Benchmark Electronics Inc (NYSE: BHE) has reported earnings for its first fiscal quarter (ending March 31) of $0.34 versus a loss $-0.49 for the same period a year ago. Relative to the consensus estimate of $0.48, this was a shortfall of $-0.14. For the latest four quarters through March 31, E.P.S. were $1.38 compared to $-1.31 a year ago.
Recent Price Action
On 4/24/19, Benchmark Electronics Inc (NYSE: BHE) stock increased 1.4%, closing at $30.03. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.5% during the last week.
Current PriceTarget Research Rating
BHE is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
BHE has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. BHE has a good Appreciation Score of 70 and a very high Power Rating of 92, resulting in the Highest Value Trend Rating.
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.