Encore Wire (WIRE) Receiving Somewhat Positive News Coverage, Analysis Shows

News headlines about Encore Wire (NASDAQ:WIRE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Encore Wire earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 45.7609925490995 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s rankings:

A number of equities research analysts have commented on the company. BidaskClub upgraded Encore Wire from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. TheStreet upgraded Encore Wire from a “c+” rating to a “b” rating in a report on Monday, October 23rd. Sidoti assumed coverage on Encore Wire in a report on Thursday, October 19th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research cut Encore Wire from a “hold” rating to a “strong sell” rating in a report on Thursday, November 2nd.

Shares of Encore Wire (NASDAQ:WIRE) opened at $52.20 on Friday. The company has a market capitalization of $1,086.54, a price-to-earnings ratio of 21.84, a price-to-earnings-growth ratio of 2.47 and a beta of 2.31. Encore Wire has a fifty-two week low of $37.30 and a fifty-two week high of $52.50.

Encore Wire (NASDAQ:WIRE) last announced its earnings results on Tuesday, October 31st. The electronics maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. The firm had revenue of $292.00 million for the quarter, compared to analysts’ expectations of $279.60 million. Encore Wire had a return on equity of 8.42% and a net margin of 4.53%. Encore Wire’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS. research analysts expect that Encore Wire will post 2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Friday, January 5th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date was Thursday, January 4th. Encore Wire’s dividend payout ratio is presently 3.35%.

In other Encore Wire news, VP Frank J. Bilban sold 4,136 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.50, for a total transaction of $196,460.00. Following the transaction, the vice president now owns 61,150 shares of the company’s stock, valued at approximately $2,904,625. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Frank J. Bilban sold 15,000 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the transaction, the vice president now directly owns 34,900 shares in the company, valued at approximately $1,762,450. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,531 shares of company stock worth $2,508,164. Corporate insiders own 3.79% of the company’s stock.

WARNING: This piece was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3148852/encore-wire-wire-receiving-somewhat-positive-news-coverage-analysis-shows.html.

About Encore Wire

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.

Insider Buying and Selling by Quarter for Encore Wire (NASDAQ:WIRE)

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.