Bentley Systems (BSY) Set to Announce Quarterly Earnings on Tuesday

Bentley Systems (NASDAQ:BSY - Get Free Report) is scheduled to post its quarterly earnings results 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $310.64 million during the quarter, compared to analyst estimates of $313.67 million. Bentley Systems had a return on equity of 33.87% and a net margin of 26.60%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company 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 Price Performance

BSY traded down $1.03 during trading on Tuesday, reaching $52.53. 1,078,763 shares of the company were exchanged, compared to its average volume of 1,330,061. Bentley Systems has a 12-month low of $41.44 and a 12-month high of $55.37. The company's 50-day moving average is $50.81 and its two-hundred day moving average is $50.86. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 1.72. The company has a market cap of $15.01 billion, a price-to-earnings ratio of 53.06, a P/E/G ratio of 5.44 and a beta of 1.10.

Bentley Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 20th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.46%. This is an increase from Bentley Systems's previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, March 19th. Bentley Systems's dividend payout ratio (DPR) is presently 24.24%.

Insider Buying and Selling at Bentley Systems

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BSY shares. William Blair began coverage on Bentley Systems in a research note on Thursday, March 28th. They set an "outperform" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $61.00 target price on shares of Bentley Systems in a research report on Wednesday, February 28th. Robert W. Baird upped their price target on shares of Bentley Systems from $58.00 to $59.00 and gave the company an "outperform" rating in a research report on Tuesday, February 6th. Piper Sandler reaffirmed an "overweight" rating and set a $60.00 price objective on shares of Bentley Systems in a research note on Wednesday, February 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $60.00 target price on shares of Bentley Systems in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.44.

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.