Benchmark Electronics (BHE) Scheduled to Post Quarterly Earnings on Tuesday

Benchmark Electronics (NYSE:BHE) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Benchmark Electronics has set its Q2 guidance at $0.48 to $0.54 EPS and its Q2 2024 guidance at 0.480-0.540 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Benchmark Electronics had a net margin of 2.34% and a return on equity of 7.20%. The firm had revenue of $675.58 million during the quarter.

Benchmark Electronics Stock Up 1.3 %

Benchmark Electronics stock opened at $42.46 on Monday. Benchmark Electronics has a fifty-two week low of $22.66 and a fifty-two week high of $44.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36. The firm has a 50 day moving average price of $40.97 and a 200 day moving average price of $34.30. The company has a market capitalization of $1.53 billion, a PE ratio of 23.20 and a beta of 0.99.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.165 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.66 annualized dividend and a yield of 1.55%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.07%.

Insiders Place Their Bets

In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of Benchmark Electronics stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total transaction of $394,900.00. Following the completion of the sale, the director now directly owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of Benchmark Electronics stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total transaction of $394,900.00. Following the completion of the sale, the director now directly owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jan M. Janick sold 6,777 shares of Benchmark Electronics stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total transaction of $263,421.99. Following the sale, the senior vice president now directly owns 67,774 shares of the company’s stock, valued at $2,634,375.38. The disclosure for this sale can be found here. Insiders sold a total of 17,560 shares of company stock worth $688,374 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

BHE has been the subject of several research reports. Fox Advisors downgraded shares of Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. StockNews.com downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Sidoti downgraded shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Monday, April 29th. Finally, Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 6th.

About Benchmark Electronics

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.