Alight (NYSE:ALIT) Releases Q4 Earnings Guidance

Alight (NYSE:ALIT) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.22-0.27 for the period, compared to the consensus estimate of $0.22. The company issued revenue guidance of $665-685 million, compared to the consensus revenue estimate of $679.50 million.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. 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 note on Tuesday, August 20th. Citigroup reduced their price target on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and set a $9.00 price objective on shares of Alight in a report on Monday, September 30th. Finally, Wedbush reduced 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 research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.75.

Alight Trading Up 1.6 %

Shares of ALIT stock opened at $7.46 on Tuesday. Alight has a 52-week low of $6.15 and a 52-week high of $10.38. The company has a 50-day simple moving average of $7.20 and a two-hundred day simple moving average of $7.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -16.95 and a beta of 0.87.

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.