Benchmark Electronics (BHE) Earning Somewhat Favorable Media Coverage, Analysis Shows

Press coverage about Benchmark Electronics (NYSE:BHE) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Benchmark Electronics earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.6184081094996 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

BHE has been the subject of several research reports. Needham & Company LLC cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. TheStreet cut shares of Benchmark Electronics from a “b” rating to a “c+” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $36.67.

Shares of Benchmark Electronics (BHE) opened at $30.35 on Wednesday. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. Benchmark Electronics has a 12-month low of $28.75 and a 12-month high of $35.80. The firm has a market cap of $1,489.20, a price-to-earnings ratio of 24.28 and a beta of 0.50.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $584.50 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 5.2% on a year-over-year basis.

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About Benchmark Electronics

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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