SelectQuote (NYSE:SLQT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

SelectQuote (NYSE:SLQT) issued its quarterly earnings results on Thursday. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01, Zacks reports. The company had revenue of $328.81 million for the quarter, compared to analyst estimates of $323.68 million. SelectQuote had a return on equity of 12.71% and a net margin of 3.95%. SelectQuote updated its FY 2026 guidance to EPS.

SelectQuote Price Performance

Shares of NYSE SLQT traded up $0.06 during trading on Friday, hitting $1.74. The company had a trading volume of 1,932,410 shares, compared to its average volume of 1,134,706. SelectQuote has a 52 week low of $1.62 and a 52 week high of $6.86. The business’s 50-day moving average is $2.02 and its 200 day moving average is $2.21. The company has a market cap of $305.15 million, a P/E ratio of 34.70 and a beta of 1.26. The company has a debt-to-equity ratio of 5.14, a quick ratio of 5.68 and a current ratio of 5.42.

Hedge Funds Weigh In On SelectQuote

A number of hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SelectQuote by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 81,854 shares of the company’s stock valued at $273,000 after purchasing an additional 4,947 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in SelectQuote by 90.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,133 shares of the company’s stock worth $38,000 after buying an additional 7,675 shares during the period. Ameriprise Financial Inc. lifted its stake in SelectQuote by 9.5% during the second quarter. Ameriprise Financial Inc. now owns 91,765 shares of the company’s stock valued at $218,000 after buying an additional 7,960 shares in the last quarter. Creative Planning lifted its stake in SelectQuote by 8.5% during the second quarter. Creative Planning now owns 121,597 shares of the company’s stock valued at $289,000 after buying an additional 9,504 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of SelectQuote by 37.8% in the first 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. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on SLQT. Royal Bank Of Canada lowered their target price on shares of SelectQuote from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 5th. Zacks Research upgraded shares of SelectQuote from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of SelectQuote in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $4.38.

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.