Benchmark Electronics (NYSE:BHE) Issues Q3 Earnings Guidance

Benchmark Electronics (NYSE:BHE) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.52-$0.58 for the period, compared to the consensus EPS estimate of $0.53. The company issued revenue guidance of $630-$670 million, compared to the consensus revenue estimate of $647.15 million.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Sidoti cut shares of Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 price objective for the company. in a research report on Monday, April 29th. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a buy rating in a report on Monday, May 6th. StockNews.com cut Benchmark Electronics from a buy rating to a hold rating in a research note on Friday, July 19th. Finally, Fox Advisors lowered Benchmark Electronics from an overweight rating to an equal weight rating in a research report on Wednesday, May 15th.

Benchmark Electronics Trading Down 3.9 %

NYSE BHE traded down $1.63 on Tuesday, hitting $40.67. The company’s stock had a trading volume of 333,267 shares, compared to its average volume of 336,814. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. Benchmark Electronics has a 1-year low of $22.66 and a 1-year high of $44.85. The firm has a market cap of $1.47 billion, a PE ratio of 22.35 and a beta of 0.99. The company’s 50-day moving average is $40.98 and its 200 day moving average is $34.41.

Benchmark Electronics (NYSE:BHE) last issued its quarterly 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 return on equity of 7.20% and a net margin of 2.34%. The company had revenue of $675.58 million during the quarter.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date was Friday, June 28th. Benchmark Electronics’s dividend payout ratio is currently 36.07%.

Insider Activity at Benchmark Electronics

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

Benchmark Electronics Company Profile

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.