Q1 2022 EPS Estimates for Dassault Systèmes SE Cut by Analyst (OTCMKTS:DASTY)

Dassault Systèmes SE (OTCMKTS:DASTYGet Rating) – Equities research analysts at KeyCorp cut their Q1 2022 earnings estimates for Dassault Systèmes in a note issued to investors on Tuesday, April 19th. KeyCorp analyst J. Celino now anticipates that the technology company will post earnings per share of $0.23 for the quarter, down from their previous forecast of $0.24. KeyCorp also issued estimates for Dassault Systèmes’ Q2 2022 earnings at $0.23 EPS, Q3 2022 earnings at $0.22 EPS, Q4 2022 earnings at $0.30 EPS, FY2022 earnings at $0.98 EPS, Q1 2023 earnings at $0.25 EPS, Q2 2023 earnings at $0.24 EPS, Q3 2023 earnings at $0.23 EPS, Q4 2023 earnings at $0.33 EPS and FY2023 earnings at $1.05 EPS.

Dassault Systèmes (OTCMKTS:DASTYGet Rating) last announced its quarterly earnings data on Thursday, February 3rd. The technology company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.54 billion. Dassault Systèmes had a net margin of 15.91% and a return on equity of 18.25%.

DASTY has been the subject of several other reports. Berenberg Bank started coverage on Dassault Systèmes in a report on Friday, February 18th. They set a “buy” rating for the company. Bryan, Garnier & Co downgraded Dassault Systèmes from a “buy” rating to a “neutral” rating and set a €49.00 ($52.69) target price for the company. in a report on Friday, March 25th. Zacks Investment Research downgraded Dassault Systèmes from a “hold” rating to a “sell” rating in a report on Tuesday, February 8th. Credit Suisse Group started coverage on Dassault Systèmes in a report on Thursday, March 31st. They set an “underperform” rating for the company. Finally, Morgan Stanley reduced their target price on Dassault Systèmes from €61.00 ($65.59) to €53.00 ($56.99) in a report on Monday, March 28th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.33.

Shares of Dassault Systèmes stock opened at $43.56 on Thursday. Dassault Systèmes has a fifty-two week low of $42.84 and a fifty-two week high of $64.00. The firm has a market cap of $58.26 billion, a price-to-earnings ratio of 61.53, a price-to-earnings-growth ratio of 4.09 and a beta of 0.90. The company has a quick ratio of 1.39, a current ratio of 1.36 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $47.14 and a 200-day simple moving average of $52.91.

A number of large investors have recently bought and sold shares of the stock. Mar Vista Investment Partners LLC increased its position in Dassault Systèmes by 400.0% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 1,555 shares of the technology company’s stock worth $82,000 after purchasing an additional 1,244 shares during the last quarter. Castleview Partners LLC acquired a new position in Dassault Systèmes in the 4th quarter worth about $197,000. Toroso Investments LLC acquired a new position in Dassault Systèmes in the 3rd quarter worth about $299,000. One Wealth Advisors LLC acquired a new position in Dassault Systèmes in the 3rd quarter worth about $673,000. Finally, PNC Financial Services Group Inc. increased its position in Dassault Systèmes by 418.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,031 shares of the technology company’s stock worth $898,000 after purchasing an additional 13,743 shares during the last quarter. 0.20% of the stock is currently owned by hedge funds and other institutional investors.

Dassault Systèmes Company Profile (Get Rating)

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.

Further Reading

Earnings History and Estimates for Dassault Systèmes (OTCMKTS:DASTY)

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