SelectQuote (NYSE:SLQT) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

SelectQuote (NYSE:SLQT - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01), Zacks reports. SelectQuote had a negative return on equity of 4.38% and a negative net margin of 0.95%. The company had revenue of $408.16 million for the quarter, compared to the consensus estimate of $412.83 million. SelectQuote updated its FY 2025 guidance to EPS.

SelectQuote Trading Down 1.1%

Shares of SLQT stock traded down $0.03 during trading hours on Friday, reaching $2.30. 1,056,538 shares of the stock traded hands, compared to its average volume of 1,414,904. SelectQuote has a 1-year low of $1.62 and a 1-year high of $6.86. The business has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.49. The company has a quick ratio of 6.36, a current ratio of 6.36 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $395.07 million, a PE ratio of -25.50 and a beta of 1.26.

Insider Activity

In related news, insider Sarah Taylor Anderson sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $5.44, for a total transaction of $272,000.00. Following the transaction, the insider now directly owns 1,166 shares of the company's stock, valued at approximately $6,343.04. The trade was a 97.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.40% of the stock is owned by company insiders.

Institutional Trading of SelectQuote

Several large investors have recently added to or reduced their stakes in SLQT. Caxton Associates LLP bought a new stake in SelectQuote in the first quarter worth approximately $172,000. AQR Capital Management LLC boosted its holdings in shares of SelectQuote by 37.8% during the 1st quarter. AQR Capital Management LLC now owns 53,081 shares of the company's stock worth $177,000 after buying an additional 14,551 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of SelectQuote by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company's stock worth $273,000 after buying an additional 4,947 shares during the period. 34.59% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Noble Financial upgraded shares of SelectQuote to a "strong-buy" rating in a report on Wednesday, February 12th.

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.