Bentley Systems (BSY) Scheduled to Post Earnings on Thursday

Bentley Systems (NASDAQ:BSY - Get Free Report) is set to announce its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Bentley Systems (NASDAQ:BSY - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.08. The firm had revenue of $330.34 million for the quarter, compared to analysts' expectations of $325.20 million. Bentley Systems had a return on equity of 31.71% and a net margin of 29.17%. Bentley Systems's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. 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

Shares of BSY traded down $1.01 during trading hours on Thursday, reaching $48.60. 434,190 shares of the company traded hands, compared to its average volume of 1,212,500. The stock has a market capitalization of $14.12 billion, a PE ratio of 43.52, a price-to-earnings-growth ratio of 4.09 and a beta of 1.03. The stock has a fifty day simple moving average of $49.71 and a 200 day simple moving average of $50.47. Bentley Systems has a fifty-two week low of $43.82 and a fifty-two week high of $57.19. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.36.

Bentley Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Tuesday, September 17th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.24 annualized dividend and a yield of 0.49%. Bentley Systems's payout ratio is currently 21.05%.

Insider Buying and Selling

In related news, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now directly owns 12,298,230 shares in the company, valued at approximately $617,371,146. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Bentley Systems news, Director Barry J. Bentley sold 50,000 shares of Bentley Systems stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $50.20, for a total value of $2,510,000.00. Following the completion of the transaction, the director now owns 12,298,230 shares of the company's stock, valued at $617,371,146. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Raymond B. Bentley sold 91,045 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $49.43, for a total transaction of $4,500,354.35. Following the sale, the director now directly owns 16,598,656 shares in the company, valued at $820,471,566.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 326,032 shares of company stock worth $16,168,176. Insiders own 21.12% of the company's stock.

Wall Street Analyst Weigh In

BSY has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on shares of Bentley Systems from $57.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. Piper Sandler reissued an "overweight" rating and set a $63.00 price objective on shares of Bentley Systems in a research note on Wednesday, August 7th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $62.00 target price on shares of Bentley Systems in a research report on Monday, September 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $61.00 price target on shares of Bentley Systems in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.57.

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 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.