Benchmark Electronics (BHE) Expected to Announce 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.Investors that wish to listen to the company’s 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, topping analysts’ consensus estimates of $0.54 by $0.03. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.00 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business’s revenue was down 8.6% compared to the same quarter last year.

Benchmark Electronics Price Performance

BHE stock opened at $43.40 on Tuesday. 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 50 day moving average price of $47.26 and a 200-day moving average price of $44.70. Benchmark Electronics has a 52-week low of $26.41 and a 52-week high of $52.57. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 25.23 and a beta of 1.00.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Tuesday, December 31st. Benchmark Electronics’s payout ratio is 39.53%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, SVP Rhonda R. Turner sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total value of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 424,173 shares in the company, valued at $19,469,540.70. The trade was a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,000 shares of company stock worth $1,655,340. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Benchmark Electronics Company Profile

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.