Encore Wire (WIRE) Set to Announce Earnings on Tuesday

Encore Wire (NASDAQ:WIREGet Free Report) is set to announce its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $4.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Encore Wire Stock Up 3.0 %

NASDAQ:WIRE opened at $244.31 on Friday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 9.54 and a beta of 1.31. Encore Wire has a 52 week low of $138.20 and a 52 week high of $246.58. The company has a fifty day moving average of $214.28 and a 200 day moving average of $189.35.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Encore Wire from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd.

View Our Latest Stock Report on WIRE

Hedge Funds Weigh In On Encore Wire

A number of hedge funds have recently bought and sold shares of the business. Dark Forest Capital Management LP purchased a new stake in Encore Wire in the first quarter worth approximately $66,000. IFP Advisors Inc boosted its stake in shares of Encore Wire by 231.5% in the 2nd quarter. IFP Advisors Inc now owns 358 shares of the electronics maker’s stock worth $67,000 after buying an additional 250 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Encore Wire in the fourth quarter worth $88,000. Fortis Capital Advisors LLC purchased a new stake in Encore Wire during the fourth quarter valued at $121,000. Finally, Lazard Asset Management LLC boosted its position in Encore Wire by 15.1% in the fourth quarter. Lazard Asset Management LLC now owns 1,029 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 99.82% of the company’s stock.

About Encore Wire

(Get Free Report)

Encore Wire Corporation engages in manufacture and sale of electrical building wires and cables in the United States. The company 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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Earnings History for Encore Wire (NASDAQ:WIRE)

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