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altair engineering inc. - ALTR

ALTR

Close Chg Chg %
105.87 -0.47 -0.44%

Closed Market

105.40

-0.47 (0.44%)

Volume: 488.64K

Last Updated:

Nov 26, 2024, 4:00 PM EDT

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Company Overview: altair engineering inc. - ALTR

ALTR Key Data

Open

$105.87

 Day Range

105.37 - 106.18

52 Week Range

70.07 - 113.12

 Market Cap

$9.02B

Shares Outstanding

85.18M

 Public Float

58.65M

Beta

1.44

 Rev. Per Employee

N/A

P/E Ratio

281.79

 EPS

$0.40

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

1.69M

  

ALTR Performance

1 Week
 
 0.19%
 
1 Month
 
 1.89%
 
3 Months
 
 16.64%
 
1 Year
 
 45.81%
 
5 Years
 
 217.76%
 

ALTR Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 8
Full Ratings ➔

About altair engineering inc. - ALTR

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

ALTR At a Glance

Altair Engineering, Inc.
1820 East Big Beaver Road
Troy, Michigan 48083
Phone 1-248-614-2400 Revenue 612.70M
Industry Packaged Software Net Income -8,926,000.00
Sector Technology Services 2023 Sales Growth 7.074%
Fiscal Year-end 12 / 2024 Employees 3,200
View SEC Filings

ALTR Valuation

P/E Current 281.794
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 11.069
Price to Book Ratio 9.707
Price to Cash Flow Ratio 53.274
Enterprise Value to EBITDA 168.388
Enterprise Value to Sales 10.859
Total Debt to Enterprise Value 0.051

ALTR Efficiency

Revenue/Employee 191,469.063
Income Per Employee -2,789.375
Receivables Turnover 2.92
Total Asset Turnover 0.477

ALTR Liquidity

Current Ratio 2.148
Quick Ratio 2.148
Cash Ratio 1.442

ALTR Profitability

Gross Margin 75.087
Operating Margin 0.063
Pretax Margin 2.06
Net Margin -1.457
Return on Assets -0.695
Return on Equity -1.394
Return on Total Capital -0.85
Return on Invested Capital -0.96

ALTR Capital Structure

Total Debt to Total Equity 47.634
Total Debt to Total Capital 32.265
Total Debt to Total Assets 24.85
Long-Term Debt to Equity 34.942
Long-Term Debt to Total Capital 23.668
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Altair Engineering Inc. - ALTR

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
469.92M 532.18M 572.22M 612.70M
Sales Growth
+2.40% +13.25% +7.52% +7.07%
Cost of Goods Sold (COGS) incl D&A
137.68M 147.00M 150.40M 152.64M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
23.81M 25.64M 35.50M 39.12M
Depreciation
7.43M 7.29M 7.99M 8.27M
Amortization of Intangibles
16.38M 18.36M 27.51M 30.85M
COGS Growth
-9.15% +6.77% +2.31% +1.49%
Gross Income
332.24M 385.18M 421.82M 460.06M
Gross Income Growth
+8.09% +15.93% +9.51% +9.06%
Gross Profit Margin
+70.70% +72.38% +73.72% +75.09%
2020 2021 2022 2023 5-year trend
SG&A Expense
323.95M 371.27M 438.71M 459.67M
Research & Development
126.08M 149.33M 185.86M 212.65M
Other SG&A
197.87M 221.94M 252.85M 247.03M
SGA Growth
+7.54% +14.61% +18.17% +4.78%
Other Operating Expense
- - - -
-
Unusual Expense
- - 5.05M 16.62M
-
EBIT after Unusual Expense
8.29M 8.86M (33.51M) 389.00K
Non Operating Income/Expense
5.34M 2.92M 9.68M 18.35M
Non-Operating Interest Income
- - - 16.86M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
11.60M 12.06M 4.38M 6.12M
Interest Expense Growth
+82.04% +4.03% -63.72% +39.73%
Gross Interest Expense
11.60M 12.06M 4.38M 6.12M
Interest Capitalized
- - - -
-
Pretax Income
2.03M (288.00K) (28.21M) 12.62M
Pretax Income Growth
-40.02% -114.17% -9,696.18% +144.73%
Pretax Margin
+0.43% -0.05% -4.93% +2.06%
Income Tax
12.53M 8.51M 15.22M 21.55M
Income Tax - Current - Domestic
(315.00K) 227.00K 621.00K 1.12M
Income Tax - Current - Foreign
23.20M 9.78M 18.76M 22.75M
Income Tax - Deferred - Domestic
(501.00K) 48.00K 42.00K 65.00K
Income Tax - Deferred - Foreign
(9.85M) (1.55M) (4.21M) (2.38M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(10.50M) (8.79M) (43.43M) (8.93M)
Minority Interest Expense
- - - -
-
Net Income
(10.50M) (8.79M) (43.43M) (8.93M)
Net Income Growth
-39.22% +16.25% -393.85% +79.45%
Net Margin Growth
-2.23% -1.65% -7.59% -1.46%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(10.50M) (8.79M) (43.43M) (8.93M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(10.50M) (8.79M) (43.43M) (8.93M)
EPS (Basic)
-0.1434 -0.1154 -0.5465 -0.1108
EPS (Basic) Growth
-36.05% +19.53% -373.57% +79.73%
Basic Shares Outstanding
73.24M 76.18M 79.47M 80.60M
EPS (Diluted)
-0.1434 -0.1154 -0.5465 -0.1108
EPS (Diluted) Growth
-36.05% +19.53% -373.57% +79.73%
Diluted Shares Outstanding
73.24M 76.18M 79.47M 80.60M
EBITDA
32.09M 39.55M 18.61M 39.51M
EBITDA Growth
-6.24% +23.25% -52.95% +112.30%
EBITDA Margin
+6.83% +7.43% +3.25% +6.45%

Snapshot

Average Recommendation HOLD Average Target Price 111.00
Number of Ratings 8 Current Quarters Estimate 0.515
FY Report Date 12 / 2024 Current Year's Estimate 1.315
Last Quarter’s Earnings 0.24 Median PE on CY Estimate N/A
Year Ago Earnings 1.13 Next Fiscal Year Estimate 1.418
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 9 8 9 9
Mean Estimate 0.51 0.44 1.32 1.42
High Estimates 0.59 0.51 1.39 1.77
Low Estimate 0.46 0.39 1.23 1.20
Coefficient of Variance 7.11 9.80 4.14 10.88

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 0 1 5
OVERWEIGHT 0 0 1
HOLD 8 8 5
UNDERWEIGHT 0 0 0
SELL 0 0 1
MEAN Hold Hold Overweight

Insider Actions for Altair Engineering Inc. - ALTR

Date Name Shares Transaction Value
Oct 30, 2024 James Ralph Scapa 6,500 Conversion of derivative security 0.00
Oct 30, 2024 James Ralph Scapa 2,817 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $102.08 per share 287,559.36
Oct 30, 2024 James Ralph Scapa 295 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $103.19 per share 30,441.05
Oct 30, 2024 James Ralph Scapa N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $103.84 per share 0.00
Oct 30, 2024 James Ralph Scapa Chief Executive Officer; Director 6,500 Conversion of derivative security 0.00
Oct 30, 2024 James Ralph Scapa Chief Executive Officer; Director 2,818 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $102.08 per share 287,661.44
Oct 30, 2024 James Ralph Scapa Chief Executive Officer; Director 296 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $103.19 per share 30,544.24
Oct 30, 2024 James Ralph Scapa Chief Executive Officer; Director N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $103.84 per share 0.00
Jul 17, 2024 Stephanie Buckner Chief Operating Officer 7,207 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 516,597.76
Jul 16, 2024 Gilma Saravia Chief People Officer 17,163 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 1,230,243.84
Jul 16, 2024 Matthew C. Brown Chief Financial Officer 56,567 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 4,054,722.56
Jul 16, 2024 Mahalingam Srikanth Chief Technology Officer 34,160 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 2,448,588.80
Jul 16, 2024 Brian Gayle Chief Accounting Officer 16,640 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 1,192,755.20
Jul 16, 2024 Kunju Ravi Chief Product Strategy Officer 30,665 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 2,198,067.20
Jul 16, 2024 Jeff Marraccini See Remarks 4,680 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 335,462.40
Jul 16, 2024 Amy Messano Chief Marketing Officer 18,224 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 1,306,296.32
Jul 16, 2024 Raoul Maitra Chief Legal Officer 26,413 Grant, award or other acq pursuant to Rule 16b-3(d) Non-derivative transaction at $71.68 per share 1,893,283.84
Jun 28, 2024 George John Christ 200,000 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $99.19 per share 19,838,000.00
Jun 28, 2024 George John Christ 225,529 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $98.13 per share 22,131,160.77
Jun 13, 2024 George John Christ 100,000 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $97.59 per share 9,759,000.00

Altair Engineering Inc. in the News