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

$32.48
+1.12 (+3.57 %)
(As of 12/12/2019 06:07 AM ET)
Today's Range
$31.16
Now: $32.48
$32.52
50-Day Range
$28.22
MA: $33.01
$37.94
52-Week Range
$25.28
Now: $32.48
$43.28
Volume750,200 shs
Average Volume346,285 shs
Market Capitalization$2.33 billion
P/E Ratio87.78
Dividend YieldN/A
Beta1.38
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. Read More…

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$0.64 per share
Book Value$4.07 per share

Profitability

Net Income$13.72 million

Miscellaneous

Employees2,850
Market Cap$2.33 billion
Next Earnings Date2/27/2020 (Estimated)
OptionableOptionable

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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 results on Thursday, November, 7th. The software reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.14. The software had revenue of $102.70 million for the quarter, compared to analyst estimates of $105.04 million. Altair Engineering had a positive return on equity of 4.40% and a negative net margin of 3.85%. Altair Engineering's revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. 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, February 27th 2020. View Earnings Estimates for Altair Engineering.

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

Altair Engineering issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$449-453 million, compared to the consensus revenue estimate of $$470.91 million.

What price target have analysts set for ALTR?

6 brokerages have issued 12 month price targets for Altair Engineering's shares. Their forecasts range from $30.00 to $38.00. On average, they expect Altair Engineering's share price to reach $35.14 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View Analyst Price Targets for Altair Engineering.

What is the consensus analysts' recommendation for Altair Engineering?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Has Altair Engineering been receiving favorable news coverage?

Media stories about ALTR stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altair Engineering earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave press coverage about the software a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Altair Engineering.

Are investors shorting Altair Engineering?

Altair Engineering saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 4,480,000 shares, a decline of 7.1% from the October 31st total of 4,820,000 shares. Based on an average daily volume of 429,400 shares, the short-interest ratio is currently 10.4 days. Currently, 12.1% of the company's shares are sold short. View Altair Engineering's Current Options Chain.

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 Intel (INTC), Allergan (AGN), Cisco Systems (CSCO), NVIDIA (NVDA), QUALCOMM (QCOM), salesforce.com (CRM), General Electric (GE), Tesla (tsla), Xilinx (XLNX) and Applied Materials (AMAT).

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 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.

Who are Altair Engineering's major shareholders?

Altair Engineering's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Well Done LLC (18.59%), Pictet Asset Management Ltd. (4.47%), Conestoga Capital Advisors LLC (2.23%), State Street Corp (1.10%), Eagle Asset Management Inc. (0.25%) and Tygh Capital Management Inc. (0.24%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Christ Revocable Trust, 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 Tygh Capital Management Inc., Chartwell Investment Partners LLC, First Trust Advisors LP, Oppenheimer Asset Management Inc., State of New Jersey Common Pension Fund D, Eagle Asset Management Inc. and Tower Research Capital LLC TRC. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, 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 acquired by a variety of institutional investors in the last quarter, including Well Done LLC, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., California Public Employees Retirement System, Comerica Bank, State Street Corp, Envestnet Asset Management Inc. and Metropolitan Life Insurance Co NY. 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, Robinhood, Fidelity and Charles Schwab.

What is Altair Engineering's stock price today?

One share of ALTR stock can currently be purchased for approximately $32.48.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.33 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.View Additional Information About Altair Engineering.

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 EAST 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:  501 (Vote Outperform)
Underperform Votes:  700 (Vote Underperform)
Total Votes:  1,201
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 12/12/2019 by MarketBeat.com Staff

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