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

SelectQuote (NYSE:SLQT) posted its quarterly earnings results on Monday. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08), RTT News reports. SelectQuote had a negative return on equity of 10.37% and a negative net margin of 2.58%. The company had revenue of $292.26 million during the quarter, compared to the consensus estimate of $275.15 million. During the same quarter in the prior year, the business earned ($0.19) earnings per share. SelectQuote updated its FY 2025 guidance to EPS.

SelectQuote Price Performance

NYSE SLQT traded up $0.10 on Tuesday, hitting $2.13. 1,354,620 shares of the company’s stock were exchanged, compared to its average volume of 1,022,326. The stock has a 50-day moving average of $2.47 and a 200-day moving average of $2.82. The company has a current ratio of 6.84, a quick ratio of 6.84 and a debt-to-equity ratio of 2.01. SelectQuote has a 52 week low of $1.03 and a 52 week high of $4.46. The stock has a market cap of $365.21 million, a price-to-earnings ratio of -10.05 and a beta of 1.06.

Analysts Set New Price Targets

Several research analysts have weighed in on SLQT shares. Craig Hallum started coverage on SelectQuote in a report on Monday, September 30th. They set a “buy” rating and a $4.50 target price on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $4.00 price objective on shares of SelectQuote in a report on Tuesday, October 29th.

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.