Fundamentals to Watch About Encore Wire (WIRE)

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.