Encore Wire Corp. (WIRE) Set to Announce Quarterly Earnings on Friday
Encore Wire Corp. (NASDAQ:WIRE) is scheduled to be announcing its Q313 earnings results on Friday, October 25th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $284.65 million for the quarter.
Encore Wire Corp. (NASDAQ:WIRE) opened at 42.96 on Thursday. Encore Wire Corp. has a 52-week low of $28.05 and a 52-week high of $42.48. The stock has a 50-day moving average of $39.95 and a 200-day moving average of $35.71. The company has a market cap of $888.1 million and a price-to-earnings ratio of 27.26.
A number of research firms have recently commented on WIRE. Analysts at DA Davidson upgraded shares of Encore Wire Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $52.00 price target on the stock, up previously from $41.00. On a related note, analysts at Zacks downgraded shares of Encore Wire Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. They now have a $44.10 price target on the stock. Finally, analysts at Zacks upgraded shares of Encore Wire Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, August 23rd. They now have a $42.10 price target on the stock.
Encore Wire Corporation (NASDAQ:WIRE) is a manufacturer of electrical building wire and cable.
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