Alight (NYSE:ALIT) Issues FY 2025 Earnings Guidance

Alight (NYSE:ALIT) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.580-0.640 for the period, compared to the consensus EPS 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on ALIT. KeyCorp boosted their price objective on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Canaccord Genuity Group boosted their price objective on Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC cut their price objective on Alight from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Alight currently has an average rating of “Moderate Buy” and an average price target of $10.61.

Alight Stock Up 4.7 %

NYSE:ALIT traded up $0.32 on Thursday, hitting $7.00. 6,622,856 shares of the company’s stock traded hands, compared to its average volume of 5,567,650. 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 1 year low of $6.15 and a 1 year high of $10.38. The firm has a 50-day moving average price of $6.81 and a 200-day moving average price of $7.14. The company has a market cap of $3.80 billion, a PE ratio of -14.57 and a beta of 0.94.

Alight (NYSE:ALIT) last released its earnings results on Thursday, February 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. Equities analysts anticipate that Alight will post 0.47 EPS for the current fiscal year.

Alight Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.16 annualized dividend and a dividend yield of 2.29%.

Insider Activity at Alight

In related news, President Gregory R. Goff sold 250,000 shares of the business’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 completion of the sale, the president now owns 852,694 shares of the company’s stock, valued at approximately $6,821,552. The trade was a 22.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.33% of the stock is currently owned by company 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.