Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. The company also offers client engineering services to support customers with long-term ongoing product design and development services, as well as consulting, training, and support services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400
Debt
Debt-to-Equity RatioN/A
Current Ratio1.40
Quick Ratio1.40
Price-To-Earnings
Trailing P/E Ratio-62.71
Forward P/E Ratio135.48
P/E GrowthN/A
Sales & Book Value
Annual Sales$333.33 million
Price / Sales8.24
Cash FlowN/A
Price / CashN/A
Book Value$0.96 per share
Price / Book40.93
Profitability
EPS (Most Recent Fiscal Year)($0.63)
Net Income$-99,400,000.00
Net Margins-23.35%
Return on Equity-21.85%
Return on Assets-4.33%
Miscellaneous
Employees2,000
Outstanding Shares69,910,000
Market Cap$2.79 billion
Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions
What is Altair Engineering's stock symbol?
Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."
How were Altair Engineering's earnings last quarter?
Altair Engineering Inc (NASDAQ:ALTR) issued its quarterly earnings data on Thursday, August, 9th. The semiconductor manufacturer reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. The semiconductor manufacturer earned $95.60 million during the quarter, compared to analyst estimates of $91.08 million. Altair Engineering had a negative return on equity of 21.85% and a negative net margin of 23.35%. The business's revenue for the quarter was up 17.2% on a year-over-year basis. View Altair Engineering's Earnings History.
When is Altair Engineering's next earnings date?
What price target have analysts set for ALTR?
8 equities research analysts have issued twelve-month target prices for Altair Engineering's stock. Their forecasts range from $28.00 to $43.00. On average, they anticipate Altair Engineering's stock price to reach $38.00 in the next year. This suggests that the stock has a possible downside of 2.7%. View Analyst Price Targets for Altair Engineering.
What is the consensus analysts' recommendation for Altair Engineering?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altair Engineering.
What are Wall Street analysts saying about Altair Engineering stock?
Here are some recent quotes from research analysts about Altair Engineering stock:
- 1. According to Zacks Investment Research, "Altair Engineering Inc. is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for business performance. The company serves broad industry segments. Altair Engineering Inc. is headquartered in Michigan, USA. " (8/14/2018)
- 2. Berenberg Bank analysts commented, "We maintain our Buy recommendation with a price target of $36 (from $35)." (5/17/2018)
Are investors shorting Altair Engineering?
Altair Engineering saw a drop in short interest in the month of August. As of August 15th, there was short interest totalling 952,097 shares, a drop of 30.6% from the July 31st total of 1,372,269 shares. Based on an average daily volume of 429,238 shares, the days-to-cover ratio is presently 2.2 days. Currently, 3.3% of the company's shares are short sold. View Altair Engineering's Current Options Chain.
Who are some of Altair Engineering's key competitors?
Some companies that are related to Altair Engineering include Temenos (TMNSF), The Ultimate Software Group (ULTI), Dropbox (DBX), Atlassian (TEAM), Tyler Technologies (TYL), Tableau Software Inc Class A (DATA), Paycom Software (PAYC), Momo (MOMO), Nutanix (NTNX), Guidewire Software (GWRE), Trend Micro (TMICY), Twilio (TWLO), Docusign (DOCU), Black Knight (BKI) and Okta (OKTA).
Who are Altair Engineering's key executives?
Altair Engineering's management team includes the folowing people:
- Mr. James R. Scapa, Founder, Chairman & CEO (Age 61)
- Mr. Howard N. Morof, Chief Financial Officer (Age 58)
- Mr. Massimo Fariello, Chief Strategy Officer (Age 56)
- Mr. Brett Chouinard, Pres & COO (Age 53)
- Mr. Martin Nichols, Chief Information Officer (Age 55)
When did Altair Engineering IPO?
(ALTR) raised $144 million in an initial public offering (IPO) on Wednesday, November 1st 2017. The company issued 12,000,000 shares at a price of $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.
Has Altair Engineering been receiving favorable news coverage?
Headlines about ALTR stock have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Altair Engineering earned a daily sentiment score of 0.18 on Accern's scale. They also assigned news stories about the semiconductor manufacturer an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View Recent Headlines for Altair Engineering.
Who are Altair Engineering's major shareholders?
Altair Engineering's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.48%), Citadel Advisors LLC (1.08%), Wells Fargo & Company MN (0.91%), Janus Henderson Group PLC (0.81%), Hood River Capital Management LLC (0.65%) and Cortina Asset Management LLC (0.58%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James E Brancheau, James Ralph Scapa, Massimo Giuseppe Fariello and Nelson Dias. View Institutional Ownership Trends for Altair Engineering.
Which institutional investors are selling Altair Engineering stock?
ALTR stock was sold by a variety of institutional investors in the last quarter, including Tygh Capital Management Inc. and FMR LLC. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James E Brancheau, James Ralph Scapa, Massimo Giuseppe Fariello and Nelson Dias. View Insider Buying and Selling for Altair Engineering.
Which institutional investors are buying Altair Engineering stock?
ALTR stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Hood River Capital Management LLC, Citadel Advisors LLC, Cortina Asset Management LLC, Wells Fargo & Company MN, Fred Alger Management Inc., Northern Trust Corp and Point72 Asset Management L.P.. View Insider Buying and Selling for Altair Engineering.
How do I buy shares of Altair Engineering?
Shares of ALTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Altair Engineering's stock price today?
One share of ALTR stock can currently be purchased for approximately $39.07.
How big of a company is Altair Engineering?
Altair Engineering has a market capitalization of $2.79 billion and generates $333.33 million in revenue each year. The semiconductor manufacturer earns $-99,400,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Altair Engineering employs 2,000 workers across the globe.
How can I contact Altair Engineering?
Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The semiconductor manufacturer can be reached via phone at 248-614-2400.
MarketBeat Community Rating for Altair Engineering (NASDAQ ALTR)
MarketBeat's community ratings are surveys of what our community members think about Altair Engineering and other stocks. Vote "Outperform" if you believe ALTR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ALTR will underperform the S&P 500 over the long term. You may vote once every thirty days.
