Benchmark Electronics, Inc. (NYSE:BHE) released its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.34 by $0.05, Bloomberg Earnings reports. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The business had revenue of $604.00 million during the quarter, compared to the consensus estimate of $584.50 million. During the same quarter in the prior year, the firm earned $0.36 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Benchmark Electronics updated its Q4 guidance to $0.34-0.38 EPS.
Shares of Benchmark Electronics (NYSE BHE) traded up 1.15% on Friday, hitting $30.80. 295,658 shares of the company were exchanged. The firm’s 50-day moving average is $33.58 and its 200-day moving average is $32.77. The stock has a market capitalization of $1.54 billion, a PE ratio of 22.65 and a beta of 0.55. Benchmark Electronics has a 52-week low of $24.65 and a 52-week high of $35.80.
Several research analysts have commented on BHE shares. Needham & Company LLC increased their price objective on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Royal Bank Of Canada increased their price objective on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a report on Thursday, July 20th. Citigroup Inc. reissued a “neutral” rating and set a $36.00 price objective (up previously from $32.00) on shares of Benchmark Electronics in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Benchmark Electronics presently has a consensus rating of “Hold” and a consensus price target of $33.25.
In other Benchmark Electronics news, VP Scott R. Peterson sold 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $32.06, for a total transaction of $32,060.00. Following the completion of the sale, the vice president now owns 18,893 shares in the company, valued at $605,709.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas G. Duncan sold 5,922 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $31.91, for a total transaction of $188,971.02. Following the sale, the director now owns 30,524 shares of the company’s stock, valued at approximately $974,020.84. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.
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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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