Home News Present Change: Encore Wire Corporation (NASDAQ: WIRE)

Present Change: Encore Wire Corporation (NASDAQ: WIRE)

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Encore Wire Corporation trades as part of the technology sector and computer hardware industry. The company CEO is Daniel L. Jones. Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing.

Previous Intraday Trading Performance:

The WIRE stock showed a previous change of -0.55% with an open at 60.26 and a close of 59.57. It reached an intraday high of 60.76 and a low of 59.44.

Business Wire:  Encore Wire Announces Cash Dividend

Liquidity:

The stock has a market cap of $1.2b with 20.9m shares outstanding, of which the float is 19.9m shares. Trading volume reached 96,077 shares compared to its average volume of 99,141 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Encore Wire Corporation shares returned 2.65% and in the past 30 trading days it returned 11.62%. Over three months, it changed 25.41%. In one year it has changed 4.95% and within that year its 52-week high was 60.76 and its 52-week low was 40.96. WIRE stock is 45.43% above its 52 Week Low.

Our calculations show a 200 day moving average of 50.27 and a 50 day moving average of 54.69. Currently WIRE stock is trading 18.50% above its 200 day moving average.

SeekingAlpha:  Encore Wire Corporation (WIRE) CEO Daniel Jones on Q4 2018 Results – Earnings Call Transcript

Earnings:

The last annual fiscal EPS for the company was reported at 3.73 that ended on 31st of December 2018, which according to the previous close, that is a PE of 15.97. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.73. The TTM EPS is 3.73, which comes to a TTM PE of 15.97. Historically, the PE high was 30.50 and the PE low was 12.80. If the stock reached its PE low, that would represent a price of 47.75, which is a decrease of -19.85%.

The following are the last four quarter reported earnings per share:
12-31-2018:  1.20
09-30-2018:  1.13
06-30-2018:  0.86
03-31-2018:  0.54

The dividend per share is currently 0.08, which is a dividend yield of 0.13%. Also, the payout ratio is 2.14%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 38.65, which means it may be overvalued by -54.14%

Indicators to Watch:

Based on the latest filings, there is 131.00% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.41

SeekingAlpha:  Encore Wire +3% post Q4 results beats

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 11.71%, return on assets is 10.28%, profit margin is 6.15%, price-to-sales is 0.97 and price-to-book is 1.74.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 4  :Past Performance Score
 6  :Financial Strength Score
 0  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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