SelectQuote, Inc. (NYSE:SLQT – Free Report) – Noble Financial reduced their Q2 2027 EPS estimates for SelectQuote in a note issued to investors on Thursday, November 5th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.12. The consensus estimate for SelectQuote’s current full-year earnings is ($0.20) per share.
SelectQuote (NYSE:SLQT – Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.12. SelectQuote had a return on equity of 22.48% and a net margin of 4.61%. The business had revenue of $280.01 million for the quarter, compared to the consensus estimate of $277.91 million.
A number of other equities research analysts have also recently commented on SLQT. Zacks Research upgraded SelectQuote from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. Wall Street Zen lowered SelectQuote from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings downgraded shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SelectQuote has a consensus rating of “Hold” and an average price target of $3.00.
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SelectQuote Stock Down 20.0%
Shares of SLQT stock opened at $0.39 on Friday. SelectQuote has a 1-year low of $0.30 and a 1-year high of $1.90. The stock’s fifty day moving average price is $0.42 and its 200 day moving average price is $0.76. The company has a debt-to-equity ratio of 1.16, a current ratio of 7.48 and a quick ratio of 6.57. The company has a market cap of $70.45 million, a price-to-earnings ratio of -13.10 and a beta of 2.01.
Institutional Investors Weigh In On SelectQuote
Several institutional investors and hedge funds have recently made changes to their positions in SLQT. BlackRock Inc. purchased a new stake in shares of SelectQuote during the second quarter valued at $1,836,000. GSA Capital Partners LLP acquired a new position in shares of SelectQuote in the 2nd quarter valued at $1,123,000. Renaissance Technologies LLC raised its stake in SelectQuote by 817.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock worth $643,000 after acquiring an additional 909,939 shares during the last quarter. Squarepoint Ops LLC purchased a new position in SelectQuote in the 2nd quarter worth $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in SelectQuote in the 2nd quarter worth $461,000. 34.59% of the stock is currently owned by institutional investors and hedge funds.
SelectQuote Company Profile
SelectQuote, Inc (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs.
SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.
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