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 (EPS) guidance of 0.220-0.270 for the period, compared to the consensus 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 Up 1.1 %

NYSE ALIT opened at $8.55 on Wednesday. Alight has a one year low of $6.15 and a one year high of $10.38. 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 stock has a 50 day moving average price of $7.23 and a 200-day moving average price of $7.41. The company has a market capitalization of $4.67 billion, a P/E ratio of -19.23 and a beta of 0.87.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ALIT. Wedbush decreased 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. Citigroup cut their target price on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Canaccord Genuity Group upped their price objective on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC raised their price target on shares of Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. cut shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Tuesday, August 20th. One 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, Alight presently has an average 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.