SmileDirectClub, Inc. (NASDAQ:SDC) Expected to Announce Quarterly Sales of $149.71 Million

Equities analysts predict that SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) will report $149.71 million in sales for the current fiscal 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 reported sales of $174.18 million during the same quarter last year, which would suggest a negative year over year growth rate of 14%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that SmileDirectClub will report full year sales of $622.22 million for the current fiscal year, with estimates ranging from $608.20 million to $628.59 million. For the next fiscal year, analysts anticipate that the firm will post sales of $722.40 million, with estimates ranging from $692.80 million to $741.75 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow SmileDirectClub.

SmileDirectClub (NASDAQ:SDC – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). SmileDirectClub had a negative return on equity of 45.13% and a negative net margin of 16.30%. The company had revenue of $151.65 million for the quarter, compared to the consensus estimate of $134.20 million. During the same quarter last year, the company posted ($0.12) EPS. The business’s revenue was down 24.0% compared to the same quarter last year.

Several research firms have recently commented on SDC. Morgan Stanley lowered their target price on SmileDirectClub from $2.30 to $2.20 and set an “equal weight” rating for the company in a research note on Wednesday, March 2nd. Stephens reduced 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. Craig Hallum upgraded SmileDirectClub from a “sell” rating to a “hold” rating in a research report on Tuesday, January 25th. Finally, Loop Capital lowered 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. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.63.

In related news, Director Richard F. Wallman sold 100,285 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 66.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SDC. Invesco Ltd. lifted its stake in SmileDirectClub by 35.5% during the second quarter. Invesco Ltd. now owns 50,987 shares of the company’s stock worth $443,000 after purchasing an additional 13,357 shares during the last quarter. Morgan Stanley lifted its stake in SmileDirectClub by 10.0% during the second quarter. Morgan Stanley now owns 3,922,778 shares of the company’s stock worth $34,049,000 after purchasing an additional 355,858 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in SmileDirectClub by 24.9% during the third quarter. Commonwealth Equity Services LLC now owns 12,890 shares of the company’s stock worth $68,000 after purchasing an additional 2,569 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in SmileDirectClub by 25.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 57,117 shares of the company’s stock worth $304,000 after purchasing an additional 11,692 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in SmileDirectClub by 39.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 46,687 shares of the company’s stock worth $248,000 after purchasing an additional 13,135 shares during the last quarter. Hedge funds and other institutional investors own 11.84% of the company’s stock.

Shares of SDC stock opened at $1.44 on Monday. SmileDirectClub has a 12 month low of $1.19 and a 12 month high of $11.02. The stock has a 50 day moving average of $2.21 and a two-hundred day moving average of $2.62. The company has a market capitalization of $560.66 million, a P/E ratio of -1.78 and a beta of 2.22.

About SmileDirectClub (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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