Dassault Systèmes (OTCMKTS:DASTY) Releases FY 2022 Earnings Guidance

Dassault Systèmes (OTCMKTS:DASTY – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.19-$1.21 for the period, compared to the consensus estimate of $1.09. The company issued revenue guidance of $6.03 billion-$6.09 billion, compared to the consensus revenue estimate of $5.62 billion. Dassault Systèmes also updated its Q3 2022 guidance to $0.26-$0.28 EPS.

Dassault Systèmes Stock Performance

Dassault Systèmes stock opened at $43.01 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $39.07 and a two-hundred day moving average price of $43.45. Dassault Systèmes has a 52-week low of $34.55 and a 52-week high of $64.00. The firm has a market capitalization of $57.37 billion, a P/E ratio of 61.44, a P/E/G ratio of 3.71 and a beta of 0.99.

Dassault Systèmes Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 14th. Shareholders of record on Friday, May 20th were paid a dividend of $0.1479 per share. The ex-dividend date was Thursday, May 19th. This represents a yield of 0.37%. Dassault Systèmes’s dividend payout ratio is currently 21.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DASTY. JPMorgan Chase & Co. decreased their target price on Dassault Systèmes from €162.00 ($167.01) to €160.00 ($164.95) and set a neutral rating on the stock in a report on Thursday, July 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Dassault Systèmes from €50.00 ($51.55) to €45.00 ($46.39) in a report on Thursday, July 28th. Sanford C. Bernstein cut Dassault Systèmes from a market perform rating to an underperform rating in a report on Monday, July 11th. Societe Generale increased their target price on Dassault Systèmes from €43.00 ($44.33) to €46.00 ($47.42) in a report on Wednesday, July 27th. Finally, UBS Group raised their price target on Dassault Systèmes from €42.00 ($43.30) to €43.00 ($44.33) and gave the company a neutral rating in a report on Wednesday, July 27th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $59.50.

Hedge Funds Weigh In On Dassault Systèmes

A hedge fund recently raised its stake in Dassault Systèmes stock. PNC Financial Services Group Inc. boosted its stake in shares of Dassault Systèmes SE (OTCMKTS:DASTY – Get Rating) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,699 shares of the technology company’s stock after purchasing an additional 746 shares during the period. PNC Financial Services Group Inc.’s holdings in Dassault Systèmes were worth $830,000 as of its most recent filing with the SEC. 0.20% of the stock is currently owned by institutional investors.

About Dassault Systèmes

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Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS design software for 3D design, electrical and printed circuit board design, product data management, simulation, manufacturing, and technical communication; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for modeling and simulating the earth; and BIOVIA that provides the scientific community with advanced biological, chemical, and materials experiences.