Benchmark Electronics, Inc. (NYSE:BHE) is scheduled to announce its earnings results on Wednesday, April 19th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Benchmark Electronics has set its Q1 guidance at $0.24-0.28 EPS.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, February 8th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Benchmark Electronics had a net margin of 2.77% and a return on equity of 5.14%. The firm had revenue of $608 million for the quarter, compared to the consensus estimate of $598.39 million. During the same period in the previous year, the firm posted $0.48 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts expect Benchmark Electronics to post $1.50 EPS for the current fiscal year and $1.75 EPS for the next fiscal year.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 30.85 on Tuesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 23.91 and a beta of 0.65. Benchmark Electronics, Inc. has a 12-month low of $18.54 and a 12-month high of $33.44. The stock has a 50 day moving average of $31.46 and a 200-day moving average of $29.42.
In related news, CFO Donald Francis Adam sold 20,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $32.15, for a total transaction of $643,000.00. Following the sale, the chief financial officer now owns 85,539 shares in the company, valued at $2,750,078.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott R. Peterson sold 7,104 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $32.03, for a total transaction of $227,541.12. Following the sale, the vice president now owns 23,769 shares in the company, valued at approximately $761,321.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,104 shares of company stock worth $1,528,141. 2.40% of the stock is owned by company insiders.
Several research firms recently commented on BHE. Needham & Company LLC raised their price target on shares of Benchmark Electronics from $28.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Zacks Investment Research upgraded shares of Benchmark Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $27.50.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.