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

Alight (NYSE:ALIT) released its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) 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%. Alight updated its FY 2025 guidance to 0.580-0.640 EPS.

Alight Price Performance

Shares of ALIT stock traded up $0.27 during mid-day trading on Thursday, reaching $6.95. The stock had a trading volume of 4,709,516 shares, compared to its average volume of 5,509,129. The company has a market cap of $3.77 billion, a P/E ratio of -14.47 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. Alight has a 12-month low of $6.15 and a 12-month high of $10.38. The business has a 50-day simple moving average of $6.81 and a 200 day simple moving average of $7.14.

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 dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 dividend on an annualized basis and a yield of 2.30%.

Insider Buying and Selling

In related news, President Gregory R. Goff sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $8.00, for a total value of $2,000,000.00. Following the sale, the president now owns 852,694 shares of the company’s stock, valued at approximately $6,821,552. This represents a 22.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.33% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALIT. Canaccord Genuity Group boosted their target price on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC cut their price objective on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Finally, KeyCorp lifted their target price on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Alight currently has an average rating of “Moderate Buy” and a consensus 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.