Alight (NYSE:ALIT) Updates FY 2025 Earnings Guidance

Alight (NYSE:ALIT) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.580-0.640 for the period, compared to the consensus earnings per share estimate of 0.590. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analyst Upgrades and Downgrades

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

Alight Stock Down 1.5 %

ALIT opened at $6.83 on Friday. The company has a fifty day moving average price of $6.80 and a 200-day moving average price of $7.14. The firm has a market capitalization of $3.71 billion, a P/E ratio of -22.75 and a beta of 0.94. 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 has a one year low of $6.15 and a one year high of $10.38.

Alight (NYSE:ALIT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Alight had a positive return on equity of 5.42% and a negative net margin of 5.53%. The company had revenue of $680.00 million for the quarter, compared to the consensus estimate of $675.66 million. Equities research analysts expect that Alight will post 0.54 earnings per share for the current fiscal year.

Alight Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Monday, March 3rd.

Insiders Place Their Bets

In other Alight news, President Gregory R. Goff sold 250,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.00, for a total value of $2,000,000.00. Following the transaction, the president now owns 852,694 shares in the company, valued at approximately $6,821,552. The trade was a 22.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.33% of the stock is currently owned by insiders.

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.