Alight (NYSE:ALIT) Issues Q4 Earnings Guidance

Alight (NYSE:ALIT) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.22-0.27 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $665-685 million, compared to the consensus revenue estimate of $679.50 million.

Alight Stock Performance

NYSE:ALIT opened at $7.46 on Tuesday. The stock’s 50-day moving average is $7.20 and its 200-day moving average is $7.42. Alight has a 1-year low of $6.15 and a 1-year high of $10.38. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55. The stock has a market cap of $4.08 billion, a P/E ratio of -16.95 and a beta of 0.87.

Analysts Set New Price Targets

ALIT has been the subject of several recent research reports. Needham & Company LLC restated a “buy” rating and issued a $9.00 price target on shares of Alight in a research report on Monday, September 30th. Citigroup lowered their target price on Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Wedbush cut their target price on Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price target 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.75.

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.