Dassault Systèmes (OTCMKTS:DASTY) Updates FY 2024 Earnings Guidance

Dassault Systèmes (OTCMKTS:DASTY) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.397-1.430 for the period, compared to the consensus earnings per share estimate of 1.390. The company issued revenue guidance of $6.9 billion-$7.0 billion, compared to the consensus revenue estimate of $6.9 billion. Dassault Systèmes also updated its Q3 2024 guidance to 0.310-0.319 EPS.

Dassault Systèmes Stock Up 4.5 %

Shares of Dassault Systèmes stock traded up $1.65 on Friday, reaching $38.13. 195,012 shares of the company were exchanged, compared to its average volume of 137,221. The stock’s 50 day moving average price is $38.88 and its 200-day moving average price is $42.93. The company has a market cap of $51.03 billion, a P/E ratio of 40.99, a price-to-earnings-growth ratio of 3.38 and a beta of 0.91. Dassault Systèmes has a 1-year low of $35.62 and a 1-year high of $53.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 1.72.

Dassault Systèmes (OTCMKTS:DASTY) last issued its earnings results on Thursday, April 25th. The technology company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Dassault Systèmes had a net margin of 17.96% and a return on equity of 18.30%. As a group, equities analysts forecast that Dassault Systèmes will post 1.28 EPS for the current year.

About Dassault Systèmes

Dassault Systèmes SE provides software solutions and services worldwide. It offers SOLIDWORKS provides easy-to-use 2D and 3D product development solutions accessible to any business; CATIA, an engineering and design software for product 3D computer-aided design; GEOVIA for intersection of natural resources, infrastructure, and urban planning; and BIOVIA that develops chemicals, biologics, and materials experiences.