Analyst Ratings for Encore Wire Corp. (WIRE)

Updated: 2017-07-27

Encore Wire Corp. (NASDAQ:WIRE) was awarded an average rating of Overweight from investment analysts following the stock. A consensus rating of Overweight was previously issued for WIRE last month.

1 analysts declared WIRE a buy, 0 issued an overweight rating, 1 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

WIRE was given price targets by several analysts. The most optimistic analyst gave a price target of 49.2, implying potential capital gains of 11.19 percent. The minimum price target given was 47, implying a possible loss of 6.21 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 0 percent. The average change in earnings estimates over the last 90 days is -10.85 percent. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 2.98 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.

WIRE has an estimated earnings growth rate of 26.8 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. WIRE has a PEG ratio of 0.88.

WIRE has a 52-week high of 49.75 and a 52-week low of 33.70. The current market price is above the trailing year's low by 31.31 percent, and 11.06 percent lower than its 52-week high. WIRE has a price/earnings ratio of 23.66. Investors typically compare the P/E ratio to a company's peers in the industry. The WIRE value stock report compares WIRE to some of its peers using value stock charts. The market cap of WIRE is $0.90984 billion. WIRE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.