NASDAQ:ALTR - Altair Engineering Stock Price, Price Target & More

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$34.62 +0.11 (+0.32 %)
(As of 07/18/2018 08:23 AM ET)
Previous Close$34.51
Today's Range$33.3002 - $34.89
52-Week Range$16.55 - $37.77
Volume242,886 shs
Average Volume448,944 shs
Market Capitalization$2.18 billion
P/E Ratio-54.95
Dividend YieldN/A
BetaN/A
Altair Engineering logoAltair 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustrySemiconductors
SectorConstruction
SymbolNASDAQ:ALTR
CUSIP02144110
Phone248-614-2400

Debt

Debt-to-Equity Ratio0.01
Current Ratio0.77
Quick Ratio0.76

Price-To-Earnings

Trailing P/E Ratio-54.95
Forward P/E Ratio128.22
P/E GrowthN/A

Sales & Book Value

Annual Sales$333.33 million
Price / Sales6.57
Cash FlowN/A
Price / CashN/A
Book Value$0.96 per share
Price / Book36.06

Profitability

EPS (Most Recent Fiscal Year)($0.63)
Net Income$-99,400,000.00
Net MarginsN/A
Return on Equity-330.75%
Return on Assets-6.17%

Miscellaneous

Employees2,000
Outstanding Shares63,230,000
Market Cap$2,182.14

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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) announced its quarterly earnings data on Monday, May, 14th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.05. The semiconductor manufacturer had revenue of $91.70 million for the quarter, compared to analysts' expectations of $87.01 million. Altair Engineering's revenue was up 19.2% on a year-over-year basis. 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 Monday, August, 13th 2018. View Earnings Estimates for Altair Engineering.

What price target have analysts set for ALTR?

8 analysts have issued 12 month target prices for Altair Engineering's stock. Their predictions range from $28.00 to $43.00. On average, they anticipate Altair Engineering's stock price to reach $35.1429 in the next twelve months. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Ratings 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."

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. " (7/17/2018)
  • 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 decrease in short interest in June. As of June 15th, there was short interest totalling 476,970 shares, a decrease of 36.7% from the May 31st total of 754,043 shares. Based on an average daily trading volume, of 794,593 shares, the short-interest ratio is presently 0.6 days. Approximately 2.3% of the company's shares are sold short. View Altair Engineering's Current Options Chain.

Who are some of Altair Engineering's key competitors?

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 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 served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Has Altair Engineering been receiving favorable news coverage?

News stories about ALTR stock have trended positive on Wednesday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altair Engineering earned a media sentiment score of 0.46 on Accern's scale. They also assigned news headlines about the semiconductor manufacturer an impact score of 46.22 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

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 $34.62.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $2.18 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)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  395 (Vote Outperform)
Underperform Votes:  556 (Vote Underperform)
Total Votes:  951
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 7/18/2018 by MarketBeat.com Staff

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