Zacks: Analysts Expect Bentley Systems, Incorporated (NASDAQ:BSY) to Post $0.16 Earnings Per Share


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Wall Street analysts forecast that Bentley Systems, Incorporated (NASDAQ:BSY) will report $0.16 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Bentley Systems’ earnings. The business is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, May 11th.

According to Zacks, analysts expect that Bentley Systems will report full year earnings of $0.66 per share for the current financial year, with EPS estimates ranging from $0.64 to $0.67. For the next fiscal year, analysts expect that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.71 to $0.74. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Bentley Systems.

Bentley Systems (NASDAQ:BSY) last announced its earnings results on Monday, March 1st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $219.60 million for the quarter, compared to analyst estimates of $212.80 million. The business’s quarterly revenue was up 8.2% compared to the same quarter last year.

A number of equities analysts have recently weighed in on BSY shares. Mizuho boosted their price objective on shares of Bentley Systems from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, March 3rd. KeyCorp boosted their target price on shares of Bentley Systems from $52.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, April 19th. Finally, Zacks Investment Research upgraded shares of Bentley Systems from a “sell” rating to a “hold” rating in a report on Monday, March 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $43.71.

Shares of NASDAQ:BSY traded down $1.19 during trading on Thursday, reaching $50.54. The stock had a trading volume of 23,913 shares, compared to its average volume of 669,073. The business has a fifty day moving average price of $47.80 and a 200-day moving average price of $42.73. The company has a debt-to-equity ratio of 82.19, a quick ratio of 0.80 and a current ratio of 0.80. Bentley Systems has a fifty-two week low of $27.00 and a fifty-two week high of $54.62.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 24th. Shareholders of record on Wednesday, March 10th were issued a dividend of $0.03 per share. The ex-dividend date was Tuesday, March 9th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.24%.

In other news, major shareholder Richard P. Bentley sold 22,062 shares of the company’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $41.14, for a total transaction of $907,630.68. Following the completion of the transaction, the insider now owns 1,677,938 shares in the company, valued at $69,030,369.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Richard P. Bentley sold 238,921 shares of the company’s stock in a transaction dated Wednesday, April 21st. The stock was sold at an average price of $50.88, for a total transaction of $12,156,300.48. Following the transaction, the insider now owns 923,306 shares of the company’s stock, valued at approximately $46,977,809.28. The disclosure for this sale can be found here. Insiders have sold 981,832 shares of company stock worth $47,893,133 over the last three months.

A number of institutional investors and hedge funds have recently made changes to their positions in BSY. Morgan Stanley bought a new position in shares of Bentley Systems during the 3rd quarter valued at about $176,000. Schonfeld Strategic Advisors LLC purchased a new stake in Bentley Systems during the third quarter valued at about $289,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Bentley Systems during the third quarter valued at about $60,000. Sei Investments Co. purchased a new stake in shares of Bentley Systems in the third quarter worth approximately $1,937,000. Finally, Pentwater Capital Management LP purchased a new stake in shares of Bentley Systems in the third quarter worth approximately $314,000. Hedge funds and other institutional investors own 4.85% of the company’s stock.

Bentley Systems Company Profile

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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Earnings History and Estimates for Bentley Systems (NASDAQ:BSY)

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