Sidoti downgraded Encore Wire from Buy to Neutral and set a new price target of $65 from $59 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/11/2023 | $235.00 | Market Outperform | CJS Securities |
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
Protagonist Therapeutics to replace Encore 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 is acquiring Encore Wire in a deal expected to be completed soon pending final conditions.
The company expects total capital expenditures to range from $130 - $150 million in 2024, $130 - $150 million in 2025, and $100 - $120 million in 2026.
Encore Wire (NASDAQ:WIRE) reported quarterly earnings of $3.92 per share which beat the analyst consensus estimate of $3.65 by 7.4 percent. This is a 39.69 percent decrease over earnings of $6.50 per share from the same period last year. The company reported quarterly sales of $632.661 million which beat the analyst consensus estimate of $589.846 million by 7.26 percent. This is a 4.21 percent decrease over sales of $660.492 million the same period last year.
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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
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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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