Altair Engineering (ALTR) to Release Quarterly Earnings on Thursday

Altair Engineering (NASDAQ:ALTR) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Altair Engineering has set its FY 2019 guidance at EPS and its Q2 2019 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Altair Engineering (NASDAQ:ALTR) last released its earnings results on Thursday, May 9th. The software reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The company had revenue of $127.86 million during the quarter, compared to the consensus estimate of $125.82 million. Altair Engineering had a return on equity of 11.56% and a net margin of 2.62%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share.

ALTR stock opened at $40.39 on Wednesday. The company has a market capitalization of $2.89 billion, a P/E ratio of 106.95 and a beta of 1.40. Altair Engineering has a twelve month low of $25.28 and a twelve month high of $43.99. The company has a current ratio of 1.09, a quick ratio of 1.06 and a debt-to-equity ratio of 0.12. The business’s fifty day moving average price is $41.12.

ALTR has been the subject of a number of recent research reports. Zacks Investment Research downgraded Altair Engineering from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. ValuEngine downgraded Altair Engineering from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Altair Engineering currently has an average rating of “Hold” and a consensus price target of $40.28.

In related news, CEO James Ralph Scapa sold 90,000 shares of Altair Engineering stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $40.65, for a total transaction of $3,658,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Uwe Schramm sold 1,612 shares of Altair Engineering stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $37.70, for a total value of $60,772.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 437,233 shares of company stock valued at $17,265,226. 29.27% of the stock is owned by insiders.

About Altair Engineering

Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions 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.

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Earnings History for Altair Engineering (NASDAQ:ALTR)

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