Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2 cables and metal-clad and armored cables for use as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; USE-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers' representatives. Encore Wire Corporation was incorporated in 1989 and is headquartered in McKinney, Texas.
IPO Year: 1992
Exchange: NASDAQ
Website: encorewire.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
10/11/2023 | $235.00 | Market Outperform | CJS Securities |
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
4 - ENCORE WIRE CORP (0000850460) (Issuer)
NEW YORK, June 27, 2024 /PRNewswire/ -- Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 3, 2024 S&P SmallCap 600 Addition Protagonist Therapeutics PTGX Health Care S&P SmallCap 600 Deletion Encore Wire WIRE Industrials For more information a
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on July 19, 2024 to stockholders of record at the close of business on July 5, 2024." Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers' needs today and in the future. The Company focuses on maintaining a low-cost of production while providing exceptional customer ser
Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the first quarter of 2024. First Quarter Highlights First Quarter Earnings per diluted share of $3.92 First Quarter Net Income of $63.3 million Gross Profit of 21.5% in the first quarter of 2024; 31.1% in the first quarter of 2023 Copper volume shipped in the first quarter of 2024 increased 19.7% over the first quarter of 2023 Cash on hand of $614.1 million as of March 31, 2024; $560.6 million as of December 31, 2023 Capital expenditures of $34.2 million in the first quarter of 2024 Net sales for the first quarter ended March 31, 2024 were $632.7 million c
Encore Wire (NASDAQ:WIRE) today announced that it has entered into a definitive merger agreement under which Prysmian (BIT: PRY) will acquire Encore Wire for $290.00 per share in cash (the "Transaction"). The Transaction represents a premium of approximately 20% to the 30-day volume weighted average share price (VWAP) as of Friday, April 12, 2024 and approximately 29% to the 90-day VWAP as of the same date. At the terms of the Transaction, Encore Wire's implied Enterprise Value is approximately €3.9 billion1 representing a multiple of 8.2x EV/2023A EBITDA and 6.3x EV/2023A EBITDA including run rate synergies. "We are pleased to have reached an agreement that reflects the remarkable valu
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on April 19, 2024 to stockholders of record at the close of business on April 5, 2024. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders' commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet." Encore Wire Corporation is a leading manuf
Shipped Record Copper Pounds in Fourth Quarter; Represents Strongest Volume Quarter of 2023 Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Fourth Quarter Earnings per Diluted Share of $4.10; Full Year 2023 Earnings per Diluted Share of $21.62 Fourth Quarter Net income of $66.1 million; Full Year 2023 Net income of $372.4 million Fourth Quarter Gross profit of 21.5%; Full Year 2023 Gross profit of 25.5% Fourth Quarter Copper unit volumes up 5.9% over the third quarter of 2023 Fourth Quarter Copper unit volumes up 18.8% over the fourth quarter
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company will release fourth quarter and full year 2023 earnings on Tuesday, February 13, 2024, after stock market close. The Company will host a conference call to discuss the fourth quarter and full year 2023 results followed by a Q&A session: Date: Wednesday, February 14, 2024 Time: 11:00 a.m. Eastern 10:00 a.m. Central 9:00 a.m. Mountain 8:00 a.m. Pacific Attendants may register at https://registrations.events/direct/ENC60463 to participate in the call. A c
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders' commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet." Encore Wire Corporation is a leading m
Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the third quarter of 2023. Third Quarter and YTD 2023 Highlights Third Quarter Earnings per diluted share of $4.82; YTD Earnings per diluted share of $17.40 Third Quarter Net Income of $82.1 million; YTD Net Income of $306.3 million Gross Profit of 23.3% in the third quarter of 2023; 26.9% YTD in 2023 Cash on hand of $581.8 million as of September 30, 2023; $730.6 million as of December 31, 2022 Capital expenditures of $118.6 million YTD in 2023 Company repurchased 710,083 shares during the quarter and 2,185,492 YTD in 2023 Total cash outlay for share repu
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company will release third quarter 2023 earnings on Tuesday, October 24, 2023, after stock market close. The Company will host a conference call to discuss the third quarter 2023 results followed by a Q&A session: Date: Wednesday, October 25, 2023 Time: 11:00 a.m. Eastern 10:00 a.m. Central 9:00 a.m. Mountain 8:00 a.m. Pacific Attendants may register at https://registrations.events/direct/ENC60443 to participate in the call. All registrants will receive a confirmation ema
CJS Securities initiated coverage of Encore Wire with a rating of Market Outperform and set a new price target of $235.00
DA Davidson reiterated coverage of Encore Wire with a rating of and set a new price target of $80.00 from $70.00 previously
Sidoti downgraded Encore Wire from Buy to Neutral and set a new price target of $65 from $59 previously
Sidoti & Co. downgraded Encore Wire from Buy to Neutral
Sidoti & Co. downgraded Encore Wire from Buy to Neutral
NEW YORK, June 27, 2024 /PRNewswire/ -- Protagonist Therapeutics Inc. (NASD: PTGX) will replace Encore Wire Corp. (NASD: WIRE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 3. S&P Europe 350 constituent Prysmian SpA (MTAA: PRY) is acquiring Encore Wire in a deal expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector July 3, 2024 S&P SmallCap 600 Addition Protagonist Therapeutics PTGX Health Care S&P SmallCap 600 Deletion Encore Wire WIRE Industrials For more information a
Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that Bret J. Eckert has been appointed to the role of Executive Vice President. In addition to this role, Mr. Eckert will continue to serve as the Company's Chief Financial Officer. Mr. Eckert joined Encore Wire Corporation in September 2019 as Vice President – Finance, formally assuming the role of Chief Financial Officer of Encore Wire Corporation on January 1, 2020. Prior to joining Encore, Bret served as Executive Managing Director for the Houston office of Riveron Consulting LLC from June 2018 to August 2019. Previously he was Senior Vice President and CFO of Atmos Energy Corporation in Dallas for approximately five
Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that the Board of Directors has acted unanimously and appointed W. Kelvin Walker as a director of Encore Wire Corporation effective August 24, 2022. The appointment of Mr. Walker is being made to fill the vacancy on the Board caused by the resignation of Gregory J. Fisher. The Board has appointed Mr. Walker to serve on the Audit Committee, the Nominating and Corporate Governance Committee, the Sustainability Committee, and the Compensation Committee. Mr. Walker has served since March 2019 as Chief Executive Officer of the Dallas Citizens Council, a non-profit organization made up of over 150 chief executive officers and o
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Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on July 19, 2024 to stockholders of record at the close of business on July 5, 2024." Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers' needs today and in the future. The Company focuses on maintaining a low-cost of production while providing exceptional customer ser
Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the first quarter of 2024. First Quarter Highlights First Quarter Earnings per diluted share of $3.92 First Quarter Net Income of $63.3 million Gross Profit of 21.5% in the first quarter of 2024; 31.1% in the first quarter of 2023 Copper volume shipped in the first quarter of 2024 increased 19.7% over the first quarter of 2023 Cash on hand of $614.1 million as of March 31, 2024; $560.6 million as of December 31, 2023 Capital expenditures of $34.2 million in the first quarter of 2024 Net sales for the first quarter ended March 31, 2024 were $632.7 million c
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on April 19, 2024 to stockholders of record at the close of business on April 5, 2024. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders' commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet." Encore Wire Corporation is a leading manuf
Shipped Record Copper Pounds in Fourth Quarter; Represents Strongest Volume Quarter of 2023 Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced results for the fourth quarter and year ended December 31, 2023. Fourth Quarter and Full Year 2023 Highlights Fourth Quarter Earnings per Diluted Share of $4.10; Full Year 2023 Earnings per Diluted Share of $21.62 Fourth Quarter Net income of $66.1 million; Full Year 2023 Net income of $372.4 million Fourth Quarter Gross profit of 21.5%; Full Year 2023 Gross profit of 25.5% Fourth Quarter Copper unit volumes up 5.9% over the third quarter of 2023 Fourth Quarter Copper unit volumes up 18.8% over the fourth quarter
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company will release fourth quarter and full year 2023 earnings on Tuesday, February 13, 2024, after stock market close. The Company will host a conference call to discuss the fourth quarter and full year 2023 results followed by a Q&A session: Date: Wednesday, February 14, 2024 Time: 11:00 a.m. Eastern 10:00 a.m. Central 9:00 a.m. Mountain 8:00 a.m. Pacific Attendants may register at https://registrations.events/direct/ENC60463 to participate in the call. A c
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on January 19, 2024 to stockholders of record at the close of business on January 5, 2024. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders' commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet." Encore Wire Corporation is a leading m
Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the third quarter of 2023. Third Quarter and YTD 2023 Highlights Third Quarter Earnings per diluted share of $4.82; YTD Earnings per diluted share of $17.40 Third Quarter Net Income of $82.1 million; YTD Net Income of $306.3 million Gross Profit of 23.3% in the third quarter of 2023; 26.9% YTD in 2023 Cash on hand of $581.8 million as of September 30, 2023; $730.6 million as of December 31, 2022 Capital expenditures of $118.6 million YTD in 2023 Company repurchased 710,083 shares during the quarter and 2,185,492 YTD in 2023 Total cash outlay for share repu
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company will release third quarter 2023 earnings on Tuesday, October 24, 2023, after stock market close. The Company will host a conference call to discuss the third quarter 2023 results followed by a Q&A session: Date: Wednesday, October 25, 2023 Time: 11:00 a.m. Eastern 10:00 a.m. Central 9:00 a.m. Mountain 8:00 a.m. Pacific Attendants may register at https://registrations.events/direct/ENC60443 to participate in the call. All registrants will receive a confirmation ema
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company's Board of Directors has declared a cash dividend. Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, "This two-cent per share dividend will be paid on October 20, 2023 to stockholders of record at the close of business on October 6, 2023. Any future quarterly dividends will be paid subject to earnings and cash flow considerations. We appreciate our stockholders' commitment to the continued growth of Encore Wire. We will continue to manage the Company for the long-term and strive to protect our strong balance sheet." Encore Wire Corporation is a leading m
Encore Wire Corporation (NASDAQ Global Select: WIRE) ("Encore Wire" or the "Company") today announced results for the second quarter of 2023. Second Quarter and YTD 2023 Highlights Second Quarter Earnings per diluted share of $6.01; YTD Earnings per diluted share of $12.53 Second Quarter Net Income of $104.7 million; YTD Net Income of $224.2 million Gross Profit of 26.1% in the second quarter of 2023; 28.6% YTD in 2023 Cash on hand of $667.8 million as of June 30, 2023; $730.6 million as of December 31, 2022 Capital expenditures of $74.7 million YTD in 2023 Company repurchased 772,931 shares during the quarter and 1,475,409 YTD in 2023 Total cash outlay for share repu