Benchmark Electronics (BHE) Getting Somewhat Favorable Press Coverage, Study Shows

News headlines about Benchmark Electronics (NYSE:BHE) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Benchmark Electronics earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 48.1362601618167 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

NYSE BHE opened at $27.45 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 17.05 and a beta of 0.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.60 and a current ratio of 3.23. Benchmark Electronics has a fifty-two week low of $25.75 and a fifty-two week high of $35.80.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, April 25th. The technology company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. The firm had revenue of $608.00 million for the quarter, compared to the consensus estimate of $593.70 million. Benchmark Electronics had a positive return on equity of 6.17% and a negative net margin of 2.60%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Benchmark Electronics declared that its board has authorized a stock buyback plan on Wednesday, March 7th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Separately, TheStreet downgraded Benchmark Electronics from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Benchmark Electronics has a consensus rating of “Hold” and an average target price of $36.67.

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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