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:
- Frank J. Bilban Sells 8,924 Shares of Encore Wire Co. (WIRE) Stock (americanbankingnews.com)
- East delivers soulful country with ‘Encore’ (toledoblade.com)
- Encore Wire (WIRE) Upgraded by BidaskClub to Buy (americanbankingnews.com)
- Encore Wire Co. (WIRE) VP Frank J. Bilban Sells 15,000 Shares (americanbankingnews.com)
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.
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.
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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.
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