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WIRE

Encore Wire Corp.

encore wire (www.encorewire.com) is a leading manufacturer of residential, commercial and industrial copper and aluminum electrical building wire. encore wire’s 425-acre single-campus and over 2.1 million sq. ft. under roof allows for deep inventory levels and unmatched delivery times. our innovative wire pulling solutions, award-winning colored wire and metal-clad and armored clad smartcolorid identification system promote cost and labor savings and safety.

Open

289.91

Mkt cap

4.6B

Volume

1.4M

High

289.99

P/E Ratio

15.22

52-wk high

295.90

Low

289.81

Div yield

0.00

52-wk low

150.51

Encore Wire (NASDAQ:WIRE) has agreed to a merger with Prysmian at $290 per share in cash, valuing Encore Wire at approximately €3.9 billion. This transaction represents a premium of about 20% to the 30-day VWAP and 29% to the 90-day VWAP as of April 12, 2024. The deal implies an Enterprise Value of €3.9 billion for Encore Wire, equating to multiples of 8.2x and 6.3x EV/2023A EBITDA with and without run rate synergies, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 6:05 am

Goldman Sachs, Charles Schwab, Encore Wire, C3is Inc., and M&T Bank are stocks to watch with various expected earnings reports and significant corporate actions. Goldman Sachs is anticipated to report a slight decrease in earnings per share compared to last year, with an increase in revenue. Encore Wire is being acquired by Prysmian, while C3is Inc. has entered an agreement to acquire a bulk carrier. Charles Schwab and M&T Bank are also expected to release their quarterly earnings, with specific earnings per share and revenue projections.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 5:48 am

Encore Wire (NASDAQ:WIRE) reported Q4 2023 earnings of $4.10 per share, surpassing the $4.02 consensus estimate. Sales reached $633.80M, exceeding the $601.48M estimate but marking an 8.66% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:11 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.