Encore Wire (NASDAQ:WIRE – Get Free Report) announced its quarterly earnings results on Tuesday. The electronics maker reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.65 by $0.27, Briefing.com reports. Encore Wire had a net margin of 12.45% and a return on equity of 17.77%. The business had revenue of $632.66 million during the quarter, compared to analysts’ expectations of $579.64 million. During the same period last year, the business earned $6.50 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis.
Encore Wire Trading Up 0.2 %
NASDAQ WIRE traded up $0.62 during trading on Friday, reaching $284.68. 129,422 shares of the company’s stock were exchanged, compared to its average volume of 262,624. The firm has a market capitalization of $4.49 billion, a PE ratio of 15.07 and a beta of 1.31. Encore Wire has a fifty-two week low of $146.36 and a fifty-two week high of $295.90. The company’s fifty day simple moving average is $248.36 and its 200-day simple moving average is $218.64.
Encore Wire Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.02 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.03%. Encore Wire’s payout ratio is presently 0.42%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Encore Wire
About Encore Wire
Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. It offers NM-B cables, UF-B cables, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2, and other types of wire products, including SEU, SER, photovoltaic, URD, tray cables, metal-clads, and armored cables.
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