Altair Engineering (NASDAQ:ALTR – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Altair Engineering has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The software reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. Altair Engineering had a positive return on equity of 3.77% and a negative net margin of 1.46%. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $172.48 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 Stock Performance
Shares of Altair Engineering stock opened at $83.45 on Thursday. The business has a 50-day simple moving average of $84.18 and a 200-day simple moving average of $78.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.16 and a current ratio of 2.16. Altair Engineering has a one year low of $57.59 and a one year high of $92.92. The company has a market cap of $6.88 billion, a PE ratio of -641.92, a P/E/G ratio of 10.96 and a beta of 1.42.
Analysts Set New Price Targets
View Our Latest Research Report on Altair Engineering
Insider Buying and Selling
In other Altair Engineering news, major shareholder Christ Revocable Trust sold 3,904 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $85.42, for a total value of $333,479.68. Following the completion of the transaction, the insider now owns 283,336 shares in the company, valued at $24,202,561.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Altair Engineering news, CEO James Ralph Scapa sold 10,000 shares of Altair Engineering stock in a transaction on Monday, March 18th. The shares were sold at an average price of $80.74, for a total value of $807,400.00. Following the transaction, the chief executive officer now directly owns 139,605 shares in the company, valued at $11,271,707.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Christ Revocable Trust sold 3,904 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $85.42, for a total transaction of $333,479.68. Following the sale, the insider now owns 283,336 shares of the company’s stock, valued at approximately $24,202,561.12. The disclosure for this sale can be found here. Insiders have sold 161,830 shares of company stock worth $13,876,320 in the last ninety days. 21.75% of the stock is owned by corporate insiders.
Altair Engineering Company Profile
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.
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