Noble Financial Predicts Weaker Earnings for SelectQuote

SelectQuote, Inc. (NYSE:SLQT) – Research analysts at Noble Financial cut their FY2027 earnings per share estimates for shares of SelectQuote in a research report issued to clients and investors on Wednesday, August 26th. Noble Financial analyst M. Kupinski now expects that the company will post earnings of ($0.20) per share for the year, down from their previous forecast of ($0.11). Noble Financial has a “Strong-Buy” rating on the stock. The consensus estimate for SelectQuote’s current full-year earnings is ($0.11) per share.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Tuesday, August 25th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.03). The company had revenue of $321.65 million for the quarter, compared to analyst estimates of $353.44 million. SelectQuote had a return on equity of 19.70% and a net margin of 3.84%.

Other equities analysts also recently issued reports about the stock. Zacks Research downgraded shares of SelectQuote from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings cut shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SelectQuote currently has a consensus rating of “Hold” and an average target price of $3.00.

SelectQuote Stock Down 1.8%

Shares of NYSE:SLQT opened at $0.54 on Friday. The company’s fifty day moving average is $0.75 and its 200-day moving average is $0.82. The company has a debt-to-equity ratio of 0.99, a quick ratio of 5.63 and a current ratio of 6.57. SelectQuote has a 52 week low of $0.48 and a 52 week high of $2.43. The company has a market capitalization of $95.35 million, a PE ratio of -6.75 and a beta of 1.66.

Hedge Funds Weigh In On SelectQuote

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of SelectQuote by 37.8% during the first quarter. AQR Capital Management LLC now owns 53,081 shares of the company’s stock worth $177,000 after purchasing an additional 14,551 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of SelectQuote by 6.4% in 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 in the last quarter. Caxton Associates LLP acquired a new stake in shares of SelectQuote in the first quarter valued at approximately $172,000. Acadian Asset Management LLC bought a new position in SelectQuote in the 1st quarter worth approximately $514,000. Finally, Creative Planning raised its position in SelectQuote by 8.5% in the 2nd quarter. Creative Planning now owns 121,597 shares of the company’s stock worth $289,000 after purchasing an additional 9,504 shares during the last quarter. 34.59% of the stock is owned by institutional investors.

SelectQuote Company Profile

SelectQuote, Inc (NYSE: SLQT) is a U.S.-based insurance brokerage and lead generation company that connects consumers with a range of insurance products through proprietary technology and licensed agents. The company specializes in life insurance, supplemental health coverage and Medicare plans, leveraging its digital platform and call center operations to help individuals compare policies and find cost-effective solutions tailored to their needs.

Through a single point of contact, policy seekers can evaluate offerings from multiple carriers, including term life, whole life, accidental death, critical illness and long-term care products.