Alight (ALIT) Expected to Announce Earnings on Thursday

Alight (NYSE:ALIT - Get Free Report) is expected to release its earnings data before the market opens on Thursday, May 8th. Analysts expect Alight to post earnings of $0.12 per share and revenue of $542.66 million for the quarter. Alight has set its FY 2025 guidance at 0.580-0.640 EPS.

Alight (NYSE:ALIT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.04). The business had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%. On average, analysts expect Alight to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alight Price Performance

Shares of NYSE ALIT traded up $0.02 on Tuesday, hitting $5.27. The company's stock had a trading volume of 4,184,257 shares, compared to its average volume of 6,375,340. The stock has a 50 day moving average of $5.63 and a 200-day moving average of $6.60. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of -17.58 and a beta of 0.99. Alight has a 12-month low of $4.49 and a 12-month high of $9.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.30 and a quick ratio of 1.30.

Alight Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, June 2nd. Alight's dividend payout ratio is currently -53.33%.

Wall Street Analyst Weigh In

ALIT has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and set a $9.00 price target on shares of Alight in a research note on Monday, March 24th. Wedbush restated an "outperform" rating and issued a $11.00 price target on shares of Alight in a research note on Tuesday, March 25th. Finally, DA Davidson reaffirmed a "buy" rating and set a $10.00 target price on shares of Alight in a report on Wednesday, March 26th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Alight presently has an average rating of "Moderate Buy" and a consensus price target of $10.19.

Insiders Place Their Bets

In related news, Director Robert A. Schriesheim acquired 22,092 shares of Alight stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $6.79 per share, with a total value of $150,004.68. Following the purchase, the director now directly owns 22,092 shares in the company, valued at $150,004.68. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Massey bought 100,000 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the completion of the transaction, the director now directly owns 1,573,489 shares of the company's stock, valued at $10,054,594.71. This trade represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 125,092 shares of company stock worth $807,755 over the last ninety days. Company insiders own 5.33% of the company's stock.

About Alight

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.