Shares of Benchmark Electronics, Inc. (NYSE:BHE) rose 5.2% during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $30.00 and last traded at $29.25. Approximately 909,401 shares changed hands during mid-day trading, an increase of 125% from the average daily volume of 404,693 shares. The stock had previously closed at $27.80.
The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.37 by $0.12. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The business had revenue of $679.86 million during the quarter.
Several research firms have recently commented on BHE. Needham & Company LLC lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet upgraded shares of Benchmark Electronics from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $36.67.
The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. The stock has a market cap of $1,387.27, a price-to-earnings ratio of 23.40 and a beta of 0.44.
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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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