Sidoti Lifts Earnings Estimates for Benchmark Electronics

Benchmark Electronics, Inc. (NYSE:BHE) – Research analysts at Sidoti increased their FY2026 earnings per share (EPS) estimates for Benchmark Electronics in a report issued on Thursday, October 29th. Sidoti analyst A. Soderstrom now anticipates that the technology company will post earnings of $2.48 per share for the year, up from their prior forecast of $2.40. The consensus estimate for Benchmark Electronics’ current full-year earnings is $2.40 per share. Sidoti also issued estimates for Benchmark Electronics’ Q4 2026 earnings at $0.68 EPS, Q1 2027 earnings at $0.65 EPS, Q2 2027 earnings at $0.66 EPS, Q3 2027 earnings at $0.68 EPS, FY2027 earnings at $2.69 EPS, Q1 2028 earnings at $0.69 EPS, Q2 2028 earnings at $0.74 EPS, Q3 2028 earnings at $0.78 EPS and FY2028 earnings at $3.02 EPS.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $810.90 million for the quarter, compared to analysts’ expectations of $776.65 million. Benchmark Electronics had a return on equity of 7.75% and a net margin of 1.90%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS.

A number of other research firms have also recently issued reports on BHE. Needham & Company LLC assumed coverage on Benchmark Electronics in a research note on Friday, October 23rd. They issued a “buy” rating and a $85.00 target price on the stock. Weiss Ratings lowered shares of Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Wall Street Zen cut shares of Benchmark Electronics from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of Benchmark Electronics to a “hold” rating in a report on Monday, October 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Benchmark Electronics Trading Up 0.6%

NYSE:BHE opened at $68.76 on Tuesday. The firm has a market capitalization of $2.46 billion, a P/E ratio of 44.36, a P/E/G ratio of 1.39 and a beta of 1.25. The business has a 50 day simple moving average of $75.48 and a 200 day simple moving average of $72.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. Benchmark Electronics has a 12-month low of $41.69 and a 12-month high of $100.41.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date was Wednesday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is currently 43.87%.

Institutional Trading of Benchmark Electronics

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Benchmark Electronics during the 2nd quarter worth $579,768,000. State Street Corp grew its stake in shares of Benchmark Electronics by 3.5% in the second quarter. State Street Corp now owns 1,433,075 shares of the technology company’s stock worth $141,644,000 after purchasing an additional 47,835 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Benchmark Electronics by 0.7% during the second quarter. Allianz Asset Management GmbH now owns 418,393 shares of the technology company’s stock valued at $41,283,000 after purchasing an additional 3,004 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Benchmark Electronics by 18.3% during the second quarter. First Eagle Investment Management LLC now owns 350,964 shares of the technology company’s stock valued at $34,630,000 after purchasing an additional 54,395 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Benchmark Electronics during the second quarter valued at $31,061,000. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics News Roundup

Here are the key news stories impacting Benchmark Electronics this week:

• Positive Sentiment: Sidoti raised its FY2026 EPS forecast to $2.48 from $2.40 and its FY2028 forecast to $3.02 from $2.96. The firm also increased its Q2 2028 and Q3 2028 estimates, suggesting expectations for improving profitability over the longer term.
• Positive Sentiment: Benchmark’s latest quarterly results provide a favorable backdrop: revenue increased 19.1% year over year to $810.9 million, while adjusted earnings of $0.84 per share exceeded the $0.79 consensus estimate. Benchmark Electronics 2026 Q3 Results Earnings Call Presentation
• Positive Sentiment: The company is expanding U.S. manufacturing capacity for Oxide Computer Company, potentially supporting future production revenue and strengthening Benchmark’s positioning in domestic supply chains. Benchmark Electronics Expands U.S. Manufacturing for Oxide Computer Company
• Neutral Sentiment: A Yahoo Finance analysis points to segment momentum, manufacturing ramp activity and longer-term industry tailwinds, supporting the broader growth narrative but not providing a new company forecast. BHE Q3 Deep Dive
• Negative Sentiment: Sidoti lowered several intermediate-term estimates, including Q4 2026 EPS to $0.68 from $0.69, Q1 2027 to $0.65 from $0.67, Q2 2027 to $0.66 from $0.68, Q3 2027 to $0.68 from $0.69, and FY2027 to $2.69 from $2.73. These cuts may temper enthusiasm despite the improved longer-term outlook.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing and engineering services. The company helps original equipment manufacturers design, develop, test, manufacture and support complex electronic products and systems.

Its services include product design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, industrial equipment, semiconductor capital equipment, and advanced computing.

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.