Alight (NYSE:ALIT) Releases Q4 2024 Earnings Guidance

Alight (NYSE:ALIT) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. 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.

Alight Price Performance

Shares of NYSE ALIT traded up $1.17 during mid-day trading on Tuesday, reaching $8.63. 10,541,533 shares of the company traded hands, compared to its average volume of 5,623,396. The firm has a market cap of $4.72 billion, a PE ratio of -19.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. Alight has a fifty-two week low of $6.15 and a fifty-two week high of $10.38. The stock has a fifty day simple moving average of $7.20 and a 200-day simple moving average of $7.42.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ALIT. Needham & Company LLC reissued a “buy” rating and issued a $9.00 price objective on shares of Alight in a research note on Monday, September 30th. Wedbush cut their price target 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. Citigroup lowered their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. lowered shares of 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. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.