Encore Wire (NASDAQ:WIRE – Get Free Report) released its quarterly earnings data on Tuesday. The electronics maker reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.27, Briefing.com reports. The firm had revenue of $632.66 million during the quarter, compared to analysts’ expectations of $579.64 million. Encore Wire had a net margin of 12.45% and a return on equity of 17.77%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $6.50 earnings per share.
Encore Wire Trading Up 0.2 %
Shares of WIRE traded up $0.62 during trading hours on Friday, reaching $284.68. The stock had a trading volume of 129,422 shares, compared to its average volume of 262,624. Encore Wire has a 12 month low of $146.36 and a 12 month high of $295.90. The firm has a 50-day simple moving average of $248.36 and a 200 day simple moving average of $218.64. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 15.07 and a beta of 1.31.
Encore Wire Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date was Thursday, April 4th. Encore Wire’s dividend payout ratio is currently 0.42%.
Analyst Ratings Changes
Check Out Our Latest Report on WIRE
Encore Wire Company Profile
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.
Featured Stories
- Five stocks we like better than Encore Wire
- Stock Analyst Ratings and Canadian Analyst Ratings
- 3 Stocks Leading the U.S. Agriculture Comeback
- Retail Stocks Investing, Explained
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Election Stocks: How Elections Affect the Stock Market
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Encore Wire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Wire and related companies with MarketBeat.com's FREE daily email newsletter.