Encore Wire Corporation (WIRE) Releases Earnings Results, Misses Expectations By $-0.12 EPS

Encore Wire Corporation (WIRE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.12. Analysts had a consensus of $0.53. The company posted revenue of $225.50 million in the period, compared to analysts expectations of $222.97 million. The company’s revenue was down -9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Encore Wire Corporation opened for trading at $40.14 and hit $41.46 on the upside on Friday, eventually ending the session at $41.15, with a gain of 2.75% or 1.1 points. The heightened volatility saw the trading volume jump to 1,33,715 shares. Company has a market cap of $851 M.

In a different news, on Aug 10, 2015, Gregory J Fisher (director) purchased 1,500 shares at $33.30 per share price. According to the SEC, on Aug 7, 2015, Donald Eugene Courtney (director) purchased 5,000 shares at $33.00 per share price. On Mar 3, 2015, William R Iii Thomas (director) purchased 1,000 shares at $37.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings homes apartments and manufactured housing. The Company offers an electrical building wire product line that consists primarily of NM-B cable UF-B cable THHN/THWN-2 and other types of wire products including metal clad and armored cable. All of these products are manufactured with copper or aluminum as the conductor. The principal bases for differentiation among stock-keeping units (SKUs) are product type conductor type diameter insulation color and packaging.

Encore Wire Corporation

Leave a Reply

Encore Wire Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Encore Wire Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.