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Altair Engineering (ALTR)

(Delayed Data from NSDQ)

$84.84 USD

84.84
242,909

-1.20 (-1.39%)

Updated Sep 6, 2024 04:00 PM ET

After-Market: $85.19 +0.35 (0.41%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value A Growth D Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 21% (52 out of 249)

Industry: Engineering - R and D Services

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Better trading starts here.

Balance Sheet

Research for ALTR

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Altair Engineering Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 467 316 414 241 223
Receivables 207 182 147 125 112
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 26 29 28 21 17
Total Current Assets 701 527 588 387 352
Net Property & Equipment 40 38 40 36 36
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 10 10 9 7 6
Intangibles 542 557 469 341 301
Deposits & Other Assets 41 40 28 25 20
Total Assets 1,363 1,205 1,163 830 743
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 9 10 7 9 9
Current Portion Long-Term Debt 81 0 200 30 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 93 99 165 66 59
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 131 113 93 86 75
Total Current Liabilities 324 233 474 201 153
Mortgages 0 0 0 0 0
Deferred Taxes/Income 32 31 13 9 8
Convertible Debt 226 306 0 0 0
Long-Term Debt 0 0 0 189 178
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 47 41 44 28 29
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 652 635 550 451 388
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 864 721 724 475 447
Retained Earnings -131 -122 -102 -93 -82
Other Equity -22 -30 -9 -3 -10
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 711 570 613 379 355
Total Liabilities & Shareholder's Equity 1,363 1,205 1,163 830 743
Total Common Equity 711 570 613 379 355
Shares Outstanding 82.00 80.00 79.20 74.30 72.40
Book Value Per Share 8.67 7.12 7.74 5.10 4.90

Fiscal Year End for Altair Engineering Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 507 558 467 431 418
Receivables 144 147 207 134 139
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 29 26 26 27 30
Total Current Assets 680 730 701 592 587
Net Property & Equipment 38 39 40 38 39
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 9 10 10 8 8
Intangibles 537 530 542 539 548
Deposits & Other Assets 40 40 41 42 44
Total Assets 1,336 1,380 1,363 1,252 1,256
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 4 7 9 5 5
Current Portion Long-Term Debt 0 82 81 81 81
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 81 80 93 90 102
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 123 121 131 111 122
Total Current Liabilities 217 297 324 297 319
Mortgages 0 0 0 0 0
Deferred Taxes/Income 29 24 32 28 27
Convertible Debt 227 226 226 226 225
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 48 47 44 43
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 545 617 652 618 636
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 940 904 864 817 790
Retained Earnings -119 -114 -131 -150 -146
Other Equity -29 -27 -22 -32 -24
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 791 763 711 634 620
Total Liabilities & Shareholder's Equity 1,336 1,380 1,363 1,252 1,256
Total Common Equity 791 763 711 634 620
Shares Outstanding 84.80 83.00 82.00 81.60 81.20
Book Value Per Share 9.33 9.19 8.67 7.77 7.64