Bentley Systems (BSY) to Release Earnings on Tuesday

Bentley Systems (NASDAQ:BSY) is scheduled to 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 interested in listening to the company’s conference call can do so using this link.

Bentley Systems (NASDAQ:BSY) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $310.64 million for the quarter, compared to the consensus estimate of $313.67 million. Bentley Systems had a net margin of 26.60% and a return on equity of 33.87%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. 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 Stock Up 2.9 %

Shares of BSY stock opened at $53.24 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.55 and a quick ratio of 0.55. Bentley Systems has a one year low of $41.59 and a one year high of $55.37. The company’s fifty day moving average price is $50.81 and its 200-day moving average price is $50.84. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 5.36 and a beta of 1.08.

Bentley Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, March 20th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.45%. This is a boost from Bentley Systems’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 19th. Bentley Systems’s payout ratio is 24.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. William Blair started coverage on shares of Bentley Systems in a research note on Thursday, March 28th. They set an “outperform” rating for the company. Robert W. Baird upped their target price on shares of Bentley Systems from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $60.00 price target on shares of Bentley Systems in a report on Tuesday, April 30th. Royal Bank of Canada restated an “outperform” rating and set a $61.00 price objective on shares of Bentley Systems in a report on Wednesday, February 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $60.00 target price on shares of Bentley Systems in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Bentley Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.44.

Insiders Place Their Bets

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

About Bentley Systems

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.