Alight (ALIT) Scheduled to Post Quarterly Earnings on Tuesday

Alight (NYSE:ALIT) is scheduled to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Alight to post earnings of $0.11 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alight Stock Down 1.7 %

Shares of ALIT opened at $7.34 on Friday. The firm has a 50 day simple moving average of $7.20 and a two-hundred day simple moving average of $7.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 1.37. Alight has a one year low of $6.15 and a one year high of $10.38. The company has a market cap of $4.01 billion, a P/E ratio of -16.68 and a beta of 0.87.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ALIT shares. Wedbush dropped their price objective on Alight from $12.00 to $10.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. 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. JPMorgan Chase & Co. downgraded shares of Alight from an “overweight” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Tuesday, August 20th. Finally, Citigroup lowered their price objective on shares of Alight from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Alight currently has an average rating of “Moderate Buy” and a consensus 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.