Encore Wire Corporation (NASDAQ:WIRE) is set to announce second quarter earning results on Wednesday 29th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, WIRE to report 2Q20 income of $ 0.70 per share from revenue of $ 283.06 million.
For the full year, analysts anticipate top line of $ 1136.69 million, while looking forward to income of $ 2.97 per share bottom line.
Previous Quarter Performance
Encore Wire Corporation reported income for the first quarter of $ 0.89 per share, from the revenue of $ 302.79 million. The quarterly earnings elevated 39.06 percent while revenues reduced 3.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.47 per share from $ 297.47 million in revenue. The bottom line results beat street analysts by $ 0.42 or 89.36 percent, at the same time, top line results outshined analysts by $ 5.32 million or 1.79 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Encore Wire Corporation
Stock Performance
According to the previous trading day, closing price of WIRE was $ 49.23, representing a 29.52 % increase from the 52 week low of $ 38.01 and a 20.7 % decrease over the 52 week high of $ 62.08.
The company has a market capital of $ 1.01 billion and is part of the Technology sector and Electronic Components industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”WIRE” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.02 per share on May 14, 2020. The dividend were payable on July 17, 2020 to holders of record as of the close of business on July 2, 2020 and ex-dividend date on July 1, 2020.
Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. Its products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing; THHN/THWN-2, metal-clad, and armored cables for use primarily as wiring in commercial and industrial buildings; UF-B cables; XHHW-2 cables; RHH/RHW-2 cables; and other types of wire products. The company sells its products to wholesale electrical distributors primarily through independent manufacturers representatives.
