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

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

Benchmark Electronics Stock Performance

Shares of BHE opened at $48.91 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $47.28 and a 200 day moving average price of $44.45. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 28.43 and a beta of 1.00. Benchmark Electronics has a 52-week low of $26.02 and a 52-week high of $52.57.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a $0.17 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. Benchmark Electronics’s payout ratio is 39.53%.

Insider Buying and Selling

In other news, SVP Rhonda R. Turner sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total value of $281,880.00. Following the transaction, the senior vice president now directly owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeff Benck sold 24,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 424,173 shares of the company’s stock, valued at $19,469,540.70. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,000 shares of company stock valued at $1,655,340 in the last quarter. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

BHE has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $48.00 target price on shares of Benchmark Electronics in a research report on Tuesday, January 14th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Benchmark Electronics presently has an average rating of “Moderate Buy” and an average price target of $42.33.

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.