Benchmark Electronics (BHE) Projected to Post Quarterly Earnings on Wednesday

Benchmark Electronics (NYSE:BHE) is projected to release its earnings data before the market opens on Wednesday, January 29th. Analysts expect Benchmark Electronics to post earnings of $0.56 per share and revenue of $660,750.00 billion for the quarter. Benchmark Electronics has set its Q4 guidance at $0.53-0.59 EPS and its Q4 2024 guidance at 0.530-0.590 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.00 million. During the same quarter last year, the firm posted $0.57 earnings per share. Benchmark Electronics’s revenue was down 8.6% compared to the same quarter last year.

Benchmark Electronics Price Performance

Shares of BHE opened at $47.01 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. The firm has a market capitalization of $1.69 billion, a PE ratio of 27.33 and a beta of 1.00. The stock has a 50 day simple moving average of $47.26 and a 200 day simple moving average of $44.70. Benchmark Electronics has a 52-week low of $26.41 and a 52-week high of $52.57.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.53%.

Wall Street Analyst Weigh In

Several research firms recently commented on BHE. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Benchmark Electronics in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.33.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $45.31, for a total value of $271,860.00. Following the sale, the chief executive officer now owns 418,173 shares of the company’s stock, valued at approximately $18,947,418.63. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 36,000 shares of company stock worth $1,655,340. 2.10% of the stock is owned by insiders.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.