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Altair Engineering Inc (DE:8A2)
FRANKFURT:8A2
Holding DE:8A2?
Track your performance easily
8A2 Stock Chart & Stats
Day’s Range€0 - €0
52-Week Range€67.50 - €104.00
Previous Close€103
Volume0.00
Average Volume (3M)78.00
Market Cap
€8.94B
Enterprise Value€8.70B
Total Cash (Recent Filing)$513.37M
Total Debt (Recent Filing)$259.51M
Price to Earnings (P/E)274.2
Beta0.55
Next Earnings
Feb 20, 2025EPS Estimate
€0.49Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.38
Shares Outstanding85,081,191
10 Day Avg. Volume2
30 Day Avg. Volume78
Standard DeviationN/A
R-SquaredN/A
AlphaN/A
Financial Highlights & Ratios
Price to Book (P/B)10.57
Price to Sales (P/S)14.39
Price to Cash Flow (P/CF)159.40
P/FCF Ratio225.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue13.49
Enterprise Value/Gross Profit17.71
Enterprise Value/Ebitda87.36
Forecast
1Y Price Target
€105.89Price Target Upside2.81% Upside
Rating ConsensusHold
Number of Analyst Covering7
Altair Engineering News
Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsThe announced acquisition by Siemens for $113 per share in an all-cash deal is a good outcome for shareholders, offering a 19% premium to Altair Engineering's unaffected price.
Revenue SynergiesSiemens expects incremental revenue synergies from the transaction to be between $500 million and $1 billion over the medium to long term.
Strategic FitThis acquisition makes strategic sense as both companies are in the industrial software space and Altair's portfolio should be a good fit for Siemens, as EDA and system simulation continue to converge.
Bears Say
Acquisition OffersThere is no expectation of a counter offer from another potential acquirer for Altair Engineering.
Company RatingThe analyst downgraded Altair Engineering's rating to Peer Perform following the acquisition announcement.
Licensing ModelAltair's units licensing model could pose some problem with most acquirers utilizing a subscription or traditional license + support scheme.
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8A2 FAQ
What was Altair Engineering Inc’s price range in the past 12 months?
Altair Engineering Inc lowest stock price was €67.50 and its highest was €104.00 in the past 12 months.
What is Altair Engineering Inc’s market cap?
Currently, no data Available
When is Altair Engineering Inc’s upcoming earnings report date?
Altair Engineering Inc’s upcoming earnings report date is Feb 20, 2025 which is in 60 days.
How were Altair Engineering Inc’s earnings last quarter?
Altair Engineering Inc released its earnings results on Oct 30, 2024. The company reported €0.229 earnings per share for the quarter, beating the consensus estimate of €0.153 by €0.075.
Is Altair Engineering Inc overvalued?
According to Wall Street analysts Altair Engineering Inc’s price is currently Undervalued.
Does Altair Engineering Inc pay dividends?
Altair Engineering Inc does not currently pay dividends.
What is Altair Engineering Inc’s EPS estimate?
Altair Engineering Inc’s EPS estimate is €0.49.
How many shares outstanding does Altair Engineering Inc have?
Altair Engineering Inc has 60,137,615 shares outstanding.
What happened to Altair Engineering Inc’s price movement after its last earnings report?
Altair Engineering Inc reported an EPS of €0.229 in its last earnings report, beating expectations of €0.153. Following the earnings report the stock price went down -4.5%.
Which hedge fund is a major shareholder of Altair Engineering Inc?
Among the largest hedge funds holding Altair Engineering Inc’s share is Matrix Capital Management Company, LP. It holds Altair Engineering Inc’s shares valued at 1B.
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Altair Engineering Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
€105.89 (2.81% Upside)
€105.89 (2.81% Upside)
Blogger Sentiment
Bullish
DE:8A2 Sentiment 83%
Sector Average 69%
Sector Average 69%
Insider Transactions
Sold Shares
Worth $63.9M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
46.84%
12-Months-Change
Fundamentals
Return on Equity
4.47%
Trailing 12-Months
Asset Growth
10.05%
Trailing 12-Months
Company Description
Altair Engineering Inc
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James R. Scapa in 1985 and is headquartered in Troy, MI.
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8A2 Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted Altair's strong revenue performance, especially in the software segment, driven by large contracts in aerospace and defense. The company is recognized for its leadership in data science and machine learning, evidenced by its position in the Gartner Magic Quadrant. Despite some foreign exchange impacts on margins, the overall trajectory appears positive with strategic acquisitions and partnerships poised to drive future growth.Read More>---
8A2 Stock 12 Month Forecast
Average Price Target
€105.89
▲(2.81% Upside)
Technical Analysis
Best Analysts Covering 8A2
1 Year
1 Year Success Rate
16/17 ratings generated profit
1 Year Average Return
+23.21%
reiterated a buy rating 2 months ago
Copying Kenneth Wong's trades and holding each position for 1 Year would result in 94.12% of your transactions generating a profit, with an average return of +23.21% per trade.
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