Encore Wire Corporation Announces Quarterly Dividend of $0.02 (WIRE)
Encore Wire Corporation (NASDAQ:WIRE) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Friday, October 6th will be paid a dividend of 0.02 per share by the electronics maker on Friday, October 20th. This represents a $0.08 annualized dividend and a yield of 0.20%. The ex-dividend date of this dividend is Thursday, October 5th.
Encore Wire Corporation (NASDAQ WIRE) traded up 1.24% during mid-day trading on Wednesday, hitting $40.70. 57,582 shares of the stock were exchanged. Encore Wire Corporation has a 52-week low of $33.70 and a 52-week high of $49.75. The stock has a market cap of $844.53 million, a PE ratio of 20.15 and a beta of 2.24. The stock’s 50 day moving average is $42.88 and its 200 day moving average is $43.70.
Encore Wire Corporation (NASDAQ:WIRE) last issued its quarterly earnings data on Tuesday, August 1st. The electronics maker reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.06. The company had revenue of $291.50 million for the quarter, compared to analysts’ expectations of $282.25 million. Encore Wire Corporation had a return on equity of 7.42% and a net margin of 4.01%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Analysts forecast that Encore Wire Corporation will post $2.23 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was first reported by Daily Political and is the property of of Daily Political. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/09/encore-wire-corporation-announces-quarterly-dividend-of-0-02-wire.html.
Several research firms recently commented on WIRE. Zacks Investment Research downgraded shares of Encore Wire Corporation from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, April 26th. TheStreet cut shares of Encore Wire Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 4th.
Encore Wire Corporation 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.
Receive News & Ratings for Encore Wire Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Wire Corporation and related companies with MarketBeat.com's FREE daily email newsletter.