Benchmark Electronics (NYSE:BHE) Releases Q1 Earnings Guidance

Benchmark Electronics (NYSE:BHE) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.42-$0.48 for the period, compared to the consensus estimate of $0.46. The company issued revenue guidance of $625-$665 million, compared to the consensus revenue estimate of $645.00 million.

Benchmark Electronics Stock Performance

Benchmark Electronics stock traded up $0.11 during mid-day trading on Tuesday, reaching $29.22. The company had a trading volume of 179,259 shares, compared to its average volume of 285,414. Benchmark Electronics has a 52 week low of $20.58 and a 52 week high of $31.75. The company has a quick ratio of 1.33, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 16.23 and a beta of 1.02. The company has a 50 day moving average of $28.94 and a 200-day moving average of $26.48.

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

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Wednesday, March 27th. Benchmark Electronics’s payout ratio is 36.67%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BHE. StockNews.com cut shares of Benchmark Electronics from a buy rating to a hold rating in a research report on Friday, February 9th. Needham & Company LLC increased their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the stock a buy rating in a report on Thursday, February 1st.

Institutional Investors Weigh In On Benchmark Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of BHE. Tower Research Capital LLC TRC increased its stake in shares of Benchmark Electronics by 135.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock worth $39,000 after purchasing an additional 917 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock worth $64,000 after purchasing an additional 526 shares in the last quarter. State of Wyoming increased its holdings in Benchmark Electronics by 66.6% during the 4th quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,254 shares during the period. Captrust Financial Advisors increased its holdings in shares of Benchmark Electronics by 70.4% in the first quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,990 shares during the period. Finally, Advisor Group Holdings Inc. boosted its stake in Benchmark Electronics by 14.4% during the first quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after buying an additional 702 shares during the period. 92.29% of the stock is owned by institutional investors.

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.