FY2019 EPS Estimates for SmileDirectClub Reduced by Jefferies Financial Group (NASDAQ:SDC)

SmileDirectClub (NASDAQ:SDC) – Jefferies Financial Group reduced their FY2019 earnings per share estimates for shares of SmileDirectClub in a report released on Tuesday, November 12th. Jefferies Financial Group analyst B. Couillard now anticipates that the company will earn ($1.19) per share for the year, down from their previous estimate of ($1.15). Jefferies Financial Group currently has a “Buy” rating and a $22.00 target price on the stock. Jefferies Financial Group also issued estimates for SmileDirectClub’s Q1 2020 earnings at ($0.09) EPS, Q2 2020 earnings at ($0.07) EPS, Q3 2020 earnings at ($0.04) EPS, Q4 2020 earnings at ($0.03) EPS, FY2020 earnings at ($0.23) EPS and FY2021 earnings at ($0.02) EPS.

SmileDirectClub (NASDAQ:SDC) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.89) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.99) by $0.10. The firm had revenue of $180.20 million during the quarter, compared to analysts’ expectations of $165.30 million. The company’s quarterly revenue was up 50.5% compared to the same quarter last year.

Other equities research analysts have also issued reports about the stock. UBS Group decreased their target price on shares of SmileDirectClub from $24.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus initiated coverage on shares of SmileDirectClub in a research report on Monday, October 7th. They set a “buy” rating and a $19.00 target price on the stock. Loop Capital boosted their target price on shares of SmileDirectClub from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup initiated coverage on shares of SmileDirectClub in a research report on Monday, October 7th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Bank of America initiated coverage on shares of SmileDirectClub in a research report on Monday, October 7th. They set a “buy” rating and a $19.00 target price on the stock. Ten research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $21.00.

SDC stock opened at $8.60 on Friday. SmileDirectClub has a twelve month low of $8.52 and a twelve month high of $21.10. The business’s 50 day moving average is $11.57.

Several institutional investors have recently added to or reduced their stakes in SDC. Russell Investments Group Ltd. purchased a new stake in shares of SmileDirectClub in the 3rd quarter worth about $7,488,000. Granite Point Capital Management L.P. purchased a new stake in shares of SmileDirectClub in the 3rd quarter worth about $1,260,000. First Trust Advisors LP purchased a new stake in shares of SmileDirectClub in the 3rd quarter worth about $1,256,000. Segantii Capital Management Ltd purchased a new position in SmileDirectClub in the 3rd quarter valued at about $1,041,000. Finally, TimesSquare Capital Management LLC purchased a new position in SmileDirectClub in the 3rd quarter valued at about $347,000. Institutional investors and hedge funds own 0.24% of the company’s stock.

In other SmileDirectClub news, General Counsel Susan Greenspon Rammelt acquired 4,100 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $18.51 per share, for a total transaction of $75,891.00. Also, major shareholder Cd&R Investment Associates X, sold 2,275,857 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $21.85, for a total transaction of $49,727,475.45. Insiders purchased a total of 43,800 shares of company stock worth $808,019 over the last quarter.

SmileDirectClub Company Profile

SmileDirectClub, Inc operates a teledentistry platform that provides member's with a customized clear aligner therapy treatment in the United States and internationally. 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 proprietary with a network of approximately 240 state licensed orthodontists and general dentists through its teledentistry platform, SmileCheck.

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Earnings History and Estimates for SmileDirectClub (NASDAQ:SDC)

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