Zacks: Analysts Anticipate Bentley Systems, Incorporated (NASDAQ:BSY) to Announce $0.20 Earnings Per Share

Brokerages expect that Bentley Systems, Incorporated (NASDAQ:BSYGet Rating) will post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Bentley Systems’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.20. Bentley Systems also reported earnings per share of $0.20 in the same quarter last year. The company is expected to issue its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Bentley Systems will report full-year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.83. For the next fiscal year, analysts forecast that the firm will report earnings of $0.90 per share, with EPS estimates ranging from $0.87 to $0.93. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Bentley Systems.

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

Several equities analysts recently weighed in on BSY shares. KeyCorp lowered their target price on Bentley Systems from $72.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 2nd. Mizuho lowered their target price on Bentley Systems from $65.00 to $60.00 in a research report on Tuesday, January 18th. Royal Bank of Canada decreased their price target 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 cut Bentley Systems from a “hold” rating to a “sell” rating in a report on Wednesday, March 9th. Finally, The Goldman Sachs Group decreased their price target on Bentley Systems from $60.00 to $52.00 in a report on Tuesday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Bentley Systems has an average rating of “Buy” and a consensus target price of $57.50.

In other news, Director Raymond B. Bentley sold 144,654 shares of Bentley Systems stock in a transaction dated Wednesday, April 20th. The stock was sold at an average price of $43.62, for a total value of $6,309,807.48. Following the sale, the director now directly owns 18,285,123 shares of the company’s stock, valued at $797,597,065.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond B. Bentley sold 213,547 shares of Bentley Systems stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $42.66, for a total value of $9,109,915.02. Following the completion of the sale, the director now directly owns 17,647,285 shares in the company, valued at $752,833,178.10. The disclosure for this sale can be found here. Insiders sold 592,577 shares of company stock worth $25,285,068 over the last ninety days. Insiders own 22.53% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System grew its position in Bentley Systems by 8.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 136,176 shares of the company’s stock worth $6,016,000 after acquiring an additional 10,150 shares in the last quarter. IFM Investors Pty Ltd grew its position in Bentley Systems by 10.9% in the first quarter. IFM Investors Pty Ltd now owns 27,046 shares of the company’s stock worth $1,195,000 after acquiring an additional 2,652 shares in the last quarter. Aigen Investment Management LP purchased a new position in Bentley Systems in the first quarter worth about $1,258,000. LA Financiere DE L Echiquier purchased a new position in Bentley Systems in the first quarter worth about $9,455,000. Finally, New York State Common Retirement Fund grew its position in Bentley Systems by 4.9% in the first quarter. New York State Common Retirement Fund now owns 330,241 shares of the company’s stock worth $14,590,000 after acquiring an additional 15,471 shares in the last quarter. Institutional investors own 33.12% of the company’s stock.

NASDAQ BSY opened at $38.49 on Monday. The company has a market capitalization of $10.63 billion, a PE ratio of 137.46, a price-to-earnings-growth ratio of 6.52 and a beta of 0.88. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.04 and a current ratio of 1.04. The business’s fifty day moving average is $41.15 and its 200 day moving average is $45.14. Bentley Systems has a fifty-two week low of $34.45 and a fifty-two week high of $71.92.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 8th were issued a $0.03 dividend. The ex-dividend date was Monday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. Bentley Systems’s dividend payout ratio (DPR) 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, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION; and geoprofessional applications for modeling and simulation of near and deep subsurface conditions, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround.

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