Benchmark Electronics (NYSE:BHE) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Benchmark Electronics (NYSE:BHE) released its quarterly earnings data on Wednesday. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02), MarketWatch Earnings reports. The company had revenue of $491.00 million during the quarter, compared to the consensus estimate of $474.33 million. Benchmark Electronics had a net margin of 0.03% and a return on equity of 3.46%. The business’s revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. Benchmark Electronics updated its Q3 2020
After-Hours guidance to 0.26-0.30 EPS and its Q3 guidance to $0.26-$0.30 EPS.
BHE stock traded up $0.07 during midday trading on Friday, reaching $20.36. 294,088 shares of the company’s stock traded hands, compared to its average volume of 181,164. The company has a market cap of $741.51 million, a price-to-earnings ratio of 2,038.04 and a beta of 1.06. The firm’s fifty day moving average price is $20.58 and its 200-day moving average price is $23.59. The company has a quick ratio of 2.02, a current ratio of 2.60 and a debt-to-equity ratio of 0.23. Benchmark Electronics has a 52 week low of $14.06 and a 52 week high of $37.36.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.16 per share. The ex-dividend date was Monday, June 29th. This represents a $0.64 dividend on an annualized basis and a yield of 3.14%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 48.48%.
In other news, Director Jeffrey Stephen Mccreary bought 7,500 shares of Benchmark Electronics stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of $20.35 per share, for a total transaction of $152,625.00. Following the purchase, the director now directly owns 66,580 shares in the company, valued at approximately $1,354,903. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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