Benchmark Electronics (NYSE:BHE) Releases Q4 2024 Earnings Guidance

Benchmark Electronics (NYSE:BHE) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.530-0.590 for the period, compared to the consensus EPS estimate of 0.550. The company issued revenue guidance of $640.0 million-$680.0 million, compared to the consensus revenue estimate of $657.7 million. Benchmark Electronics also updated its Q4 guidance to $0.53-0.59 EPS.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC lifted their price objective on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Lake Street Capital boosted their target price on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Benchmark Electronics currently has an average rating of “Moderate Buy” and a consensus target price of $41.33.

Benchmark Electronics Price Performance

NYSE:BHE opened at $43.30 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 23.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.42. The business has a 50 day simple moving average of $43.05 and a 200-day simple moving average of $40.72. Benchmark Electronics has a 1 year low of $23.62 and a 1 year high of $48.58.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Benchmark Electronics had a return on equity of 7.17% and a net margin of 2.45%. The company had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. During the same period last year, the company earned $0.48 earnings per share. Benchmark Electronics’s revenue was down 9.2% on a year-over-year basis.

Benchmark Electronics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.57%. Benchmark Electronics’s payout ratio is currently 36.36%.

Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.70, for a total value of $302,017.10. Following the completion of the sale, the director now owns 42,027 shares of the company’s stock, valued at $1,794,552.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

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.