Alight (NYSE:ALIT) Releases Q4 Earnings Guidance

Alight (NYSE:ALIT - Get Free Report) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.22-0.27 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $665-685 million, compared to the consensus revenue estimate of $679.50 million. Alight also updated its Q4 2024 guidance to 0.220-0.270 EPS.

Alight Stock Up 12.5 %

NYSE:ALIT traded up $0.93 during trading hours on Tuesday, reaching $8.39. The company's stock had a trading volume of 15,716,710 shares, compared to its average volume of 5,650,131. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. The business's 50-day moving average is $7.20 and its 200-day moving average is $7.42. Alight has a one year low of $6.15 and a one year high of $10.38. The company has a market cap of $4.58 billion, a price-to-earnings ratio of -19.36 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wedbush reduced their price objective on shares of Alight from $12.00 to $10.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. 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 note on Tuesday, August 20th. Citigroup reduced 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, Needham & Company LLC restated a "buy" rating and issued a $9.00 price objective on shares of Alight in a research report on Monday, September 30th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Alight presently has an average rating of "Moderate Buy" and an average target price of $10.75.

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.