Analysts Expect SmileDirectClub, Inc. (NASDAQ:SDC) Will Post Quarterly Sales of $150.13 Million

Equities analysts expect SmileDirectClub, Inc. (NASDAQ:SDCGet Rating) to report sales of $150.13 million for the current quarter, Zacks reports. Five analysts have made estimates for SmileDirectClub’s earnings, with estimates ranging from $138.70 million to $155.70 million. SmileDirectClub posted sales of $174.18 million during the same quarter last year, which suggests a negative year-over-year growth rate of 13.8%. The firm is scheduled to issue its next quarterly earnings results 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 forecast that the company 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 sell-side analysts that that provide coverage for SmileDirectClub.

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

Several brokerages have recently issued reports on SDC. Morgan Stanley lowered their price target on shares of SmileDirectClub from $2.30 to $2.20 and set an “equal weight” rating for the company in a report on Wednesday, March 2nd. Stephens reduced their price objective on shares of SmileDirectClub from $5.00 to $3.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 2nd. Finally, Loop Capital cut shares of SmileDirectClub from a “hold” rating to a “sell” rating and set a $2.00 price objective on the stock. in a research note on Wednesday, March 30th. Seven research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.63.

Several hedge funds have recently added to or reduced their stakes in SDC. Prentice Capital Management LP bought a new position in shares of SmileDirectClub during the 1st quarter worth about $17,935,000. State Street Corp raised its holdings in shares of SmileDirectClub by 59.9% in the 4th quarter. State Street Corp now owns 3,883,916 shares of the company’s stock worth $9,127,000 after acquiring an additional 1,454,812 shares during the last quarter. Morgan Stanley raised its holdings in shares of SmileDirectClub by 10.0% in the 2nd quarter. Morgan Stanley now owns 3,922,778 shares of the company’s stock worth $34,049,000 after acquiring an additional 355,858 shares during the last quarter. Tudor Investment Corp Et Al acquired a new stake in shares of SmileDirectClub in the 3rd quarter worth about $1,147,000. Finally, Squarepoint Ops LLC raised its holdings in shares of SmileDirectClub by 110.8% in the 3rd quarter. Squarepoint Ops LLC now owns 346,941 shares of the company’s stock worth $1,846,000 after acquiring an additional 182,388 shares during the last quarter. 11.84% of the stock is currently owned by institutional investors.

Shares of NASDAQ:SDC opened at $1.34 on Monday. The company has a fifty day moving average of $1.89 and a 200-day moving average of $2.28. The company has a market capitalization of $521.72 million, a PE ratio of -1.65 and a beta of 2.24. SmileDirectClub has a 52-week low of $1.19 and a 52-week high of $11.02.

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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