Encore Wire (WIRE) Set to Announce Earnings on Tuesday

Encore Wire (NASDAQ:WIRE) is scheduled to be announcing its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.

Encore Wire (WIRE) traded up $0.90 during trading on Friday, reaching $48.30. The company had a trading volume of 51,689 shares, compared to its average volume of 62,789. The stock has a market cap of $986.64, a PE ratio of 20.21, a PEG ratio of 2.25 and a beta of 2.26. Encore Wire has a 1 year low of $37.30 and a 1 year high of $52.65.

In other Encore Wire news, CFO Frank J. Bilban sold 8,924 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $51.52, for a total value of $459,764.48. Following the sale, the chief financial officer now directly owns 19,900 shares of the company’s stock, valued at approximately $1,025,248. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Frank J. Bilban sold 15,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $50.50, for a total value of $757,500.00. Following the completion of the sale, the vice president now directly owns 34,900 shares in the company, valued at $1,762,450. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,395 shares of company stock valued at $2,311,704. 3.79% of the stock is currently owned by company insiders.

A number of analysts recently commented on WIRE shares. Zacks Investment Research cut Encore Wire from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 2nd. BidaskClub upgraded Encore Wire from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. TheStreet upgraded Encore Wire from a “c+” rating to a “b” rating in a research report on Monday, October 23rd. Finally, Sidoti upgraded Encore Wire from a “neutral” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, December 6th.

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Encore Wire Company Profile

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.

Earnings History for Encore Wire (NASDAQ:WIRE)

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