Encore Wire moved 12% this afternoon session, trading between a high of $190.79 and a low of $166.16 per share. Yesterday the stock finished at $167.99 per share, compared to an average analyst target price of $200.5.
Encore Wire Corporation manufactures and sells construction electrical wires and indoor electrical wiring cables in the United States. The mid-cap rolling drawing & extruding of nonferrous metals company is based in the United States, and over the last twelve months it has returned a dividend yield of 0.05%. Encore Wire has trailing twelve months earnings per share (EPS) of 35.48, which at today's prices amounts to a price to earnings (P/E) ratio of 4.79.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 2.09. Usually a PEG ratio between zero and one indicates a potentially undervalued company.
WIRE has a revenue per share ratio of 153.33 and an enterprise value to revenue ratio of 0.682, based on its total revenue of $2,592,321,000. The company's revenues have a year-on-year growth rate of 6.4%, compared to a YoY growth rate of 17.2% for its earnings.
the company's profitability and revenue levels soared in 2021:
| Date Reported | Revenue (k) | Cost of Revenue (k) | Gross Margin | YoY Growth |
|---|---|---|---|---|
| 2021-12-31 | $2,592,321 | $1,893,518 | 33.47% | 119.62% |
| 2020-12-31 | $1,276,748 | $1,179,421 | 15.24% | 17.05% |
| 2019-12-31 | $1,274,794 | $1,203,465 | 13.02% | -11.61% |
| 2018-12-31 | $1,288,383 | $1,189,173 | 14.73% | 9.76% |
| 2017-12-31 | $1,164,048 | $1,110,999 | 13.42% | n/a |
