SelectQuote (NYSE:SLQT) Announces Earnings Results

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

SelectQuote Stock Up 7.6 %

NYSE:SLQT traded up $0.16 during mid-day trading on Tuesday, hitting $2.19. 1,831,508 shares of the company's stock traded hands, compared to its average volume of 1,024,901. The company has a fifty day moving average of $2.43 and a 200 day moving average of $2.82. SelectQuote has a twelve month low of $1.03 and a twelve month high of $4.46. The company has a market capitalization of $374.64 million, a P/E ratio of -10.40 and a beta of 1.06. The company has a debt-to-equity ratio of 2.01, a quick ratio of 6.84 and a current ratio of 6.84.

Analysts Set New Price Targets

Several brokerages have commented on SLQT. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $4.00 price objective on shares of SelectQuote in a research report on Tuesday, October 29th. Craig Hallum began coverage on SelectQuote in a research report on Monday, September 30th. They issued a "buy" rating and a $4.50 price objective on the stock.

SelectQuote Company Profile

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.