Encore Wire Corporation (WIRE) Receiving Somewhat Favorable News Coverage, Study Finds
Media headlines about Encore Wire Corporation (NASDAQ:WIRE) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Encore Wire Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the electronics maker an impact score of 46.9062176128793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Encore Wire Corporation (NASDAQ:WIRE) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Encore Wire Corporation to Issue Quarterly Dividend of $0.02 (NASDAQ:WIRE) (americanbankingnews.com)
- Encore Wire Corporation (NASDAQ:WIRE) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- Q3 2017 EPS Estimates for Encore Wire Corporation (WIRE) Lowered by DA Davidson (americanbankingnews.com)
WIRE has been the subject of several research analyst reports. Zacks Investment Research cut Encore Wire Corporation from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, April 26th. TheStreet cut Encore Wire Corporation from a “b” rating to a “c+” rating in a research note on Friday, August 4th.
Encore Wire Corporation (NASDAQ WIRE) opened at 39.00 on Friday. The stock has a market capitalization of $809.52 million, a PE ratio of 19.31 and a beta of 2.24. Encore Wire Corporation has a 52 week low of $33.70 and a 52 week high of $49.75. The stock has a 50 day moving average price of $42.52 and a 200 day moving average price of $43.63.
Encore Wire Corporation (NASDAQ:WIRE) last posted its earnings results on Tuesday, August 1st. The electronics maker reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.06. Encore Wire Corporation had a net margin of 4.01% and a return on equity of 7.42%. The firm had revenue of $291.50 million during the quarter, compared to analysts’ expectations of $282.25 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts forecast that Encore Wire Corporation will post $2.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, October 6th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Thursday, October 5th. Encore Wire Corporation’s payout ratio is currently 3.98%.
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About Encore Wire Corporation
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.
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