Bentley Systems (BSY) Set to Announce Earnings on Tuesday

Bentley Systems (NASDAQ:BSY) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Bentley Systems to post earnings of $0.26 per share for the quarter. Bentley Systems has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The firm had revenue of $310.64 million during the quarter, compared to the consensus estimate of $313.67 million. During the same period in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect Bentley Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Bentley Systems Trading Up 2.9 %

NASDAQ:BSY opened at $53.24 on Friday. The stock has a market cap of $15.22 billion, a PE ratio of 53.78, a price-to-earnings-growth ratio of 5.21 and a beta of 1.08. Bentley Systems has a fifty-two week low of $41.59 and a fifty-two week high of $55.37. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55. The stock’s 50-day moving average is $50.81 and its two-hundred day moving average is $50.88.

Bentley Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Bentley Systems’s previous quarterly dividend of $0.05. Bentley Systems’s dividend payout ratio (DPR) is 24.24%.

Insider Buying and Selling at Bentley Systems

In other Bentley Systems news, Director Keith A. Bentley sold 88,925 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the sale, the director now directly owns 17,164,179 shares in the company, valued at $849,283,576.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Keith A. Bentley sold 17,021 shares of Bentley Systems stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $55.00, for a total value of $936,155.00. Following the completion of the transaction, the director now owns 17,150,752 shares in the company, valued at $943,291,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith A. Bentley sold 88,925 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $49.48, for a total value of $4,400,009.00. Following the sale, the director now owns 17,164,179 shares in the company, valued at $849,283,576.92. The disclosure for this sale can be found here. Company insiders own 21.12% of the company’s stock.

Analyst Ratings Changes

BSY has been the topic of several recent research reports. William Blair began coverage on shares of Bentley Systems in a research report on Thursday, March 28th. They set an “outperform” rating on the stock. Robert W. Baird raised their price target on shares of Bentley Systems from $58.00 to $59.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Rosenblatt Securities reissued a “buy” rating and set a $60.00 target price on shares of Bentley Systems in a research report on Tuesday, April 30th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $61.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.44.

Bentley Systems Company Profile

Bentley Systems, Incorporated, together with its subsidiaries, provides infrastructure engineering software solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers open modeling engineering applications, such as MicroStation, OpenBridge, OpenBuildings, OpenCities, OpenComms, OpenFlows, OpenPlant, OpenRail, OpenRoads, OpenSite, OpenTower, OpenTunnel, OpenUtilities, and OpenWindowPower; and open simulation engineering applications, including ADINA, AutoPIPE, CUBE, DYNAMEQ, EMME, LEGION, Power Line Systems, RAM, SACS, SPIDA, and STAAD; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including AGS, Central, GeoStudio, Imago, Leapfrog, MX Deposit, Oasis montaj, OpenGround, and PLAXIS.