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 also updated its Q4 2024 guidance to 0.220-0.270 EPS.

Analyst Ratings Changes

A number of research firms recently weighed in on ALIT. Canaccord Genuity Group raised their price target on Alight from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Wedbush reduced their price target on Alight from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC lifted their target price on Alight from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup reduced their target price on Alight from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, KeyCorp lifted their target price on Alight from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.95.

Alight Price Performance

Shares of NYSE:ALIT traded down $0.27 during midday trading on Thursday, reaching $8.15. The company had a trading volume of 726,344 shares, compared to its average volume of 5,712,410. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day moving average price is $7.25 and its 200 day moving average price is $7.42. Alight has a 1-year low of $6.15 and a 1-year high of $10.38.

Alight (NYSE:ALIT) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $555.00 million for the quarter, compared to the consensus estimate of $538.39 million. Alight had a positive return on equity of 5.53% and a negative net margin of 7.95%. The business’s revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, equities research analysts predict that Alight will post 0.42 EPS for the current year.

Alight Announces Dividend

The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 2nd.

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.