Altair Engineering Inc (NASDAQ:ALTR) – Equities researchers at William Blair cut their Q4 2017 earnings per share (EPS) estimates for shares of Altair Engineering in a research note issued to investors 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 forecast of $0.08. William Blair currently 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 earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.63). The business had revenue of $84.90 million for the quarter, compared to the consensus estimate of $83.07 million. The company’s revenue was up 8.7% compared to the same quarter last year.

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

Altair Engineering (NASDAQ:ALTR) opened at $23.46 on Monday. The company has a debt-to-equity ratio of -1.46, a current ratio of 0.56 and a quick ratio of 0.55. Altair Engineering has a 1-year low of $16.55 and a 1-year high of $25.59.

In other Altair Engineering news, CEO James Ralph Scapa sold 1,734,996 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were 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 Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Gc Investments Llc sold 800,000 shares of the firm’s 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 $9,672,000.00. The disclosure for this sale can be found here. Company insiders own 0.69% of the company’s stock.

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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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