Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Encore Wire (NASDAQ:WIRE - Get Rating) had its price objective upped by DA Davidson from $175.00 to $190.00 in a research note issued on Wednesday, The Fly reports. DA Davidson's target price suggests a potential upside of 55.10% from the company's previous close.
Separately, StockNews.com raised shares of Encore Wire from a "hold" rating to a "buy" rating in a research note on Wednesday, May 18th.Encore Wire Stock Up 10.6 %
Encore Wire stock opened at $122.50 on Wednesday. The company has a market capitalization of $2.42 billion, a PE ratio of 3.59 and a beta of 1.15. The firm has a fifty day simple moving average of $115.86 and a two-hundred day simple moving average of $116.98. Encore Wire has a twelve month low of $69.80 and a twelve month high of $151.64.
Encore Wire (NASDAQ:WIRE - Get Rating) last posted its quarterly earnings results on Monday, July 25th. The electronics maker reported $10.71 earnings per share for the quarter, topping the consensus estimate of $5.14 by $5.57. The business had revenue of $838.20 million during the quarter, compared to the consensus estimate of $727.08 million. Encore Wire had a net margin of 23.24% and a return on equity of 51.83%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm posted $8.82 earnings per share. As a group, equities analysts expect that Encore Wire will post 19.18 earnings per share for the current fiscal year. Hedge Funds Weigh In On Encore Wire
Hedge funds have recently modified their holdings of the company. Schroder Investment Management Group purchased a new position in shares of Encore Wire during the fourth quarter valued at about $6,603,000. Allianz Asset Management GmbH increased its position in shares of Encore Wire by 103.6% during the fourth quarter. Allianz Asset Management GmbH now owns 23,451 shares of the electronics maker's stock valued at $3,356,000 after buying an additional 11,934 shares during the period. ProShare Advisors LLC increased its position in shares of Encore Wire by 58.9% during the fourth quarter. ProShare Advisors LLC now owns 4,948 shares of the electronics maker's stock valued at $708,000 after buying an additional 1,834 shares during the period. Sageworth Trust Co of South Dakota purchased a new position in shares of Encore Wire during the fourth quarter valued at about $42,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Encore Wire during the fourth quarter valued at about $2,857,000. Hedge funds and other institutional investors own 90.89% of the company's stock. Encore Wire Company Profile (Get Rating)
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company's products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products.See AlsoGet a free copy of the StockNews.com research report on Encore Wire (WIRE)McDonalds Just Confirmed Its Place As A Top Defensive StockWeighing Up Micron Technology (Bulls Vs. Bears)Canopy Growth Stock Slides, Analysts Divided Microsoft's Future Bright Despite Weaker Than Expected Q4 Earnings3 Mega Cap Tech Stocks to Mega Consider
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Encore Wire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Encore Wire wasn't on the list.
While Encore Wire currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
In this episode, Kate chats with Dan Raju, CEO of trading platform Tradier. Dan has a unique perspective on how traders and investors are behaving in these market conditions, as well as who’s trading what. You may be surprised at what he’s identified.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.