Alithya Group Inc. (NYSE:ALYA) – Investment analysts at Cormark lowered their FY2022 earnings per share (EPS) estimates for shares of Alithya Group in a research report issued on Monday, March 23rd. Cormark analyst G. Fairweather now anticipates that the company will earn $0.02 per share for the year, down from their previous forecast of $0.08. Cormark has a “Market Perform” rating and a $3.00 price target on the stock.
Alithya Group (NYSE:ALYA) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $50.19 million during the quarter, compared to analysts’ expectations of $55.51 million.
Separately, Zacks Investment Research upgraded Alithya Group from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a report on Wednesday, February 19th.
Shares of NYSE ALYA opened at $1.75 on Wednesday. Alithya Group has a 12-month low of $0.96 and a 12-month high of $3.89. The stock has a fifty day moving average price of $2.51 and a 200 day moving average price of $2.68.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. acquired a new stake in Alithya Group in the 4th quarter valued at $408,000. Ancora Advisors LLC increased its holdings in Alithya Group by 5.2% in the 4th quarter. Ancora Advisors LLC now owns 1,888,340 shares of the company’s stock valued at $5,250,000 after purchasing an additional 93,426 shares in the last quarter. Bank of Montreal Can increased its holdings in Alithya Group by 30.0% in the 4th quarter. Bank of Montreal Can now owns 62,450 shares of the company’s stock valued at $174,000 after purchasing an additional 14,400 shares in the last quarter. Fiera Capital Corp increased its holdings in Alithya Group by 2.4% in the 4th quarter. Fiera Capital Corp now owns 1,576,615 shares of the company’s stock valued at $4,398,000 after purchasing an additional 36,659 shares in the last quarter. Finally, CLARET ASSET MANAGEMENT Corp increased its holdings in Alithya Group by 72.2% in the 4th quarter. CLARET ASSET MANAGEMENT Corp now owns 6,111,334 shares of the company’s stock valued at $17,030,000 after purchasing an additional 2,561,353 shares in the last quarter.
Alithya Group Company Profile
Alithya Group Inc provides strategy and digital technology services in Canada, the United States, and Europe. The company's digital strategy and transformation services include strategic consulting and organizational change, governance and strategic alignment, investment management, collaborative management and co-management, business and enterprise architecture, managing the people side of change, and project management.
Recommended Story: QQQ ETF
Receive News & Ratings for Alithya Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alithya Group and related companies with MarketBeat.com's FREE daily email newsletter.