Benchmark Electronics, Inc. (NYSE:BHE) Scheduled to Post Quarterly Earnings on Wednesday
Benchmark Electronics, Inc. (NYSE:BHE) will post its quarterly earnings results after the market closes on Wednesday, July 19th. Analysts expect Benchmark Electronics to post earnings of $0.34 per share for the quarter. Benchmark Electronics has set its Q2 guidance at $0.31-0.35 EPS.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Benchmark Electronics had a return on equity of 5.38% and a net margin of 2.69%. The firm had revenue of $566.50 million for the quarter, compared to analyst estimates of $540.50 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, analysts expect Benchmark Electronics to post $1.47 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 33.70 on Monday. The firm has a 50 day moving average price of $32.72 and a 200-day moving average price of $31.61. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 26.75 and a beta of 0.51. Benchmark Electronics, Inc. has a 52-week low of $22.38 and a 52-week high of $34.45.
In related news, insider Jon J. King sold 24,627 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $31.40, for a total value of $773,287.80. Following the sale, the insider now directly owns 51,848 shares of the company’s stock, valued at $1,628,027.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by company insiders.
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Separately, BidaskClub cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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.
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