Alight (NYSE:ALIT) Updates 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 Analysts Forecast Growth

ALIT has been the subject of several recent analyst reports. KeyCorp increased their target price on Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Needham & Company LLC reduced their price objective on Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Thursday, January 9th. Finally, Canaccord Genuity Group boosted their target price on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.61.

Alight Stock Up 0.1 %

ALIT opened at $6.67 on Thursday. The stock’s 50 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 1 year low of $6.15 and a 1 year high of $10.38.

Alight Dividend Announcement

The firm also recently declared 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. This represents a $0.16 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd.

Insider Activity

In related news, President Gregory R. Goff sold 250,000 shares of the firm’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 transaction of $2,000,000.00. Following the completion of the transaction, the president now owns 852,694 shares in the company, valued at $6,821,552. This trade represents a 22.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.33% of the company’s stock.

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.