Benchmark Electronics Inc (NYSE: BHE) has reported earnings for its first fiscal quarter (ending March 31) of $0.39 versus $0.35 for the same period a year ago — an increase of 11%. However, this result fell short of the consensus estimate of $0.65 by $-0.26. For the latest four quarters through March 31, E.P.S. were $1.84 versus $1.98 for the same period a year ago — a decline of -7%.
Recent Price Action
Benchmark Electronics Inc (NYSE: BHE) stock rose slightly by 0.3% on 5/1/24. The stock closed at $30.29. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
BHE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Benchmark Electronics has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Benchmark Electronics has a slightly positive Appreciation Score of 69 and a good Power Rating of 74, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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