Alight (ALIT) Scheduled to Post Earnings on Tuesday

Alight (NYSE:ALIT - Get Free Report) will release its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect Alight to post earnings of $0.11 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Alight (NYSE:ALIT - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $787.00 million during the quarter, compared to analysts' expectations of $791.22 million. Alight had a negative net margin of 6.58% and a positive return on equity of 5.42%. On average, analysts expect Alight to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Alight Price Performance

NYSE ALIT traded up $0.22 on Tuesday, hitting $6.95. 3,259,016 shares of the company were exchanged, compared to its average volume of 5,615,464. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. Alight has a 1-year low of $6.15 and a 1-year high of $10.38. The company has a market cap of $3.80 billion, a P/E ratio of -15.75 and a beta of 0.87. The firm has a 50 day moving average of $7.21 and a two-hundred day moving average of $7.48.

Analysts Set New Price Targets

A number of research firms have commented on ALIT. Citigroup lowered their target price on shares of Alight from $12.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, August 29th. KeyCorp cut their target price on Alight from $11.00 to $10.00 and set an "overweight" rating on the stock in a research note on Thursday, July 11th. JPMorgan Chase & Co. lowered Alight from an "overweight" rating to a "neutral" rating and set a $8.00 target price for the company. in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a "buy" rating and issued a $9.00 price target on shares of Alight in a research report on Monday, September 30th. Finally, Wedbush decreased their price objective on shares of Alight from $12.00 to $10.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.75.

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.