Altair Engineering (NASDAQ:ALTR – Get Free Report) will announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Altair Engineering has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The firm had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $146.88 million. Altair Engineering had a return on equity of 6.89% and a net margin of 4.26%. Altair Engineering’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. 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 Down 1.4 %
Shares of Altair Engineering stock opened at $102.00 on Tuesday. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $92.85 and its 200-day simple moving average is $90.97. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 1,133.33, a PEG ratio of 12.15 and a beta of 1.45. Altair Engineering has a twelve month low of $57.59 and a twelve month high of $112.15.
Analyst Ratings Changes
Check Out Our Latest Report on Altair Engineering
Insider Buying and Selling
In related news, CEO James Ralph Scapa sold 13,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $89.04, for a total value of $1,157,520.00. Following the completion of the transaction, the chief executive officer now directly owns 134,045 shares of the company’s stock, valued at $11,935,366.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Altair Engineering news, major shareholder Christ Revocable Trust sold 100,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $106.57, for a total transaction of $10,657,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Ralph Scapa sold 13,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $89.04, for a total value of $1,157,520.00. Following the transaction, the chief executive officer now directly owns 134,045 shares of the company’s stock, valued at approximately $11,935,366.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,860 shares of company stock valued at $33,476,155 in the last three months. 21.75% of the stock is currently 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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