Press coverage about Encore Wire Corporation (NASDAQ:WIRE) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Encore Wire Corporation earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 46.1196070147069 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Encore Wire Corporation (WIRE) traded down 0.39% during midday trading on Friday, reaching $38.20. 62,818 shares of the company traded hands. Encore Wire Corporation has a 12 month low of $33.70 and a 12 month high of $49.75. The company’s 50-day moving average price is $41.89 and its 200 day moving average price is $43.47. The firm has a market capitalization of $792.92 million, a PE ratio of 18.91 and a beta of 2.24.
Encore Wire Corporation (NASDAQ:WIRE) last posted its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.06. Encore Wire Corporation had a net margin of 4.01% and a return on equity of 7.42%. The company had revenue of $291.50 million for the quarter, compared to analyst estimates of $282.25 million. During the same period in the prior year, the company earned $0.38 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, equities analysts anticipate that Encore Wire Corporation will post $2.23 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, October 6th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date is Thursday, October 5th. Encore Wire Corporation’s dividend payout ratio (DPR) is presently 3.98%.
WIRE has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Encore Wire Corporation from a “strong-buy” rating to a “sell” rating in a report on Wednesday, April 26th. BidaskClub downgraded shares of Encore Wire Corporation from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, TheStreet downgraded shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 4th.
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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