Benchmark Electronics (BHE) Getting Somewhat Positive News Coverage, Analysis Finds

News articles about Benchmark Electronics (NYSE:BHE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Benchmark Electronics earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.9987074829581 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Benchmark Electronics stock opened at $30.90 on Friday. The stock has a market cap of $1,525.21, a PE ratio of 19.19 and a beta of 0.38. Benchmark Electronics has a fifty-two week low of $27.05 and a fifty-two week high of $35.80. The company has a current ratio of 3.38, a quick ratio of 2.55 and a debt-to-equity ratio of 0.15.

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Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. The company had revenue of $679.86 million for the quarter. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 29th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. Benchmark Electronics’s dividend payout ratio is presently 37.27%.

Benchmark Electronics declared that its board has authorized a stock repurchase program on Wednesday, March 7th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the technology company to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Separately, TheStreet lowered shares of Benchmark Electronics from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.67.

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About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.

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