Alight (ALIT) to Release Earnings on Tuesday

Key Points

• Alight's Earnings Release: Alight is set to announce its earnings on August 5th, with analysts predicting earnings of $0.10 per share and revenue of $525.26 million for the quarter.
• Dividend Declaration: The company has declared a quarterly dividend of $0.04 per share, which will be paid on September 15th, representing a 2.81% yield.
• Analyst Ratings and Price Targets: Alight has received multiple research reports, with a "Moderate Buy" rating and an average price target of $9.86, indicating positive market sentiment.

Alight (NYSE:ALIT - Get Free Report) is expected to post its quarterly earnings results before the market opens on Tuesday, August 5th. Analysts expect Alight to post earnings of $0.10 per share and revenue of $525.26 million for the quarter. Alight has set its FY 2025 guidance at 0.580-0.64 EPS.

Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). The firm had revenue of $548.00 million during the quarter, compared to analyst estimates of $542.66 million. Alight had a negative net margin of 2.65% and a positive return on equity of 5.74%. Alight's quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.13 earnings per share. 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

NYSE:ALIT traded down $0.27 on Friday, reaching $5.09. The stock had a trading volume of 5,319,531 shares, compared to its average volume of 7,719,130. The company has a market capitalization of $2.74 billion, a P/E ratio of -36.35 and a beta of 1.00. Alight has a 1-year low of $4.49 and a 1-year high of $8.93. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $5.55 and a 200-day moving average price of $5.86.

Alight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.04 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.16 dividend on an annualized basis and a yield of 3.1%. Alight's payout ratio is -114.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wedbush reduced their price target on shares of Alight from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Needham & Company LLC reiterated a "buy" rating and set a $8.00 target price on shares of Alight in a research report on Friday, June 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Alight currently has an average rating of "Moderate Buy" and an average target price of $9.86.

Insider Activity

In related news, Director David D. Guilmette bought 50,000 shares of Alight stock in a transaction dated Tuesday, May 20th. The shares were bought at an average cost of $5.69 per share, for a total transaction of $284,500.00. Following the completion of the transaction, the director owned 600,750 shares of the company's stock, valued at approximately $3,418,267.50. This trade represents a 9.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.93% of the company's stock.

Institutional Investors Weigh In On Alight

A number of institutional investors and hedge funds have recently modified their holdings of ALIT. Royal Bank of Canada raised its stake in shares of Alight by 3.6% during the first quarter. Royal Bank of Canada now owns 159,901 shares of the company's stock worth $948,000 after buying an additional 5,525 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Alight during the first quarter worth approximately $434,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alight by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 249,753 shares of the company's stock worth $1,481,000 after buying an additional 10,893 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Alight by 1,776.2% during the first quarter. Jones Financial Companies Lllp now owns 11,257 shares of the company's stock worth $67,000 after buying an additional 10,657 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Alight by 7.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,027,103 shares of the company's stock worth $6,091,000 after buying an additional 66,771 shares during the last quarter. 96.74% of the stock is owned by institutional investors.

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.