$149.71 Million in Sales Expected for SmileDirectClub, Inc. (NASDAQ:SDC) This Quarter

Wall Street brokerages forecast that SmileDirectClub, Inc. (NASDAQ:SDCGet Rating) will post sales of $149.71 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for SmileDirectClub’s earnings. The highest sales estimate is $155.70 million and the lowest is $138.70 million. SmileDirectClub posted sales of $174.18 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 14%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that SmileDirectClub will report full year sales of $622.22 million for the current financial year, with estimates ranging from $608.20 million to $628.59 million. For the next fiscal year, analysts anticipate that the company will post sales of $722.40 million, with estimates ranging from $692.80 million to $741.75 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover SmileDirectClub.

SmileDirectClub (NASDAQ:SDCGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company had revenue of $151.65 million during the quarter, compared to analysts’ expectations of $134.20 million. SmileDirectClub had a negative net margin of 16.30% and a negative return on equity of 45.13%. The business’s revenue for the quarter was down 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share.

A number of brokerages have recently issued reports on SDC. Stephens lowered their target price on shares of SmileDirectClub from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 2nd. Loop Capital cut shares of SmileDirectClub from a “hold” rating to a “sell” rating and set a $2.00 target price on the stock. in a report on Wednesday, March 30th. Morgan Stanley cut their target price on shares of SmileDirectClub from $2.30 to $2.20 and set an “equal weight” rating on the stock in a report on Wednesday, March 2nd. Finally, Craig Hallum raised shares of SmileDirectClub from a “sell” rating to a “hold” rating in a report on Tuesday, January 25th. Seven equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, SmileDirectClub presently has a consensus rating of “Hold” and a consensus target price of $4.63.

Shares of SmileDirectClub stock opened at $1.44 on Monday. The firm has a market capitalization of $560.66 million, a P/E ratio of -1.78 and a beta of 2.22. SmileDirectClub has a 52 week low of $1.19 and a 52 week high of $11.02. The firm’s 50 day moving average is $2.21 and its two-hundred day moving average is $2.62.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in SmileDirectClub by 35.5% in the 2nd quarter. Invesco Ltd. now owns 50,987 shares of the company’s stock worth $443,000 after acquiring an additional 13,357 shares during the period. Morgan Stanley boosted its stake in shares of SmileDirectClub by 10.0% during the 2nd quarter. Morgan Stanley now owns 3,922,778 shares of the company’s stock valued at $34,049,000 after buying an additional 355,858 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of SmileDirectClub by 24.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,890 shares of the company’s stock valued at $68,000 after buying an additional 2,569 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of SmileDirectClub by 25.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 57,117 shares of the company’s stock valued at $304,000 after buying an additional 11,692 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of SmileDirectClub by 39.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,687 shares of the company’s stock valued at $248,000 after buying an additional 13,135 shares during the last quarter. 11.84% of the stock is owned by hedge funds and other institutional investors.

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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