Wire Cp is priced favorably, providing market reflects its regular price of 145.47 per share. Given that Encore Wire has jensen alpha of (0.016651), we urge you to verify Encore Wire Cp's prevailing market performance to make sure the company can sustain itself at a future point.

Encore Wire Cp Price Movement Analysis

Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Cp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
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Encore Wire Cp 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 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 2022
Operating Margin 26.97  29.10 
EBITDA Margin 26.97  29.10 
Gross Margin 33.47  36.11 
Profit Margin 20.88  22.53 

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 Cp 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 Cp, talking to its executives and customers, or listening to Encore conference calls.
Encore Analyst Advice Details

Encore Stock Analysis Indicators

Encore Wire Cp 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.
Quick Ratio7.51
Trailing Annual Dividend Rate0.08
Fifty Two Week Low94.39
Revenue Growth6.40%
Payout Ratio0.23%
Average Daily Volume Last 10 Day173.99k
Shares Short Prior Month2.31M
Average Daily Volume In Three Month260.4k
Earnings Growth17.20%
Shares Percent Shares Out13.00%
Earnings Quarterly Growth9.20%
Gross Margins36.50%
Forward Price Earnings9.31
Short Percent Of Float18.71%
Float Shares17.76M
Fifty Two Week High155.35
Fifty Day Average131.37
Enterprise Value To Ebitda2.12
Two Hundred Day Average122.96
Enterprise Value To Revenue0.65
Trailing Annual Dividend Yield0.05%
Check out Your Current Watchlist. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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When running Encore Wire Cp 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 YOY
0.17
Market Capitalization
2.6 B
Quarterly Revenue Growth YOY
0.064
Return On Assets
0.35
Return On Equity
0.49
The market value of Encore Wire Cp 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.