Alithya Group Inc. (NYSE:ALYA) to Post FY2021 Earnings of ($0.07) Per Share, Cormark Forecasts
Alithya Group Inc. (NYSE:ALYA) – Investment analysts at Cormark reduced their FY2021 earnings estimates for Alithya Group in a research report issued to clients and investors on Monday, March 23rd. Cormark analyst G. Fairweather now expects that the company will earn ($0.07) per share for the year, down from their prior estimate of $0.03. Cormark currently has a “Market Perform” rating and a $3.00 price objective on the stock.
Separately, Zacks Investment Research raised shares of Alithya Group from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Wednesday, February 19th.
Alithya Group (NYSE:ALYA) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $50.19 million for the quarter, compared to the consensus estimate of $55.51 million.
Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its holdings in shares of Alithya Group by 30.0% during the fourth quarter. Bank of Montreal Can now owns 62,450 shares of the company’s stock worth $174,000 after purchasing an additional 14,400 shares during the last quarter. Fiera Capital Corp boosted its position in Alithya Group by 2.4% in the 4th quarter. Fiera Capital Corp now owns 1,576,615 shares of the company’s stock worth $4,398,000 after purchasing an additional 36,659 shares in the last quarter. Ancora Advisors LLC boosted its position in Alithya Group by 2.2% in the 3rd quarter. Ancora Advisors LLC now owns 1,794,914 shares of the company’s stock worth $5,313,000 after purchasing an additional 38,547 shares in the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Alithya Group during the 4th quarter worth approximately $408,000. Finally, Millennium Management LLC grew its stake in shares of Alithya Group by 1,468.3% during the 3rd quarter. Millennium Management LLC now owns 191,560 shares of the company’s stock worth $574,000 after purchasing an additional 205,560 shares during the period.
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.
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