SelectQuote Q3 Earnings Forecast Lowered by Noble Financial

SelectQuote, Inc. (NYSE:SLQT) – Equities research analysts at Noble Financial cut their Q3 2027 EPS estimates for SelectQuote in a note issued to investors on Thursday, November 5th. Noble Financial analyst M. Kupinski now anticipates that the company will post earnings per share of ($0.02) for the quarter, down from their previous estimate of $0.01. The consensus estimate for SelectQuote’s current full-year earnings is ($0.25) per share. Noble Financial also issued estimates for SelectQuote’s Q4 2027 earnings at ($0.13) EPS, FY2027 earnings at ($0.25) EPS and FY2028 earnings at ($0.29) EPS.

A number of other equities analysts also recently weighed in on SLQT. Weiss Ratings downgraded shares of SelectQuote from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Wall Street Zen cut SelectQuote from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Finally, Zacks Research raised SelectQuote from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.00.

SelectQuote Trading Up 2.6%

Shares of NYSE:SLQT opened at $0.46 on Monday. The firm has a fifty day moving average of $0.42 and a two-hundred day moving average of $0.75. The firm has a market capitalization of $82.36 million, a P/E ratio of 44.73 and a beta of 2.01. SelectQuote has a 12-month low of $0.30 and a 12-month high of $1.76. The company has a quick ratio of 7.48, a current ratio of 7.48 and a debt-to-equity ratio of 1.16.

SelectQuote (NYSE:SLQT) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.12. The firm had revenue of $280.01 million for the quarter, compared to analyst estimates of $277.91 million. SelectQuote had a net margin of 4.61% and a return on equity of 22.48%.

Hedge Funds Weigh In On SelectQuote

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of SelectQuote in the second quarter worth about $1,836,000. GSA Capital Partners LLP acquired a new position in shares of SelectQuote during the 2nd quarter valued at about $1,123,000. Renaissance Technologies LLC increased its holdings in shares of SelectQuote by 817.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,021,239 shares of the company’s stock valued at $643,000 after acquiring an additional 909,939 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of SelectQuote during the 2nd quarter valued at about $536,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of SelectQuote in the 2nd quarter valued at approximately $461,000. 34.59% of the stock is currently owned by institutional investors.

Insider Activity at SelectQuote

In other SelectQuote news, President Robert Grant acquired 79,801 shares of SelectQuote stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $0.51 per share, with a total value of $40,698.51. Following the purchase, the president owned 3,386,491 shares in the company, valued at approximately $1,727,110.41. This trade represents a 2.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy Danker acquired 100,668 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average price of $0.50 per share, with a total value of $50,334.00. Following the completion of the acquisition, the chief executive officer directly owned 3,076,073 shares of the company’s stock, valued at $1,538,036.50. This represents a 3.38% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 919,905 shares of company stock worth $446,916 over the last quarter. 11.60% of the stock is currently owned by corporate insiders.

Key Stories Impacting SelectQuote

Here are the key news stories impacting SelectQuote this week:

• Positive Sentiment: Executives and directors bought a combined 919,905 shares for about $447,000 in transactions on November 6 and 9. Purchasers included the CEO, president, COO, and two directors; the largest reported purchase was 409,836 shares by Director Raymond F. Weldon. Broad insider buying may signal confidence, though it does not guarantee improved results. SEC filing SEC filing
• Neutral Sentiment: A report says SelectQuote placed fewer Medicare policies but earned more on each one. Higher per-policy earnings may partly offset weaker policy volume, but the article details provided do not establish the overall effect on revenue or profit. SelectQuote places fewer Medicare policies but earns more on each one

About SelectQuote

SelectQuote, Inc. (NYSE: SLQT) operates a technology-enabled insurance distribution platform that helps consumers compare and purchase insurance products from third-party carriers. The company combines digital tools, proprietary data and licensed agents to connect customers with coverage suited to their needs. SelectQuote’s primary business is its Senior segment, which provides access to Medicare Advantage, Medicare Supplement and prescription drug plans. The company has also historically offered life insurance, as well as auto and home insurance, through its Life and Auto & Home businesses.