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 Stock Performance

ALIT stock traded up $1.17 during trading on Tuesday, reaching $8.63. 10,541,533 shares of the stock were exchanged, compared to its average volume of 5,623,396. The company has a market capitalization of $4.72 billion, a P/E ratio of -19.36 and a beta of 0.87. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. Alight has a twelve month low of $6.15 and a twelve month high of $10.38. The stock has a 50 day simple moving average of $7.20 and a 200-day simple moving average of $7.42.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $9.00 target price on shares of Alight in a report on Monday, September 30th. Wedbush cut their price objective on shares of Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a 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 report on Tuesday, August 20th. Finally, Citigroup dropped their price objective on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.