Global Hunter Securities Gives Accumulate Rating to Encore Wire Corp (WIRE)

By admin | 7 years ago

Encore Wire Corp (NASDAQ: WIRE)‘s stock had its “accumulate” rating reiterated by investment analysts at Global Hunter Securities in a note issued to investors on Tuesday.

Encore Wire Corp traded down 3.46% on Tuesday, hitting $23.97. Encore Wire Corp has a 52-week low of $19.69 and a 52-week high of $30.74. The company has a market cap of $561.5 million and a price-to-earnings ratio of 12.61.

Encore Wire Corp last posted its quarterly earnings results on Tuesday, February 21st. The company reported $0.69 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.45. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that Encore Wire Corp will post $0.54 EPS next quarter.

Separately, analysts at KeyBanc (NYSE: KEY) initiated coverage on shares of Encore Wire Corp in a research note to investors on Tuesday, April 17th. They set a “hold” rating on the stock.

Encore Wire Corporation (Encore) is a manufacturer of copper electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in homes, apartments, manufactured housing, and in commercial and industrial buildings.

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