Alight (NYSE:ALIT - Get Free Report) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.220-0.270 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $665.0 million-$685.0 million, compared to the consensus revenue estimate of $681.0 million. Alight also updated its Q4 guidance to $0.22-0.27 EPS.
Analyst Ratings Changes
A number of analysts recently commented on ALIT shares. JPMorgan Chase & Co. cut Alight from an "overweight" rating to a "neutral" rating and set a $8.00 price objective for the company. in a research report on Tuesday, August 20th. Needham & Company LLC reiterated a "buy" rating and set a $9.00 price objective on shares of Alight in a research report on Monday, September 30th. Citigroup dropped their price objective on Alight from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Finally, Wedbush dropped their price objective on Alight from $12.00 to $10.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $10.75.
Read Our Latest Stock Report on ALIT
Alight Trading Up 13.4 %
Shares of NYSE:ALIT traded up $1.00 during trading on Tuesday, reaching $8.46. 19,454,176 shares of the stock were exchanged, compared to its average volume of 5,667,197. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.37. Alight has a 12-month low of $6.15 and a 12-month high of $10.38. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of -19.36 and a beta of 0.87. The firm's 50-day moving average price is $7.20 and its 200 day moving average price is $7.42.
About Alight
(
Get Free Report)
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.
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