Press coverage about Benchmark Electronics (NYSE:BHE) has been trending somewhat positive on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Benchmark Electronics earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 46.5125210684957 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, TheStreet downgraded Benchmark Electronics from a “b-” rating to a “c” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Benchmark Electronics currently has an average rating of “Hold” and an average target price of $36.67.
BHE stock opened at $31.70 on Wednesday. Benchmark Electronics has a one year low of $27.05 and a one year high of $35.80. The company has a quick ratio of 2.55, a current ratio of 3.38 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1,547.14, a P/E ratio of -48.03 and a beta of 0.39.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%. The company had revenue of $679.86 million during the quarter.
Benchmark Electronics declared that its board has initiated a share repurchase plan on Wednesday, March 7th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, March 28th.
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Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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