Altair Engineering (ALTR) Set to Announce Earnings on Thursday

Altair Engineering (NASDAQ:ALTR) will release its earnings data after the market closes on Thursday, November 8th. Analysts expect Altair Engineering to post earnings of $0.06 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings data on Thursday, August 9th. The semiconductor manufacturer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. Altair Engineering had a negative return on equity of 21.85% and a negative net margin of 23.35%. The company had revenue of $95.60 million for the quarter, compared to the consensus estimate of $91.08 million. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, analysts expect Altair Engineering to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ ALTR opened at $31.92 on Wednesday. Altair Engineering has a twelve month low of $18.62 and a twelve month high of $43.99. The firm has a market cap of $2.65 billion and a P/E ratio of -50.67.

Several research firms recently weighed in on ALTR. Zacks Investment Research downgraded Altair Engineering from a “buy” rating to a “hold” rating in a report on Monday, October 15th. William Blair reissued an “outperform” rating on shares of Altair Engineering in a report on Thursday, August 23rd. ValuEngine raised Altair Engineering from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Royal Bank of Canada lifted their target price on Altair Engineering from $38.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, August 10th. Finally, Needham & Company LLC lifted their target price on Altair Engineering from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $39.00.

A hedge fund recently raised its stake in Altair Engineering stock. Bank of New York Mellon Corp boosted its stake in shares of Altair Engineering Inc (NASDAQ:ALTR) by 462.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,434 shares of the semiconductor manufacturer’s stock after buying an additional 84,213 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.15% of Altair Engineering worth $3,501,000 as of its most recent SEC filing. 35.50% of the stock is currently owned by institutional investors.

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About Altair Engineering

Altair Engineering Inc, together with its subsidiaries, provides enterprise-class engineering software worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering.

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Earnings History for Altair Engineering (NASDAQ:ALTR)

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