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.

Several price targets were given for WIRE by the analysts covering the stock. The most optimistic analyst gave a price target of 49.2, implying potential capital gains of 11.19 percent. The most pessimistic price target was 47, implying a possible loss of 6.21 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -10.85 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 2.98 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

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. Smaller PEG ratios are desirable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 below the high. WIRE has a P/E 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 stock has a market capitalization of $0.90984 billion. WIRE is estimated to release their earnings results for the quarter on 0000-00-00, days from today.