SmileDirectClub, Inc. (NASDAQ:SDC) Expected to Post Quarterly Sales of $183.40 Million

Equities analysts expect SmileDirectClub, Inc. (NASDAQ:SDC) to announce sales of $183.40 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for SmileDirectClub’s earnings. The highest sales estimate is $188.00 million and the lowest is $176.30 million. SmileDirectClub reported sales of $156.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.2%. The company is scheduled to issue its next earnings results on Monday, November 15th.

According to Zacks, analysts expect that SmileDirectClub will report full year sales of $759.50 million for the current fiscal year, with estimates ranging from $740.40 million to $770.40 million. For the next fiscal year, analysts anticipate that the company will report sales of $913.33 million, with estimates ranging from $865.30 million to $961.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow SmileDirectClub.

SmileDirectClub (NASDAQ:SDC) last issued its earnings results on Monday, August 9th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). SmileDirectClub had a negative net margin of 9.53% and a negative return on equity of 12.65%. The company had revenue of $174.18 million for the quarter, compared to analysts’ expectations of $198.52 million. During the same quarter in the prior year, the company earned ($0.25) earnings per share. The company’s revenue was up 62.7% compared to the same quarter last year.

A number of research analysts recently weighed in on the company. Craig Hallum lowered SmileDirectClub from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Tuesday, August 10th. JPMorgan Chase & Co. lowered SmileDirectClub from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $10.00 to $6.00 in a report on Tuesday, August 10th. Wolfe Research lowered SmileDirectClub from an “outperform” rating to a “peer perform” rating and set a $7.00 target price for the company. in a report on Friday, August 13th. The Goldman Sachs Group cut their price objective on SmileDirectClub from $7.00 to $4.00 and set a “sell” rating for the company in a report on Tuesday, August 10th. Finally, William Blair lowered SmileDirectClub from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 10th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.60.

In other news, major shareholder Cd&R Investment Associates X, sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 12th. The stock was sold at an average price of $5.30, for a total value of $2,650,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 66.00% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. 683 Capital Management LLC increased its holdings in shares of SmileDirectClub by 125.3% in the first quarter. 683 Capital Management LLC now owns 3,311,377 shares of the company’s stock worth $34,141,000 after purchasing an additional 1,841,591 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SmileDirectClub by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 916,341 shares of the company’s stock worth $9,447,000 after purchasing an additional 27,803 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of SmileDirectClub in the first quarter worth about $289,000. Algert Global LLC increased its holdings in shares of SmileDirectClub by 50.4% in the first quarter. Algert Global LLC now owns 27,860 shares of the company’s stock worth $287,000 after purchasing an additional 9,330 shares during the last quarter. Finally, First Mercantile Trust Co. increased its holdings in shares of SmileDirectClub by 64.9% in the first quarter. First Mercantile Trust Co. now owns 14,913 shares of the company’s stock worth $154,000 after purchasing an additional 5,870 shares during the last quarter. 20.32% of the stock is currently owned by hedge funds and other institutional investors.

SDC stock traded up $0.24 on Friday, reaching $6.94. 1,654,505 shares of the company traded hands, compared to its average volume of 7,909,544. SmileDirectClub has a one year low of $4.63 and a one year high of $16.08. The company has a debt-to-equity ratio of 21.52, a current ratio of 3.93 and a quick ratio of 3.73. The company has a market cap of $2.69 billion, a P/E ratio of -12.05 and a beta of 2.60. The firm has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $8.28.

About SmileDirectClub

SmileDirectClub, Inc operates as an oral care company. It 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 state 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, Spain, and Austria.

Recommended Story: What is a resistance level?

Get a free copy of the Zacks research report on SmileDirectClub (SDC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for SmileDirectClub (NASDAQ:SDC)

Receive News & Ratings for SmileDirectClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SmileDirectClub and related companies with MarketBeat.com's FREE daily email newsletter.