Benchmark Electronics (NYSE:BHE) Issues Q3 2019 Earnings Guidance

Benchmark Electronics (NYSE:BHE) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.33-0.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38. The company issued revenue guidance of $525-555 million, compared to the consensus revenue estimate of $579.9 million.Benchmark Electronics also updated its Q3 guidance to $0.21-0.24 EPS.

Several equities research analysts have issued reports on the company. TheStreet downgraded Tribune Publishing from a c- rating to a d+ rating in a research report on Monday, May 20th. Needham & Company LLC increased their target price on Ceridian HCM to $60.00 and gave the stock a buy rating in a research report on Tuesday, April 30th.

Shares of NYSE:BHE traded up $0.69 on Friday, reaching $27.38. 347,800 shares of the company traded hands, compared to its average volume of 345,852. The business has a 50-day simple moving average of $24.61. Benchmark Electronics has a 52 week low of $20.01 and a 52 week high of $30.23. The stock has a market capitalization of $995.03 million, a PE ratio of 18.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.65 and a quick ratio of 2.00.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. Benchmark Electronics had a return on equity of 5.32% and a net margin of 2.35%. The company had revenue of $601.60 million for the quarter, compared to analysts’ expectations of $569.45 million. During the same period last year, the firm earned $0.30 earnings per share. Benchmark Electronics’s quarterly revenue was down 8.9% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.60 annualized dividend and a yield of 2.19%.

About Benchmark Electronics

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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