Altair Engineering (ALTR) Projected to Post Quarterly Earnings on Thursday

Altair Engineering (NASDAQ:ALTR) is expected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.41 per share and revenue of $186.58 million for the quarter.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings results on Thursday, February 20th. The software reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.15). Altair Engineering had a return on equity of 8.08% and a net margin of 2.13%. The firm had revenue of $192.63 million for the quarter, compared to analyst estimates of $182.98 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 Price Performance

NASDAQ:ALTR opened at $111.85 on Tuesday. Altair Engineering has a twelve month low of $75.71 and a twelve month high of $113.12. The business has a 50 day moving average price of $111.69 and a two-hundred day moving average price of $108.56. The company has a market cap of $9.60 billion, a P/E ratio of 657.94, a price-to-earnings-growth ratio of 10.75 and a beta of 1.45.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ALTR. Needham & Company LLC reaffirmed a “hold” rating on shares of Altair Engineering in a research report on Friday, February 21st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $113.00 price target on shares of Altair Engineering in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Altair Engineering currently has a consensus rating of “Hold” and a consensus price target of $100.83.

Insider Activity

In other news, Director Teresa A. Harris sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $111.61, for a total transaction of $301,347.00. Following the completion of the sale, the director now owns 18,542 shares in the company, valued at approximately $2,069,472.62. This trade represents a 12.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew Charles Brown sold 3,811 shares of Altair Engineering stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $111.53, for a total transaction of $425,040.83. Following the sale, the chief financial officer now directly owns 69,394 shares of the company’s stock, valued at $7,739,512.82. The trade was a 5.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,172 shares of company stock valued at $1,356,847. 21.75% of the stock is owned by 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.