Encore Wire stock has undergone multiple analysts rating changes in the recent past. Encore Wire Upgraded by Zacks Investment Research on 10/30/2021. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.
Shares of Encore Wire traded up $2.45 on Friday, reaching $134.06. 379097 shares of the stock traded hands, compared to its average volume of 229602. Shares of Encore Wire were trading at $134.06 on Friday. The firm’s 50 day moving average is $97.14 and its 200 day moving average is $79.02.Encore Wire has a 12 month low of $132.20 and a 12 month high of $136.69. While on yearly highs and lows, Encore Wire’s today has traded high as $136.69 and has touched $132.20 on the downward trend. See More Analyst Rating at: RATING
Encore Wire Earnings and What to expect:
Encore Wire last announced its quarterly earnings data on October 26th, 2021. The electronics maker reported $8.51 EPS for the quarter, topping the consensus estimate of $2.92 by $5.59. The company had revenue of $716.32 million for the quarter, compared to analyst estimates of $587.34 million. Its revenue was up 110.9% on a year-over-year basis. Encore Wire has generated $3.68 earnings per share over the last year ($13.00 diluted earnings per share) and currently has a price-to-earnings ratio of 10.3. Earnings for Encore Wire are expected to decrease by -41.96% in the coming year, from $15.92 to $9.24 per share. Encore Wire has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, February 15th, 2022 based off prior year’s report dates.
Earnings for Encore Wire are expected to decrease by -41.96% in the coming year, from $15.92 to $9.24 per share. The P/E ratio of Encore Wire is 10.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.79. The P/E ratio of Encore Wire is 10.31, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 28.21. Encore Wire has a P/B Ratio of 3.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Encore Wire (NASDAQ:WIRE) Moving Average Technical Analysis
5 day Moving Average is $124.16 And 5 day price change is $21.17 (18.75%) with average volume for 5 day average is 359,960. While technical analysis for average 20 days shows significant difference, 20 day moving average is $110.13 and 20 day price change is $39.01 (41.04%) and average 20 day moving volume is 225,550. 50 day moving average is $97.14 and 50 day price change is $49.86 ( 59.22%) and with average volume for 50 days is : 180,094. 200 day moving average is $79.02 and 200 day price change is $71.72 (115.05%) and with average volume for 200 days is : 133,466.
Other owners latest trading in Encore Wire :
- On 10/29/2021 shares held by Maryland State Retirement & Pension System were 8,125 which equates to market value of $0.81M and appx 0.00% owners of Encore Wire
- On 10/29/2021 shares held by Amalgamated Bank were 9,930 which equates to market value of $0.94M and appx 0.00% owners of Encore Wire
- On 10/29/2021 shares held by Oppenheimer & Close LLC were 2,550 which equates to market value of $0.24M and appx 0.20% owners of Encore Wire
- In total Institutional ownership equates to Institutional Ownership Percentage: 88.25% for Encore Wire
See More Analyst Rating at: RATING