Benchmark Electronics (BHE) Earning Somewhat Favorable News Coverage, Study Finds

Headlines about Benchmark Electronics (NYSE:BHE) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Benchmark Electronics earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 48.1420557126771 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of NYSE:BHE opened at $27.45 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 17.05 and a beta of 0.40. Benchmark Electronics has a fifty-two week low of $25.75 and a fifty-two week high of $35.80. 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 (NYSE:BHE) last issued 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 analysts’ expectations of $593.70 million. Benchmark Electronics had a negative net margin of 2.60% and a positive return on equity of 6.17%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share.

Benchmark Electronics declared that its Board of Directors has approved a stock buyback plan on Wednesday, March 7th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Separately, TheStreet cut shares of Benchmark Electronics from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently 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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