Headlines about Encore Wire Corporation (NASDAQ:WIRE) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Encore Wire Corporation earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.4311075453874 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Zacks Investment Research downgraded shares of Encore Wire Corporation from a “strong-buy” rating to a “sell” rating in a report on Wednesday, April 26th.
Encore Wire Corporation (NASDAQ WIRE) opened at 44.70 on Friday. Encore Wire Corporation has a 12-month low of $33.70 and a 12-month high of $49.75. The company has a market cap of $927.44 million, a P/E ratio of 23.90 and a beta of 2.23. The stock’s 50 day moving average is $43.00 and its 200 day moving average is $43.73.
Encore Wire Corporation (NASDAQ:WIRE) last announced its quarterly earnings results on Tuesday, May 2nd. The electronics maker reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.14. The company had revenue of $279.39 million for the quarter, compared to analyst estimates of $280 million. Encore Wire Corporation had a net margin of 3.91% and a return on equity of 7.01%. On average, equities analysts forecast that Encore Wire Corporation will post $2.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Wednesday, July 5th. Encore Wire Corporation’s dividend payout ratio (DPR) is presently 4.28%.
Encore Wire Corporation Company Profile
Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings.
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