Alight (NYSE:ALIT) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Alight (NYSE:ALIT) announced its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04), Zacks reports. Alight had a positive return on equity of 5.61% and a negative net margin of 7.95%. The firm had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $675.66 million. Alight updated its FY 2025 guidance to 0.580-0.640 EPS.

Alight Trading Up 3.4 %

Alight stock opened at $6.91 on Friday. The business has a 50-day simple moving average of $6.81 and a two-hundred day simple moving average of $7.14. Alight has a 52-week low of $6.15 and a 52-week high of $10.38. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.75 billion, a P/E ratio of -14.39 and a beta of 0.94.

Alight Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 annualized dividend and a yield of 2.32%.

Insider Transactions at Alight

In other news, President Gregory R. Goff sold 250,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $8.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the president now owns 852,694 shares of the company’s stock, valued at $6,821,552. The trade was a 22.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $9.00 price target on shares of Alight in a research note on Friday. KeyCorp lifted their price objective on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group upped their target price on shares of Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alight has a consensus rating of “Moderate Buy” and an average price target of $10.61.

Alight Company Profile

Alight, Inc provides cloud-based integrated digital human capital and business solutions worldwide. The company operates through two segments, Employer Solutions and Professional Services. The Employer Solutions segment offers employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll; and operates AI-led capabilities software.