SelectQuote (NYSE:SLQT) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

SelectQuote (NYSE:SLQT) posted its quarterly earnings results on Tuesday. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.03), Zacks reports. SelectQuote had a net margin of 5.60% and a return on equity of 20.49%.

SelectQuote Stock Down 4.6%

Shares of NYSE SLQT opened at $0.79 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 5.63 and a current ratio of 5.63. The stock has a market cap of $139.32 million, a PE ratio of 8.78 and a beta of 1.66. SelectQuote has a 52-week low of $0.56 and a 52-week high of $2.75. The business has a fifty day moving average of $0.78 and a two-hundred day moving average of $0.83.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Noble Financial upgraded shares of SelectQuote to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of SelectQuote from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, Weiss Ratings downgraded SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, SelectQuote presently has an average rating of “Hold” and an average target price of $3.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SLQT. Invesco Ltd. grew its holdings in shares of SelectQuote by 12.0% during the fourth quarter. Invesco Ltd. now owns 265,687 shares of the company’s stock worth $375,000 after buying an additional 28,441 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SelectQuote during the fourth quarter worth $628,000. XTX Topco Ltd acquired a new position in SelectQuote in the fourth quarter valued at $44,000. Millennium Management LLC boosted its position in shares of SelectQuote by 530.1% during the 4th quarter. Millennium Management LLC now owns 1,637,460 shares of the company’s stock worth $2,309,000 after purchasing an additional 1,377,577 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of SelectQuote in the fourth quarter worth approximately $1,186,000. Institutional investors own 34.59% of the company’s stock.

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.