Alight (NYSE:ALIT) Announces Quarterly Earnings Results

Alight (NYSE:ALIT) issued its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04), Zacks reports. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. Alight updated its FY 2025 guidance to 0.580-0.640 EPS.

Alight Stock Up 4.0 %

ALIT stock traded up $0.27 during trading on Thursday, reaching $6.95. The stock had a trading volume of 2,981,652 shares, compared to its average volume of 5,424,054. Alight has a 1-year low of $6.15 and a 1-year high of $10.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.77 billion, a P/E ratio of -14.55 and a beta of 0.94. The firm has a fifty day moving average price of $6.81 and a 200 day moving average price of $7.14.

Alight Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.04 dividend. 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%.

Insiders Place Their Bets

In other Alight 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 value of $2,000,000.00. Following the transaction, the president now owns 852,694 shares in the company, valued at $6,821,552. The trade was a 22.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ALIT. Canaccord Genuity Group boosted their price objective 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. KeyCorp boosted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, Needham & Company LLC lowered their price objective on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. 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 has an average rating of “Moderate Buy” and an average target price of $10.61.

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.