Benchmark Electronics (NYSE:BHE) Issues Earnings Results, Misses Expectations By $0.01 EPS

Benchmark Electronics (NYSE:BHE - Get Free Report) announced its quarterly earnings results on Wednesday. The technology company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01), Zacks reports. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. Benchmark Electronics updated its Q1 2025 guidance to 0.480-0.540 EPS.

Benchmark Electronics Stock Down 0.3 %

Shares of Benchmark Electronics stock traded down $0.15 during trading on Wednesday, reaching $43.75. The company had a trading volume of 294,013 shares, compared to its average volume of 213,442. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 25.44 and a beta of 1.00. The firm's fifty day moving average is $47.12 and its 200-day moving average is $44.75. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. Benchmark Electronics has a fifty-two week low of $26.93 and a fifty-two week high of $52.57.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. Benchmark Electronics's dividend payout ratio is currently 39.53%.

Analyst Ratings Changes

A number of brokerages have commented on BHE. Needham & Company LLC reiterated a "buy" rating and issued a $48.00 price objective on shares of Benchmark Electronics in a report on Tuesday, January 14th. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Benchmark Electronics currently has an average rating of "Moderate Buy" and a consensus target price of $42.33.

Insider Activity

In other news, SVP Rhonda R. Turner sold 6,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total value of $281,880.00. Following the sale, the senior vice president now owns 47,991 shares in the company, valued at approximately $2,254,617.18. This represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,000 shares of company stock worth $1,655,340. 2.10% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.