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.

Alight Price Performance

Shares of NYSE:ALIT opened at $7.46 on Tuesday. The company has a market capitalization of $4.08 billion, a P/E ratio of -16.95 and a beta of 0.87. Alight has a 1-year low of $6.15 and a 1-year high of $10.38. The firm’s 50 day simple moving average is $7.20 and its two-hundred day simple moving average is $7.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37.

Analysts Set New Price Targets

Several research analysts recently weighed in on ALIT shares. Citigroup dropped their target price on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Alight in a research note on Monday, September 30th. JPMorgan Chase & Co. cut Alight from an “overweight” rating to a “neutral” rating and set a $8.00 target price for the company. in a research report on Tuesday, August 20th. Finally, Wedbush lowered their price target on Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.