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Altair Engineering Inc (ALTR)
NASDAQ:ALTR
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ALTR Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$57.59 - $101.39
Previous Close$84.84
Volume242.91K
Average Volume (3M)648.53K
Market Cap
$7.30B
Enterprise Value$7.06B
Total Cash (Recent Filing)$507.01M
Total Debt (Recent Filing)$259.14M
Price to Earnings (P/E)281.5
Beta1.52
Next Earnings
Oct 31, 2024EPS Estimate
$0.16Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.30
Shares Outstanding84,886,191
10 Day Avg. Volume311,955
30 Day Avg. Volume648,528
Standard Deviation0.10
R-Squared0.56
Alpha0.00328
Financial Highlights & Ratios
Price to Book (P/B)28.68
Price to Sales (P/S)11.64
Price to Cash Flow (P/CF)63.90
P/FCF Ratio65.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue11.25
Enterprise Value/Gross Profit14.37
Enterprise Value/Ebitda85.62
Forecast
1Y Price Target
$91.20Price Target Upside7.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
Altair Engineering News
Bulls Say, Bears Say
Bulls Say
Market PositionThe company remains well positioned to capitalize on the growing convergence of HPC, simulation, and data analytics through the company’s unique pooled unit model.
Revenue GrowthAltair's Software Product Revenue grew 10.6%, outpacing the guidance of approximately 8%.
Sector StrengthManagement sees the aerospace and defense vertical as particularly strong for the quarter and expects the strength to continue into 2025.
Bears Say
PerformanceAltair's 'Rule Of' profile ranks in the bottom tercile of the broader coverage and lags behind the engineering software peer set.
Revenue OutlookLimited upside is expected versus near-term estimates for revenue and profitability.
ValuationAltair’s valuation could limit future upside despite its strong positioning within the simulation landscape.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ALTR FAQ
What was Altair Engineering Inc’s price range in the past 12 months?
Altair Engineering Inc lowest stock price was $57.59 and its highest was $101.39 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 Oct 31, 2024 which is in 53 days.
How were Altair Engineering Inc’s earnings last quarter?
Altair Engineering Inc released its earnings results on Aug 01, 2024. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.155 by $0.005.
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 $0.16.
How many shares outstanding does Altair Engineering Inc have?
Altair Engineering Inc has 59,427,616 shares outstanding.
What happened to Altair Engineering Inc’s price movement after its last earnings report?
Altair Engineering Inc reported an EPS of $0.16 in its last earnings report, beating expectations of $0.155. Following the earnings report the stock price went down -2.965%.
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
Moderate Buy
Average Price Target:
$91.20 (7.50% Upside)
$91.20 (7.50% Upside)
Blogger Sentiment
Bullish
ALTR Sentiment 87%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Increased
By 4.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $57.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 2.7%
Last 30 Days ▼ 0.4%
Last 30 Days ▼ 0.4%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.60%
12-Months-Change
Fundamentals
Return on Equity
3.78%
Trailing 12-Months
Asset Growth
6.38%
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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ALTR Earnings Call
Q2 2024
0:00 / 0:00
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ALTR Stock 12 Month Forecast
Average Price Target
$91.20
▲(7.50% Upside)
Technical Analysis
Best Analysts Covering ALTR
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+13.53%
reiterated a buy rating 20 days ago
Copying Kenneth Wong's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +13.53% per trade.
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