Benchmark Electronics Inc. (BHE) Set to Announce Earnings on Thursday
Benchmark Electronics Inc. (NYSE:BHE) is set to issue its Q316 quarterly earnings data on Thursday, October 20th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $584.17 million for the quarter.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The firm earned $579 million during the quarter, compared to analysts’ expectations of $582.89 million. Benchmark Electronics had a net margin of 3.51% and a return on equity of 5.52%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. On average, analysts expect Benchmark Electronics to post $1.47 EPS for the current fiscal year and $1.73 EPS for the next fiscal year.
Shares of Benchmark Electronics Inc. (NYSE:BHE) opened at 25.15 on Tuesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 15.28 and a beta of 0.71. Benchmark Electronics Inc. has a 52 week low of $18.36 and a 52 week high of $25.74. The stock has a 50 day moving average of $24.64 and a 200-day moving average of $22.52.
A number of research firms have issued reports on BHE. B. Riley reiterated a “neutral” rating and issued a $23.00 target price on shares of Benchmark Electronics in a research report on Tuesday. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. Zacks Investment Research downgraded shares of Benchmark Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 21st. Finally, TheStreet upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $24.00.
In related news, CEO Gayla J. Delly sold 25,497 shares of the firm’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $24.22, for a total value of $617,537.34. Following the transaction, the chief executive officer now directly owns 276,264 shares in the company, valued at approximately $6,691,114.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donald Francis Adam sold 40,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $23.46, for a total transaction of $938,400.00. Following the completion of the transaction, the chief financial officer now owns 126,513 shares in the company, valued at $2,967,994.98. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC raised its position in Benchmark Electronics by 10.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,721 shares of the company’s stock worth $100,000 after buying an additional 451 shares during the last quarter. Pacad Investment Ltd. bought a new stake in Benchmark Electronics during the second quarter valued at about $168,000. Hsbc Holdings PLC raised its stake in Benchmark Electronics by 0.8% in the second quarter. Hsbc Holdings PLC now owns 10,892 shares of the company’s stock valued at $230,000 after buying an additional 91 shares in the last quarter. KCG Holdings Inc. raised its stake in Benchmark Electronics by 14.5% in the second quarter. KCG Holdings Inc. now owns 11,741 shares of the company’s stock valued at $248,000 after buying an additional 1,487 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in Benchmark Electronics during the second quarter valued at about $285,000. Institutional investors and hedge funds own 96.16% of the company’s stock.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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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