SmileDirectClub, Inc. (NASDAQ:SDC) Expected to Post Quarterly Sales of $136.68 Million

Analysts forecast that SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) will post $136.68 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for SmileDirectClub’s earnings, with the highest sales estimate coming in at $138.30 million and the lowest estimate coming in at $134.84 million. SmileDirectClub posted sales of $199.46 million during the same quarter last year, which suggests a negative year-over-year growth rate of 31.5%. The company is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that SmileDirectClub will report full year sales of $616.42 million for the current year, with estimates ranging from $607.75 million to $625.20 million. For the next year, analysts expect that the company will report sales of $727.39 million, with estimates ranging from $694.33 million to $743.73 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow SmileDirectClub.

SmileDirectClub (NASDAQ:SDC – Get Rating) last announced its quarterly earnings results on Monday, February 28th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.03. SmileDirectClub had a negative return on equity of 45.13% and a negative net margin of 16.07%. The business had revenue of $126.29 million during the quarter, compared to the consensus estimate of $128.06 million. During the same quarter in the prior year, the company posted ($0.09) earnings per share. SmileDirectClub’s revenue was down 31.6% compared to the same quarter last year.

SDC has been the topic of a number of recent research reports. Loop Capital cut SmileDirectClub from a “hold” rating to a “sell” rating and set a $2.00 price target on the stock. in a research report on Wednesday, March 30th. Credit Suisse Group dropped their price target on SmileDirectClub from $11.00 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, January 7th. Morgan Stanley dropped their price target on SmileDirectClub from $2.30 to $2.20 and set an “equal weight” rating on the stock in a research report on Wednesday, March 2nd. Craig Hallum raised SmileDirectClub from a “sell” rating to a “hold” rating in a research report on Tuesday, January 25th. Finally, Stephens dropped their price target on SmileDirectClub from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 2nd. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.63.

In other SmileDirectClub news, Director Richard F. Wallman sold 100,285 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $2.00, for a total value of $200,570.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 66.00% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new position in shares of SmileDirectClub in the 4th quarter valued at approximately $26,000. Oxinas Partners Wealth Management LLC purchased a new position in shares of SmileDirectClub in the 4th quarter valued at approximately $28,000. Raymond James Trust N.A. purchased a new position in shares of SmileDirectClub in the 4th quarter valued at approximately $29,000. Intelligence Driven Advisers LLC bought a new position in SmileDirectClub during the 4th quarter valued at approximately $31,000. Finally, WMS Partners LLC bought a new position in SmileDirectClub during the 4th quarter valued at approximately $33,000. Institutional investors own 13.97% of the company’s stock.

SDC stock traded up $0.07 during midday trading on Monday, hitting $2.26. The company’s stock had a trading volume of 1,577,265 shares, compared to its average volume of 6,659,431. The stock’s 50-day moving average price is $2.37 and its 200 day moving average price is $3.27. SmileDirectClub has a 1 year low of $1.75 and a 1 year high of $11.75. The stock has a market cap of $877.74 million, a price-to-earnings ratio of -2.60 and a beta of 2.18.

SmileDirectClub Company Profile (Get Rating)

SmileDirectClub, Inc, an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, France, Spain, and Austria.

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