Benchmark Electronics (NYSE:BHE) is scheduled to announce its earnings results after the market closes on Thursday, February 7th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Shares of NYSE:BHE opened at $26.24 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.02 and a quick ratio of 2.35. Benchmark Electronics has a fifty-two week low of $20.01 and a fifty-two week high of $32.53. The firm has a market cap of $1.13 billion, a P/E ratio of 16.92 and a beta of 0.67.
Benchmark Electronics declared that its Board of Directors has authorized a share buyback program on Tuesday, October 30th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the technology company to buy up to 9.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Friday, January 11th. Investors of record on Monday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Friday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.29%. Benchmark Electronics’s dividend payout ratio is 37.27%.
A number of equities analysts recently weighed in on BHE shares. Sidoti started coverage on shares of Benchmark Electronics in a research report on Friday, January 18th. They set a “buy” rating and a $34.00 target price for the company. Citigroup dropped their target price on shares of Benchmark Electronics from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st.
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About Benchmark Electronics
Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and 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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