Benchmark Electronics (BHE) Set to Announce Quarterly Earnings on Wednesday

Benchmark Electronics (NYSE:BHE) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Benchmark Electronics has set its Q1 guidance at $0.42-0.48 EPS and its Q1 2024 guidance at 0.420-0.480 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $691.35 million for the quarter. Benchmark Electronics had a net margin of 2.27% and a return on equity of 6.95%.

Benchmark Electronics Trading Down 1.7 %

Shares of BHE traded down $0.54 during mid-day trading on Tuesday, reaching $30.95. The company had a trading volume of 143,786 shares, compared to its average volume of 287,423. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 17.49 and a beta of 1.02. The firm has a fifty day simple moving average of $29.99 and a 200-day simple moving average of $27.65. Benchmark Electronics has a fifty-two week low of $20.58 and a fifty-two week high of $31.75. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30.

Benchmark Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.13%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Sidoti downgraded shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Monday. Finally, Needham & Company LLC raised their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 1st.

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.