Encore Wire Corp. (WIRE) Declares Quarterly Dividend of $0.02

Encore Wire Corp. (NASDAQ:WIRE) announced a quarterly dividend on Wednesday, August 14th, You are not allowed to view links. Register or Login reports. Investors of record on Friday, October 4th will be paid a dividend of $0.02 per share on Friday, October 18th. This represents a $0.08 annualized dividend and a dividend yield of 0.20%.

On the ratings front, analysts at DA Davidson initiated coverage on shares of Encore Wire Corp. in a research note to investors on Tuesday, June 25th. They set a "neutral" rating and a $35.00 price target on the stock.

Encore Wire Corp. (NASDAQ:WIRE) traded down 0.69% on Wednesday, hitting $40.09. Encore Wire Corp. has a 52-week low of $27.94 and a 52-week high of $42.48. The stock's 50-day moving average is currently $38.1. The company has a market cap of $828.8 million and a price-to-earnings ratio of 25.62.

Encore Wire Corp. (NASDAQ:WIRE) last announced its earnings results on Thursday, July 25th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.45. The company had revenue of $289.50 million for the quarter, compared to the consensus estimate of $252.00 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Analysts expect that Encore Wire Corp. will post $1.90 EPS for the current fiscal year.

2013/08/15 09:00:59 Source：(Watch List News)

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