Alight (ALIT) Expected to Announce Quarterly Earnings on Wednesday

Alight (NYSE:ALIT) is expected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.25 per share and revenue of $675.71 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Alight (NYSE:ALIT) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $555.00 million during the quarter, compared to the consensus estimate of $538.39 million. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. The company’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. On average, analysts expect Alight to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alight Trading Down 0.7 %

Shares of Alight stock opened at $6.69 on Wednesday. The company has a market cap of $3.63 billion, a P/E ratio of -13.93 and a beta of 0.94. The firm has a 50-day simple moving average of $6.90 and a two-hundred day simple moving average of $7.17. 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 fifty-two week low of $6.15 and a fifty-two week high of $10.38.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Needham & Company LLC cut their target price on shares of Alight from $11.00 to $9.00 and set a “buy” rating for the company in a research note on Thursday, January 9th. 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 note on Wednesday, November 13th. Finally, KeyCorp boosted their target price on shares of Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.61.

Insider Activity at Alight

In related news, insider Gregory A. George sold 84,929 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.60, for a total transaction of $645,460.40. Following the completion of the sale, the insider now owns 223,327 shares of the company’s stock, valued at approximately $1,697,285.20. This represents a 27.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gregory R. Goff sold 250,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $8.00, for a total transaction of $2,000,000.00. Following the sale, the president now directly owns 852,694 shares of the company’s stock, valued at approximately $6,821,552. This represents a 22.67 % decrease in their position. The disclosure for this sale can be found here. 5.33% of the stock is owned by corporate insiders.

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.