SelectQuote (SLQT) Scheduled to Post Quarterly Earnings on Tuesday


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SelectQuote (NYSE:SLQT) will be announcing its earnings results after the market closes on Tuesday, May 11th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

SelectQuote (NYSE:SLQT) last announced its quarterly earnings results on Sunday, February 7th. The company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.08. The company had revenue of $358.27 million during the quarter, compared to the consensus estimate of $317.10 million. The business’s quarterly revenue was up 103.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.56) EPS. On average, analysts expect SelectQuote to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE SLQT opened at $30.99 on Tuesday. SelectQuote has a fifty-two week low of $15.76 and a fifty-two week high of $33.00. The company has a debt-to-equity ratio of 0.57, a current ratio of 19.76 and a quick ratio of 19.76. The business has a 50-day moving average of $30.02 and a 200-day moving average of $24.77. The stock has a market capitalization of $5.05 billion and a price-to-earnings ratio of -193.69.

Several equities analysts have commented on SLQT shares. Zacks Investment Research downgraded shares of SelectQuote from a “buy” rating to a “hold” rating in a report on Wednesday, April 14th. Evercore ISI boosted their price target on SelectQuote from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, February 9th. The Goldman Sachs Group initiated coverage on SelectQuote in a research note on Wednesday, March 31st. They issued a “buy” rating and a $36.00 price target on the stock. Barclays boosted their price target on SelectQuote from $32.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, February 9th. Finally, Credit Suisse Group upped their target price on SelectQuote from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, February 9th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. SelectQuote has an average rating of “Buy” and an average price target of $32.75.

In other SelectQuote news, insider Raffaele Sadun sold 81,744 shares of the stock in a transaction that occurred on Friday, February 5th. The shares were sold at an average price of $25.06, for a total transaction of $2,048,504.64. Following the completion of the sale, the insider now directly owns 892,017 shares of the company’s stock, valued at approximately $22,353,946.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan Souan sold 5,000 shares of the stock in a transaction that occurred on Tuesday, April 6th. The shares were sold at an average price of $32.00, for a total transaction of $160,000.00. Following the sale, the insider now directly owns 29,000 shares of the company’s stock, valued at $928,000. The disclosure for this sale can be found here. Insiders have sold a total of 1,300,521 shares of company stock worth $35,692,073 in the last 90 days. Company insiders own 10.28% of the company’s stock.

About SelectQuote

Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property. The company pioneered the direct-to-consumer model of providing unbiased comparisons from multiple, highly-rated insurance companies allowing consumers to choose the policy and terms that best meet their unique needs.

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