Alight (NYSE:ALIT) Issues FY 2025 Earnings Guidance

Alight (NYSE:ALIT) issued an update on its FY 2025 earnings guidance on Thursday morning. 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.

Analysts Set New Price Targets

A number of brokerages recently commented on ALIT. Canaccord Genuity Group upped their price objective on Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Needham & Company LLC lowered their price target on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Finally, KeyCorp lifted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.61.

Alight Price Performance

Shares of NYSE ALIT opened at $6.67 on Thursday. The stock’s fifty day simple moving average is $6.81 and its 200 day simple moving average is $7.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.30 and a current ratio of 1.30. Alight has a 52-week low of $6.15 and a 52-week high of $10.38.

Alight Announces Dividend

The company also recently disclosed 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. This represents a $0.16 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Monday, March 3rd.

Insiders Place Their Bets

In other news, President Gregory R. Goff sold 250,000 shares of the company’s stock in a transaction dated 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 transaction, the president now owns 852,694 shares in the company, valued at $6,821,552. This represents a 22.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.33% of the company’s stock.

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.