$0.65 EPS Expected for Encore Wire Corporation (WIRE)

July 18, 2017 - By Dolores Ford

 $0.65 EPS Expected for Encore Wire Corporation (WIRE)
Investors sentiment increased to 0.94 in Q4 2016. Its up 0.06, from 0.88 in 2016Q3. It is positive, as 19 investors sold Encore Wire Corporation shares while 43 reduced holdings. 14 funds opened positions while 44 raised stakes. 18.59 million shares or 2.38% more from 18.15 million shares in 2016Q3 were reported.
Pnc Financial Grp Inc holds 1,565 shares or 0% of its portfolio. California Employees Retirement invested in 35,200 shares. Fifth Third Natl Bank has 0% invested in Encore Wire Corporation (NASDAQ:WIRE) for 226 shares. First Dallas Inc owns 7,201 shares. Savings Bank Of New York Mellon holds 0% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE) for 273,731 shares. Nationwide Fund reported 0% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE). Strs Ohio invested in 10,100 shares. State Of Alaska Department Of Revenue owns 2,240 shares for 0.01% of their portfolio. Tfs Limited Liability Co holds 0.12% of its portfolio in Encore Wire Corporation (NASDAQ:WIRE) for 10,522 shares. Fund Mgmt reported 4,906 shares stake. First Advisors Ltd Partnership has 154,361 shares. Alliancebernstein Ltd Partnership has invested 0% in Encore Wire Corporation (NASDAQ:WIRE). State Board Of Administration Of Florida Retirement Systems stated it has 14,685 shares or 0% of all its holdings. State Of Tennessee Treasury Department stated it has 16,591 shares or 0% of all its holdings. Alpha Windward Limited Liability holds 0.32% or 11,280 shares in its portfolio.

Since February 17, 2017, it had 0 insider purchases, and 1 sale for $1.34 million activity. $1.34 million worth of stock was sold by BILBAN FRANK J on Friday, February 17.

Analysts expect Encore Wire Corporation (NASDAQ:WIRE) to report $0.65 EPS on July, 26.They anticipate $0.27 EPS change or 71.05 % from last quarter’s $0.38 EPS. WIRE’s profit would be $13.58M giving it 16.44 P/E if the $0.65 EPS is correct. After having $0.65 EPS previously, Encore Wire Corporation’s analysts see 0.00 % EPS growth. The stock increased 0.59% or $0.25 during the last trading session, reaching $42.75. About 65,155 shares traded or 4.05% up from the average. Encore Wire Corporation (NASDAQ:WIRE) has risen 14.61% since July 18, 2016 and is uptrending. It has underperformed by 2.09% the S&P500.

Encore Wire Corporation (NASDAQ:WIRE) Ratings Coverage

Among 2 analysts covering Encore Wire (NASDAQ:WIRE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Encore Wire had 3 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Encore Wire Corporation (NASDAQ:WIRE) earned “Buy” rating by Singular Research on Tuesday, May 31.

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The company has market cap of $893.31 million. The Firm is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. It has a 22.88 P/E ratio. The Firm makes 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.

More notable recent Encore Wire Corporation (NASDAQ:WIRE) news were published by: Seekingalpha.com which released: “Encore Wire’s (WIRE) CEO Daniel Jones on Q1 2017 Results – Earnings Call …” on May 03, 2017, also Seekingalpha.com with their article: “Review Of Last Quarter’s Short Call On Encore Wire, And Outlook For Q1 Report” published on April 22, 2017, Seekingalpha.com published: “Encore Wire’s LIFO Accounting Could Lead To A Big Miss On Q4 Report” on January 07, 2017. More interesting news about Encore Wire Corporation (NASDAQ:WIRE) were released by: Zacks.com and their article: “Why Encore Wire (WIRE) Stock Might be a Great Pick March 02, 2017” published on March 02, 2017 as well as Nasdaq.com‘s news article titled: “Ex-Dividend Reminder: Raven Industries, Encore Wire Corp. and Monsanto” with publication date: July 03, 2017.

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