News coverage about Encore Wire Corporation (NASDAQ:WIRE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encore Wire Corporation earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.4044013277705 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Encore Wire Corporation (NASDAQ:WIRE) opened at 39.80 on Friday. Encore Wire Corporation has a 52 week low of $33.70 and a 52 week high of $49.75. The stock has a 50 day moving average of $41.45 and a 200-day moving average of $43.37. The stock has a market cap of $826.13 million, a PE ratio of 19.70 and a beta of 2.24.
Encore Wire Corporation (NASDAQ:WIRE) last announced its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $282.25 million. Encore Wire Corporation had a net margin of 4.01% and a return on equity of 7.42%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Equities research analysts predict that Encore Wire Corporation will post $2.23 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, October 6th will be issued a $0.02 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.08 dividend on an annualized basis and a yield of 0.20%. Encore Wire Corporation’s payout ratio is currently 3.98%.
A number of equities analysts have recently commented on the stock. TheStreet lowered shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a report on Friday, August 4th. BidaskClub lowered shares of Encore Wire Corporation from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of Encore Wire Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
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About Encore Wire Corporation
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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