NASDAQ:ALTR - Altair Engineering Stock Price, News, & Analysis

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$37.30 +0.54 (+1.47 %)
(As of 05/23/2019 09:31 AM ET)
Previous Close$36.76
Today's Range$36.45 - $37.73
52-Week Range$25.28 - $43.99
Volume277,970 shs
Average Volume209,142 shs
Market Capitalization$2.65 billion
P/E Ratio100.81
Dividend YieldN/A
Beta1.6
Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions 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. The company offers software products in the areas of design, modeling, visualization; physics simulation; data intelligence; cloud computing; and Internet of Things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides consulting, training, and implementation services; and client engineering services to support customers with ongoing product design and development services. The company was founded in 1985 and is headquartered in Troy, Michigan.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
Current SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$396.38 million
Cash Flow$0.6278 per share
Book Value$4.24 per share

Profitability

Net Income$13.72 million

Miscellaneous

Employees2,850
Market Cap$2.65 billion
Next Earnings Date8/8/2019 (Estimated)
OptionableOptionable

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) announced its quarterly earnings data on Thursday, May, 9th. The software reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The software earned $127.86 million during the quarter, compared to the consensus estimate of $125.82 million. Altair Engineering had a return on equity of 11.56% and a net margin of 2.62%. Altair Engineering's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. View Altair Engineering's Earnings History.

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. View Earnings Estimates for Altair Engineering.

What guidance has Altair Engineering issued on next quarter's earnings?

Altair Engineering updated its second quarter 2019 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $106-108 million, compared to the consensus revenue estimate of $113.2 million.Altair Engineering also updated its FY 2019 guidance to EPS.

What price target have analysts set for ALTR?

7 Wall Street analysts have issued 1-year target prices for Altair Engineering's shares. Their forecasts range from $36.00 to $43.00. On average, they anticipate Altair Engineering's share price to reach $39.7833 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price. View Analyst Price Targets for Altair Engineering.

What is the consensus analysts' recommendation for Altair Engineering?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Has Altair Engineering been receiving favorable news coverage?

News articles about ALTR stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altair Engineering earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave media headlines about the software a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.

Who are some of Altair Engineering's key competitors?

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), NVIDIA (NVDA), QUALCOMM (QCOM), Xilinx (XLNX), Allergan (AGN), Applied Materials (AMAT), Skyworks Solutions (SWKS), Tesla (tsla) and salesforce.com (CRM).

Who are Altair Engineering's key executives?

Altair Engineering's management team includes the folowing people:
  • Mr. James R. Scapa, Founder, Chairman & CEO (Age 62)
  • Mr. Brett Chouinard, Pres, COO & Director (Age 54)
  • Mr. Howard N. Morof, Chief Financial Officer (Age 59)
  • Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 61)
  • Mr. Massimo Fariello, Sr. VP and Chief of R&D (Age 57)

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 $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Who are Altair Engineering's major shareholders?

Altair Engineering's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (3.83%), BlackRock Inc. (3.35%), Primecap Management Co. CA (1.63%), Wasatch Advisors Inc. (1.34%), Janus Henderson Group PLC (0.85%) and Wells Fargo & Company MN (0.73%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. 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 Summit Partners Public Asset Management LLC, SG Americas Securities LLC, Oxford Asset Management LLP, BlackRock Inc., Strs Ohio, NJ State Employees Deferred Compensation Plan, Apriem Advisors and Wells Fargo & Company MN. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. 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 Neuberger Berman Group LLC, Primecap Management Co. CA, Charles Schwab Investment Management Inc., Wasatch Advisors Inc., Tygh Capital Management Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co. and Janus Henderson Group PLC. 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 $37.30.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.65 billion and generates $396.38 million in revenue each year. The software earns $13.72 million in net income (profit) each year or $0.37 on an earnings per share basis. Altair Engineering employs 2,850 workers across the globe.

What is Altair Engineering's official website?

The official website for Altair Engineering is http://www.altair.com/.

How can I contact Altair Engineering?

Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at 248-614-2400 or via email at [email protected]


MarketBeat Community Rating for Altair Engineering (NASDAQ ALTR)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  460 (Vote Outperform)
Underperform Votes:  642 (Vote Underperform)
Total Votes:  1,102
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.
This page was last updated on 5/23/2019 by MarketBeat.com Staff

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