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


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Equities analysts expect Bentley Systems, Incorporated (NASDAQ:BSY) to post earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Bentley Systems’ earnings. The company is scheduled to report its next quarterly earnings results on Tuesday, June 1st.

On average, analysts expect that Bentley Systems will report full-year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.63 to $0.67. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.73 per share, with EPS estimates ranging from $0.71 to $0.74. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Bentley Systems.

Bentley Systems (NASDAQ:BSY) last announced its quarterly earnings data on Monday, March 1st. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $219.60 million during the quarter, compared to the consensus estimate of $212.80 million. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.

A number of research firms recently commented on BSY. Mizuho lifted their price target on Bentley Systems from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, March 3rd. KeyCorp upgraded shares of Bentley Systems from a “sector weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Monday, March 15th. Finally, Zacks Investment Research upgraded shares of Bentley Systems from a “sell” rating to a “hold” rating in a research report on Monday, March 8th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $43.43.

BSY opened at $48.99 on Monday. The firm has a 50-day moving average price of $45.68. Bentley Systems has a 1 year low of $27.00 and a 1 year high of $54.62. The company has a debt-to-equity ratio of 82.19, a quick ratio of 0.80 and a current ratio of 0.80.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 24th. Stockholders 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 annualized dividend and a dividend yield of 0.24%.

In related news, major shareholder Richard P. Bentley sold 22,062 shares of the business’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $41.14, for a total value of $907,630.68. Following the sale, the insider now owns 1,677,938 shares of the company’s stock, valued at $69,030,369.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Richard P. Bentley sold 173,000 shares of the business’s stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $47.02, for a total transaction of $8,134,460.00. Insiders have sold 473,375 shares of company stock valued at $22,167,651 over the last quarter.

Several institutional investors have recently modified their holdings of BSY. Artisan Partners Limited Partnership boosted its position in Bentley Systems by 1,001.8% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,718,703 shares of the company’s stock valued at $69,625,000 after acquiring an additional 1,562,717 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Bentley Systems by 37.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,372,737 shares of the company’s stock valued at $55,610,000 after acquiring an additional 371,455 shares during the last quarter. Wells Fargo & Company MN boosted its position in Bentley Systems by 15,065.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,284,486 shares of the company’s stock valued at $52,034,000 after acquiring an additional 1,276,016 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Bentley Systems by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 581,614 shares of the company’s stock valued at $23,561,000 after acquiring an additional 2,479 shares during the last quarter. Finally, BlackRock Inc. bought a new stake in Bentley Systems during the third quarter valued at $11,776,000. 4.85% of the stock is currently owned by institutional investors.

About Bentley Systems

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

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