Alight (NYSE:ALIT) Releases Q4 2024 Earnings Guidance

Alight (NYSE:ALIT) 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.

Alight Trading Up 1.1 %

Shares of NYSE:ALIT opened at $8.55 on Wednesday. Alight has a 52-week low of $6.15 and a 52-week high of $10.38. The business has a 50-day moving average price of $7.23 and a 200-day moving average price of $7.41. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of -19.23 and a beta of 0.87.

Analysts Set New Price Targets

ALIT has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price for the company. in a report on Tuesday, August 20th. Citigroup reduced their price target on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Canaccord Genuity Group raised their price objective on shares of Alight from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Wedbush decreased their target price on shares of Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Needham & Company LLC lifted their price objective on shares of Alight from $9.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.85.

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.