Altair Engineering Inc Forecasted to Post Q4 2017 Earnings of $0.07 Per Share (ALTR)

Altair Engineering Inc (NASDAQ:ALTR) – Analysts at William Blair dropped their Q4 2017 EPS estimates for Altair Engineering in a report released on Friday. William Blair analyst B. Suri now forecasts that the semiconductor manufacturer will post earnings of $0.07 per share for the quarter, down from their previous estimate of $0.08. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Altair Engineering’s Q4 2018 earnings at $0.14 EPS and FY2019 earnings at $0.52 EPS.

Altair Engineering (NASDAQ:ALTR) last issued its quarterly earnings data on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.63). The firm had revenue of $84.90 million for the quarter, compared to analysts’ expectations of $83.07 million. The company’s revenue was up 8.7% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank initiated coverage on shares of Altair Engineering in a research note on Monday, November 27th. They issued a “buy” rating and a $28.00 price objective on the stock. Canaccord Genuity began coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a “hold” rating and a $25.00 price objective for the company. J P Morgan Chase & Co began coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Royal Bank Of Canada began coverage on shares of Altair Engineering in a research note on Monday, November 27th. They set a “sector perform” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Altair Engineering presently has an average rating of “Hold” and an average target price of $26.00.

Altair Engineering (NASDAQ ALTR) opened at $21.56 on Monday. Altair Engineering has a one year low of $16.55 and a one year high of $25.59. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of -1.31.

In other Altair Engineering news, CEO James Ralph Scapa sold 1,734,996 shares of Altair Engineering stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $12.09, for a total transaction of $20,976,101.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Gc Investments Llc sold 800,000 shares of Altair Engineering stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $12.09, for a total value of $9,672,000.00. The disclosure for this sale can be found here.

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Altair Engineering Company Profile

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

Earnings History and Estimates for Altair Engineering (NASDAQ:ALTR)

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