Alight (ALIT) Expected to Announce Quarterly Earnings on Wednesday

Alight (NYSE:ALIT) is anticipated 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 that are interested in participating in 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 (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $555.00 million for the quarter, compared to analyst estimates of $538.39 million. Alight had a negative net margin of 7.95% and a positive return on equity of 5.61%. Alight’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company 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 Stock Performance

Shares of ALIT stock opened at $6.69 on Wednesday. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -13.93 and a beta of 0.94. The company’s 50 day moving average is $6.90 and its 200 day moving average is $7.17. 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 52-week low of $6.15 and a 52-week high of $10.38.

Wall Street Analysts Forecast Growth

ALIT has been the topic of several research reports. KeyCorp lifted their price objective on shares of Alight from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Needham & Company LLC cut their price target on shares of Alight from $11.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, January 9th. Finally, Canaccord Genuity Group lifted their price target on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $10.61.

Insider Transactions at Alight

In other news, President Gregory R. Goff sold 250,000 shares of Alight stock in a transaction on 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 completion of the sale, the president now directly owns 852,694 shares in the company, valued at approximately $6,821,552. The trade was a 22.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory A. George sold 84,929 shares of Alight stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.60, for a total transaction of $645,460.40. Following the sale, the insider now owns 223,327 shares of the company’s stock, valued at $1,697,285.20. The trade was a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.