Wedbush Has Negative Estimate for Alight Q1 Earnings

Alight, Inc. (NYSE:ALIT - Free Report) - Investment analysts at Wedbush dropped their Q1 2025 earnings per share (EPS) estimates for Alight in a research note issued to investors on Tuesday, March 25th. Wedbush analyst D. Ives now forecasts that the company will post earnings per share of $0.11 for the quarter, down from their prior estimate of $0.13. Wedbush currently has a "Outperform" rating and a $11.00 price objective on the stock. The consensus estimate for Alight's current full-year earnings is $0.54 per share. Wedbush also issued estimates for Alight's Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.07 EPS, Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.26 EPS and FY2026 earnings at $0.57 EPS.

A number of other brokerages have also commented on ALIT. DA Davidson restated a "buy" rating and set a $10.00 price target on shares of Alight in a research note on Wednesday, March 26th. Needham & Company LLC reissued a "buy" rating and issued a $9.00 price objective on shares of Alight in a report on Monday, March 24th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alight has an average rating of "Moderate Buy" and an average price target of $10.19.

Alight Trading Down 1.0 %

Shares of ALIT stock traded down $0.06 during mid-day trading on Thursday, reaching $5.86. 1,401,963 shares of the stock traded hands, compared to its average volume of 5,586,001. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.46. Alight has a 1-year low of $5.77 and a 1-year high of $9.92. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -19.48 and a beta of 0.94. The stock's fifty day simple moving average is $6.56 and its two-hundred day simple moving average is $7.01.

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Alight (NYSE:ALIT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.04). The company had revenue of $680.00 million during the quarter, compared to analyst estimates of $675.66 million. Alight had a negative net margin of 5.53% and a positive return on equity of 5.42%.

Alight Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, March 3rd. Alight's payout ratio is -53.33%.

Insider Activity

In other Alight news, Director Robert A. Schriesheim acquired 22,092 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of $6.79 per share, with a total value of $150,004.68. Following the completion of the purchase, the director now owns 22,092 shares of the company's stock, valued at approximately $150,004.68. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Massey purchased 100,000 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $6.39 per share, for a total transaction of $639,000.00. Following the acquisition, the director now owns 1,573,489 shares in the company, valued at approximately $10,054,594.71. This represents a 6.79 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 125,092 shares of company stock worth $807,755. 5.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alight

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in Alight by 107.6% in the fourth quarter. Blue Trust Inc. now owns 3,336 shares of the company's stock worth $25,000 after acquiring an additional 1,729 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Alight by 65.5% during the third quarter. Public Employees Retirement System of Ohio now owns 5,042 shares of the company's stock worth $37,000 after purchasing an additional 1,996 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Alight in the 4th quarter worth about $50,000. Sandia Investment Management LP bought a new position in shares of Alight during the 4th quarter valued at about $69,000. Finally, Headlands Technologies LLC purchased a new position in shares of Alight during the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 96.74% 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.