Alight (NYSE:ALIT) Announces Quarterly Earnings Results

Alight (NYSE:ALIT) released its earnings results on Wednesday. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01), Briefing.com reports. The firm had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $539.43 million. Alight had a negative net margin of 94.23% and a positive return on equity of 6.94%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. Alight updated its FY 2025 guidance to 0.540-0.580 EPS.

Alight Trading Down 5.2%

ALIT stock traded down $0.13 during midday trading on Thursday, hitting $2.38. 10,521,920 shares of the company’s stock were exchanged, compared to its average volume of 9,373,394. The business has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $4.51. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.28 billion, a PE ratio of -0.58 and a beta of 1.02. Alight has a 1-year low of $2.36 and a 1-year high of $8.93.

Alight Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.16 annualized dividend and a yield of 6.7%. Alight’s dividend payout ratio (DPR) is -7.24%.

Institutional Investors Weigh In On Alight

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Alight during the first quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in Alight by 152.1% during the second quarter. EverSource Wealth Advisors LLC now owns 5,201 shares of the company’s stock worth $29,000 after acquiring an additional 3,138 shares during the last quarter. Peapack Gladstone Financial Corp acquired a new stake in Alight during the second quarter worth $64,000. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 10,657 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Alight during the second quarter worth $124,000. Institutional investors and hedge funds own 96.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Alight in a research report on Wednesday, October 8th. Needham & Company LLC decreased their target price on Alight from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. Wedbush reduced their price objective on Alight from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, UBS Group reduced their price objective on Alight from $6.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alight has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

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.