Alight (ALIT) Set to Announce Earnings on Tuesday

Alight (NYSE:ALIT) is anticipated to release its results after the market closes on Tuesday, November 3rd. Analysts expect Alight to announce earnings of $0.1232 per share and revenue of $473.74 million for the quarter.

Alight (NYSE:ALIT) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.15. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $497.02 million. Alight had a positive return on equity of 16.05% and a negative net margin of 90.90%. On average, analysts expect Alight to post $4.92 EPS for the current fiscal year and $5.85 EPS for the next fiscal year.

Alight Stock Performance

Shares of ALIT opened at $8.62 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $232.36 million, a P/E ratio of -0.11, a P/E/G ratio of 0.17 and a beta of 1.69. The company’s fifty day moving average is $11.51 and its two-hundred day moving average is $16.63. Alight has a 1 year low of $7.93 and a 1 year high of $64.00.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup restated a “neutral” rating and set a $16.00 target price (down from $20.00) on shares of Alight in a research report on Thursday, August 20th. DA Davidson reduced their price target on shares of Alight from $32.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Needham & Company LLC reissued a “hold” rating on shares of Alight in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Alight in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Alight presently has a consensus rating of “Hold” and a consensus price target of $49.33.

Alight Company Profile

Alight, Inc is a cloud-based provider of human capital and business solutions for employers and their employees. The company helps organizations manage employee benefits, payroll, human resources, financial administration and related workforce processes through technology-enabled services.

Its offerings include benefits administration, healthcare and employee wellbeing programs, retirement and financial solutions, payroll services, human resources administration and workforce management tools.