Altair Engineering (ALTR) Expected to Announce Quarterly Earnings on Thursday

Altair Engineering (NASDAQ:ALTR - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $182.98 million for the quarter.

Altair Engineering (NASDAQ:ALTR - Get Free Report) last announced its earnings results on Thursday, February 20th. The software reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.15). Altair Engineering had a return on equity of 7.49% and a net margin of 5.10%. The firm had revenue of $192.63 million for the quarter, compared to analyst estimates of $182.98 million. On average, analysts expect Altair Engineering to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Altair Engineering Trading Up 0.1 %

NASDAQ ALTR traded up $0.07 during mid-day trading on Friday, reaching $111.85. 386,297 shares of the stock were exchanged, compared to its average volume of 778,877. The stock has a market capitalization of $9.52 billion, a PE ratio of 294.40, a PEG ratio of 10.70 and a beta of 1.42. The business's fifty day simple moving average is $109.80 and its 200 day simple moving average is $101.19. Altair Engineering has a 1-year low of $75.71 and a 1-year high of $113.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.27 and a current ratio of 3.27.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wolfe Research lowered shares of Altair Engineering from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Altair Engineering in a report on Friday. Loop Capital restated a "hold" rating and set a $113.00 target price on shares of Altair Engineering in a report on Thursday, October 31st. Rosenblatt Securities lifted their price target on shares of Altair Engineering from $88.00 to $113.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada boosted their target price on shares of Altair Engineering from $90.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $100.71.

Insider Transactions at Altair Engineering

In other news, CFO Matthew Charles Brown sold 1,048 shares of Altair Engineering stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $108.90, for a total value of $114,127.20. Following the completion of the transaction, the chief financial officer now directly owns 55,519 shares of the company's stock, valued at approximately $6,046,019.10. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jrs Investments Llc sold 6,500 shares of Altair Engineering stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $105.69, for a total transaction of $686,985.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,143 shares of company stock valued at $6,265,694. Insiders own 21.75% of the company's stock.

About Altair Engineering

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services.