Benchmark Electronics (NYSE:BHE) Releases Q1 2022 Earnings Guidance

On Monday morning, Benchmark Electronics (NYSE: BHE) released updated earnings information for the first quarter of 2022. The company provided earnings recommendations per share of $ 0.320-0.380 for the period compared to Thomson Reuters ’consensus estimate of $ 0.310. The company has issued revenue recommendations of $ 565-605 million compared to a consensus revenue estimate of $ 564.17 million.

Separately, Needham & Company LLC lowered its target price for shares of Benchmark Electronics from $ 35.00 to $ 32.00 and set a purchase rating for the company in a research note on Thursday, October 28th.

Shares of NYSE: BHE opened at $ 25.54 on Monday. Benchmark Electronics has a minimum of 52 weeks at $ 22.25 and a maximum of 52 weeks at $ 32.56. The market capitalization of the shares is $ 899.62 million, a P / E ratio of 25.54 and a beta of 1.06. The firm has a simple fifty-day moving average of $ 25.52 and a simple two-hundred-day moving average of $ 25.92. The company has a fast ratio of 1.26, a current ratio of 2.06 and a debt-to-equity ratio of 0.13.

Benchmark Electronics (NYSE: BHE) last released its quarterly earnings results on Wednesday, February 2nd. The tech company reported earnings per share of $ 0.48 for the quarter, exceeding analysts’ consensus estimates of $ 0.41 by $ 0.07. Benchmark Electronics had a net margin of 1.59% and a return on equity of 5.01%. In the same quarter last year, the firm posted earnings of $ 0.34 per share.

The company also recently announced quarterly dividends that were paid on Thursday, January 13th. Dividend investors were paid dividends of $ 0.165 per share on Thursday, December 30. The former dividend payment date was Wednesday, December 29th. This is $ 0.66 dividend on an annualized basis and a dividend yield of 2.58%. Benchmark Electronics ’dividend payout ratio is currently 66.00%.


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In the relevant news, CEO Jeff Bank acquired 1,500 shares in the deal on Tuesday, November 30th. The shares were purchased at an average price of $ 23.75 per share, totaling $ 35,625.00. The deal was disclosed in the legal documentation of the SEC, which is available on the SEC website. Also, senior vice president Ronda R. Turner sold 3,100 shares of the company in a deal from Wednesday, December 8th. The shares were sold at an average price of $ 26.05 for a total trade of $ 80,755.00. Disclosure of this sale can be found here. Currently, 1.40% of the shares are owned by insiders.

Several major investors recently bought and sold BHE shares. In the second quarter, Morgan Stanley increased its stake in Benchmark Electronics by 121.4%. Morgan Stanley now owns 243,622 shares of the technology company worth $ 6,933,000 after acquiring an additional 133,609 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Benchmark Electronics by 15.7% in the 4th quarter. Nuveen Asset Management LLC now owns 312,287 shares of the technology company worth $ 8,463,000 after acquiring an additional 42,357 shares in the last quarter. Geode Capital Management LLC increased its stake in Benchmark Electronics by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 631,630 shares of the technology company worth $ 17,117,000 after acquiring an additional 36,420 shares in the last quarter. Barclays PLC increased its stake in Benchmark Electronics by 84.2% in the 4th quarter. Barclays PLC now owns 74,946 shares of the technology company worth $ 2,031,000 after acquiring an additional 34,253 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in Benchmark Electronics by 22.4% in the 4th quarter. Deutsche Bank AG now owns 180,349 shares of the technology company worth $ 4,888,000 after acquiring an additional 32,965 shares in the last quarter. Institutional investors and hedge funds own 92.35% of the company.

Company Profile Benchmark Electronics

Benchmark Electronics, Inc. provides comprehensive electronics manufacturing services, engineering and design services, and precision machining services. The company provides services to manufacturers of original equipment, telecommunications industrial control equipment, computers and related products for businesses, medical devices, as well as products for testing and devices.

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