Zacks: Analysts Expect Bentley Systems, Incorporated (NASDAQ:BSY) Will Announce Quarterly Sales of $275.65 Million

Equities research analysts expect that Bentley Systems, Incorporated (NASDAQ:BSY – Get Rating) will announce sales of $275.65 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bentley Systems’ earnings, with estimates ranging from $275.50 million to $275.80 million. Bentley Systems reported sales of $222.01 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.2%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Bentley Systems will report full-year sales of $1.13 billion for the current fiscal year. For the next year, analysts forecast that the firm will report sales of $1.23 billion, with estimates ranging from $1.22 billion to $1.24 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Bentley Systems.

Bentley Systems (NASDAQ:BSY – Get Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. The business had revenue of $267.70 million for the quarter, compared to analyst estimates of $262.23 million. Bentley Systems had a return on equity of 56.39% and a net margin of 9.40%. The firm’s revenue was up 21.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS.

A number of brokerages have commented on BSY. KeyCorp decreased their price objective on Bentley Systems from $72.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, March 2nd. Royal Bank of Canada decreased their price objective on Bentley Systems from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Zacks Investment Research lowered Bentley Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 9th. The Goldman Sachs Group decreased their price objective on Bentley Systems from $60.00 to $52.00 in a report on Tuesday, March 1st. Finally, Mizuho decreased their price objective on Bentley Systems from $65.00 to $60.00 in a report on Tuesday, January 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $57.50.

Large investors have recently added to or reduced their stakes in the company. Utah Retirement Systems lifted its position in shares of Bentley Systems by 2.9% during the 3rd quarter. Utah Retirement Systems now owns 7,200 shares of the company’s stock worth $437,000 after buying an additional 200 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of Bentley Systems by 1.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,179 shares of the company’s stock worth $975,000 after buying an additional 335 shares during the last quarter. Heritage Wealth Management LLC lifted its position in shares of Bentley Systems by 14.5% during the 3rd quarter. Heritage Wealth Management LLC now owns 2,871 shares of the company’s stock worth $174,000 after buying an additional 363 shares during the last quarter. IFM Investors Pty Ltd lifted its position in shares of Bentley Systems by 1.7% during the 4th quarter. IFM Investors Pty Ltd now owns 24,394 shares of the company’s stock worth $1,179,000 after buying an additional 398 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Bentley Systems by 30.8% during the 3rd quarter. Captrust Financial Advisors now owns 2,056 shares of the company’s stock worth $125,000 after buying an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 34.00% of the company’s stock.

Shares of NASDAQ BSY opened at $44.38 on Wednesday. The company has a debt-to-equity ratio of 3.50, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $40.33 and its two-hundred day moving average price is $46.61. Bentley Systems has a one year low of $34.45 and a one year high of $71.92. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 158.50, a P/E/G ratio of 7.15 and a beta of 0.98.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 8th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.27%. Bentley Systems’s payout ratio is 42.86%.

About Bentley Systems (Get Rating)

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 and open simulation applications for infrastructure design integration, which include MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenWindPower, OpenTower, STAAD and RAM, LEAP and RM, SACS, MOSES, PLAXIS, SITEOPS, AutoPIPE, and LumenRT.

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