Encore Stock Today

WIRE Stock  USD 170.35  1.45  0.84%   
Market Performance
12 of 100
Odds Of Distress
Less than 37
Encore Wire is trading at 170.35 as of the 7th of February 2023, a -0.84 percent down since the beginning of the trading day. The stock's lowest day price was 169.37. Encore Wire has about a 37 percent probability of financial distress in the next few years of operation but had a somewhat good performance during the last 90 days. Equity ratings for Encore Wire are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of February 2021 and ending today, the 7th of February 2023. Click here to learn more.
CUSIP
292562105
Fiscal Year End
December
Business Domain
Capital Goods
IPO Date
16th of July 1992
Category
Industrials
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. The company has 18.34 M outstanding shares of which 2.47 M shares are at this time shorted by private and institutional investors with about 14.29 trading days to cover. More on Encore Wire

Moving together with Encore Wire

+0.74AALAmerican Airlines Aggressive PushPairCorr
+0.66CECOCECO Environmental Corp Symbol ChangePairCorr
+0.74DALDelta Air Lines Aggressive PushPairCorr

Encore Wire Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Encore Wire's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Encore Wire or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman, CEO and PresDaniel Jones
Fama & French Classification
Average Analyst Recommendation
Analysts covering Encore Wire report their recommendations after researching Encore Wire's financial statements, talking to executives and customers, or listening in on Encore Wire's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Encore Wire. The Encore consensus assessment is calculated by taking the average forecast from all of the analysts covering Encore Wire.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Encore Wire based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Encore Wire financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
HealthyDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted24.8 M23.7 M
Sufficiently Up
Up
Very volatile
Weighted Average Shares24.7 M23.5 M
Sufficiently Up
Up
Very volatile
Return on Average Assets42.1139.03
Significantly Up
Up
Slightly volatile
Net Cash Flow from Operations406.3 M376.6 M
Significantly Up
Up
Slightly volatile
Current Liabilities149.6 M138.7 M
Significantly Up
Up
Slightly volatile
Total Liabilities185.9 M172.3 M
Significantly Up
Up
Slightly volatile
Gross Margin32.530.12
Significantly Up
Up
Slightly volatile
Total Debt102.7 M115.5 M
Fairly Down
Up
Slightly volatile
Asset Turnover2.332.39
Fairly Down
Down
Very volatile
Current AssetsB931.5 M
Significantly Up
Up
Slightly volatile
Total Assets1.5 B1.4 B
Significantly Up
Up
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Encore Wire's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyOvervalued
Financial Strength
Encore Wire's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Encore Wire's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Encore Wire's financial leverage. It provides some insight into what part of Encore Wire's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Encore Wire's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Encore Wire deploys its capital and how much of that capital is borrowed.
Liquidity
Encore Wire cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. As of February 7, 2023, Long Term Debt to Equity is expected to decline to 0.29. In addition to that, Average Equity is expected to decline to about 404.6 MThe company has a current ratio of 8.37, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Encore Wire until it has trouble settling it off, either with new capital or with free cash flow. So, Encore Wire's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Encore Wire sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Encore to invest in growth at high rates of return. When we think about Encore Wire's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

406.31 Million
Encore Wire (WIRE) is traded on NASDAQ Exchange in USA and employs 1,440 people. Encore Wire is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.15 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 Wire conducts business under Electrical Equipment sector and is part of Industrials industry. The entity has 18.34 M outstanding shares of which 2.47 M shares are at this time shorted by private and institutional investors with about 14.29 trading days to cover. Encore Wire currently holds about 573.58 M in cash with 418.42 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 31.34.
Check Encore Wire Probability Of Bankruptcy
Ownership
Encore Wire retains a total of 18.34 Million outstanding shares. The majority of Encore Wire outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Encore Wire to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Encore Wire. Please pay attention to any change in the institutional holdings of Encore Wire as this could imply that something significant has changed or about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation

Check Encore Ownership Details

Encore Stock Price Odds Analysis

What are Encore Wire's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Encore Wire jumping above the current price in 90 days from now is near 1%. The Encore Wire probability density function shows the probability of Encore Wire stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.2997. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Encore Wire will likely underperform. Additionally, the company has an alpha of 0.1881, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 170.35HorizonTargetOdds Above 170.35
99.78%90 days
 170.35 
0.21%
Based on a normal probability distribution, the odds of Encore Wire to move above the current price in 90 days from now is near 1 (This Encore Wire probability density function shows the probability of Encore Stock to fall within a particular range of prices over 90 days) .

Encore Wire Historical Income Statement

Encore Wire Income Statement is one of the three primary financial statements used for reporting Encore's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Encore Wire revenue and expense. Encore Wire Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Encore Wire Earning Before Interest and Taxes EBIT is projected to increase significantly based on the last few years of reporting. The past year's Earning Before Interest and Taxes EBIT was at 58.44 Million. The current year Interest Expense is expected to grow to about 312.8 K, whereas Cost of Revenue is forecasted to decline to about 710.1 M. View More Fundamentals

Encore Stock Against Markets

Picking the right benchmark for Encore Wire stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Encore Wire stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Encore Wire is critical whether you are bullish or bearish towards Encore Wire at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Encore Wire without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Encore Wire Corporate Directors

Encore Wire corporate directors refer to members of an Encore Wire board of directors. The board of directors generally takes responsibility for the Encore Wire's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Encore Wire's board members must vote for the resolution. The Encore Wire board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gregory Fisher - Independent DirectorProfile
John Wilson - Independent DirectorProfile
William Thomas - Independent DirectorProfile
Scott Weaver - Independent DirectorProfile

Invested in Encore Wire?

The danger of trading Encore Wire is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Encore Wire is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Encore Wire. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Encore Wire is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for analysis

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.
CEO Directory
Screen CEOs from public companies around the world
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Piotroski F Score
Get Piotroski F Score based on binary analysis strategy of nine different fundamentals
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Equity Valuation
Check real value of public entities based on technical and fundamental data
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
3.2 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.