SelectQuote (NYSE:SLQT) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

SelectQuote (NYSE:SLQT) announced its quarterly earnings data on Monday. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08), RTT News reports. The firm had revenue of $292.26 million for the quarter, compared to analysts’ expectations of $275.15 million. SelectQuote had a negative net margin of 3.45% and a negative return on equity of 15.00%. During the same period in the prior year, the business posted ($0.19) earnings per share. SelectQuote updated its FY 2025 guidance to EPS.

SelectQuote Trading Down 3.4 %

Shares of SelectQuote stock traded down $0.08 on Thursday, hitting $2.26. The stock had a trading volume of 356,002 shares, compared to its average volume of 1,028,461. The stock’s 50-day simple moving average is $2.43 and its two-hundred day simple moving average is $2.82. SelectQuote has a one year low of $1.03 and a one year high of $4.46. The stock has a market cap of $387.51 million, a price-to-earnings ratio of -8.38 and a beta of 1.06. The company has a quick ratio of 6.84, a current ratio of 6.66 and a debt-to-equity ratio of 2.36.

Analysts Set New Price Targets

SLQT has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $4.00 price objective on shares of SelectQuote in a report on Tuesday, October 29th. Craig Hallum initiated coverage on shares of SelectQuote in a research note on Monday, September 30th. They issued a “buy” rating and a $4.50 price target for the company.

About SelectQuote

SelectQuote, Inc operates a technology-enabled, direct-to-consumer distribution platform that sells a range of insurance products and healthcare services in the United States. The company operates through three segments: Senior; Life; and Auto & Home. It distributes senior health policies, such as medicare advantage, medicare supplement, medicare part D, and other ancillary senior health insurance related products, including prescription drugs, dental, vision, and hearing plans; life insurance products, such as term life, final expense, and other ancillary products, including critical illness, accidental death, and juvenile insurance; homeowners, auto, dwelling fire, and other ancillary insurance products; and non-commercial auto and home property, and casualty policies.