Benchmark Electronics Inc. (NYSE: BHE) closed the day trading at $28.60 down -2.12% from the previous closing price of $29.22. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 558542 shares were traded. BHE stock price reached its highest trading level at $28.85 during the session, while it also had its lowest trading level at $27.44.
Ratios:
For a better understanding of BHE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 2.29. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.42.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Fox Advisors on August 24, 2022, initiated with a Overweight rating and assigned the stock a target price of $35.
On July 29, 2021, Sidoti Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $32 to $35.
Needham Upgraded its Hold to Buy on March 30, 2021, while the target price for the stock was maintained at $35.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 15 ’24 when Turner Rhonda R sold 7,600 shares for $30.31 per share. The transaction valued at 230,356 led to the insider holds 42,474 shares of the business.
Turner Rhonda R sold 400 shares of BHE for $12,000 on Feb 14 ’24. The SVP, Chief HR Officer now owns 50,074 shares after completing the transaction at $30.00 per share. On Feb 05 ’24, another insider, JANICK JAN M, who serves as the SVP, Chief Technology Officer of the company, sold 12,232 shares for $30.00 each. As a result, the insider received 366,960 and left with 63,779 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BHE now has a Market Capitalization of 1.02B and an Enterprise Value of 1.20B. As of this moment, Benchmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.92, and their Forward P/E ratio for the next fiscal year is 11.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 0.42 whereas that against EBITDA is 7.57.
Stock Price History:
Over the past 52 weeks, BHE has reached a high of $31.75, while it has fallen to a 52-week low of $20.58. The 50-Day Moving Average of the stock is 28.95, while the 200-Day Moving Average is calculated to be 26.24.
Shares Statistics:
Over the past 3-months, BHE traded about 269.35K shares per day on average, while over the past 10 days, BHE traded about 529.48k shares per day. A total of 35.66M shares are outstanding, with a floating share count of 34.40M. Insiders hold about 3.85% of the company’s shares, while institutions hold 94.99% stake in the company. Shares short for BHE as of Feb 29, 2024 were 863.58k with a Short Ratio of 3.21, compared to 741.09k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.41% and a Short% of Float of 3.51%.
Dividends & Splits
BHE’s forward annual dividend rate is 0.66, up from 0.66 a year ago. Against a Trailing Annual Dividend Yield of 2.26%, it implies a Forward Annual Dividend Yield of 2.31%. The stock’s 5-year Average Dividend Yield is 2.51. The current Payout Ratio is 36.91% for BHE, which recently paid a dividend on Apr 12, 2024 with an ex-dividend date of Mar 27, 2024. Stock splits for the company last occurred on Apr 04, 2006 when the company split stock in a 3:2 ratio.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of $0.46 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.45, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.41, with high estimates of $0.43 and low estimates of $0.38.
Analysts are recommending an EPS of between $1.94 and $1.82 for the fiscal current year, implying an average EPS of $1.89. EPS for the following year is $2.44, with 4 analysts recommending between $2.71 and $2.15.
Revenue Estimates
4 analysts predict $645M in revenue for the current quarter. It ranges from a high estimate of $645M to a low estimate of $645M. As of the current estimate, Benchmark Electronics Inc.’s year-ago sales were $694.7M, an estimated decrease of -7.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $632.9M, a decrease of -13.70% less than the figure of -$7.20% in the same quarter last year. There is a high estimate of $635.6M for the next quarter, whereas the lowest estimate is $630M.
A total of 4 analysts have provided revenue estimates for BHE’s current fiscal year. The highest revenue estimate was $2.62B, while the lowest revenue estimate was $2.61B, resulting in an average revenue estimate of $2.62B. In the same quarter a year ago, actual revenue was $2.84B, down -7.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $2.83B in the next fiscal year. The high estimate is $2.92B and the low estimate is $2.77B. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.
