Brokerages Expect Alithya Group Inc. (NASDAQ:ALYA) to Post -$0.03 Earnings Per Share

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Wall Street brokerages predict that Alithya Group Inc. (NASDAQ:ALYA) will report earnings per share (EPS) of ($0.03) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Alithya Group’s earnings. Alithya Group reported earnings per share of ($0.07) during the same quarter last year, which indicates a positive year over year growth rate of 57.1%. The business is expected to issue its next earnings results on Friday, June 18th.

According to Zacks, analysts expect that Alithya Group will report full year earnings of ($0.13) per share for the current financial year, with EPS estimates ranging from ($0.23) to ($0.05). For the next financial year, analysts expect that the company will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.11) to $0.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Alithya Group.

A number of analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Alithya Group from $2.50 to $3.00 and gave the stock a “hold” rating in a research report on Friday, November 13th. Zacks Investment Research cut shares of Alithya Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th. Finally, Scotiabank boosted their price target on Alithya Group from $2.75 to $3.00 and gave the company a “sector perform” rating in a research note on Friday, November 13th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $2.94.

Alithya Group stock opened at $2.42 on Tuesday. The company has a market cap of $123.60 million, a PE ratio of -4.10 and a beta of 0.97. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $2.50 and its 200-day moving average price is $2.45. Alithya Group has a twelve month low of $0.96 and a twelve month high of $5.47.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Alithya Group by 1.5% during the fourth quarter. Renaissance Technologies LLC now owns 827,332 shares of the company’s stock worth $1,729,000 after buying an additional 12,500 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Alithya Group during the 4th quarter worth about $172,000. Jarislowsky Fraser Ltd acquired a new position in shares of Alithya Group during the 3rd quarter worth about $1,063,000. Finally, Verdence Capital Advisors LLC purchased a new position in shares of Alithya Group in the 3rd quarter valued at about $2,842,000. Institutional investors and hedge funds own 30.85% of the company’s stock.

About Alithya Group

Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's business strategy services include strategic consulting, digital transformation, organizational performance, and enterprise architecture services. It also provides application services, such as digital applications development, legacy systems modernization, control and software engineering, cloud infrastructure, quality assurance, and automated testing; enterprise solutions comprising enterprise resource planning, corporate performance management, customer relationship management, and human capital management; and data and analytics solutions, including business intelligence, data management, artificial intelligence, and machine learning, as well as internet of things.

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