Encore Wire is a American stock, trading under the symbol WIRE-Q on the NASDAQ (WIRE). It is usually referred to as NASDAQ:WIRE or WIRE-Q
In the last year, 2 stock analysts published opinions about WIRE-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Encore Wire.
Encore Wire was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Encore Wire.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Encore Wire In the last year. It is a trending stock that is worth watching.
On 2023-12-01, Encore Wire (WIRE-Q) stock closed at a price of $188.39.
WIRE is still up 17% YTD and 51% over 52 weeks.
It is cheap at 7X earnings but lower earnings are expected this year. It has no debt and $730M cash.
Free cash flow is nice $540M last year). Insiders own 5% and there has been some buying.
The last quarter was a very strong 'beat' and it has shown pretty consistent growth over the last decade.
It is cyclical, and there is a 12% short interest, but we like what we see here at the current valuation.
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