SmileDirectClub, Inc. (NASDAQ:SDC) Expected to Post Earnings of -$0.10 Per Share

Equities analysts predict that SmileDirectClub, Inc. (NASDAQ:SDC) will post earnings of ($0.10) per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for SmileDirectClub’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.12). SmileDirectClub posted earnings per share of ($0.13) during the same quarter last year, which suggests a positive year over year growth rate of 23.1%. The business is scheduled to report its next earnings report after the market closes on Monday, August 9th.

On average, analysts expect that SmileDirectClub will report full year earnings of ($0.40) per share for the current year, with EPS estimates ranging from ($0.47) to ($0.33). For the next year, analysts expect that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.22) to $0.05. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for SmileDirectClub.

SmileDirectClub (NASDAQ:SDC) last announced its quarterly earnings data on Monday, May 10th. The company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.03). The firm had revenue of $199.50 million for the quarter, compared to analyst estimates of $196.18 million. SmileDirectClub had a negative return on equity of 7.39% and a negative net margin of 12.05%. SmileDirectClub’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.28) EPS.

SDC has been the subject of several analyst reports. Exane BNP Paribas initiated coverage on SmileDirectClub in a research report on Thursday, July 8th. They set an “underperform” rating and a $7.00 target price for the company. Loop Capital downgraded SmileDirectClub from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.00 to $9.00 in a research report on Wednesday, June 23rd. Stephens reiterated a “buy” rating and issued a $17.00 price objective on shares of SmileDirectClub in a research report on Friday, July 9th. BNP Paribas started coverage on SmileDirectClub in a research report on Thursday, July 8th. They issued an “underperform” rating and a $7.00 price objective for the company. Finally, Zacks Investment Research downgraded SmileDirectClub from a “hold” rating to a “sell” rating in a research report on Tuesday, May 25th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $10.78.

In other news, Director William H. Frist acquired 13,000 shares of SmileDirectClub stock in a transaction that occurred on Wednesday, May 12th. The shares were acquired at an average price of $7.83 per share, with a total value of $101,790.00. Following the purchase, the director now directly owns 64,241 shares of the company’s stock, valued at $503,007.03. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 66.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SDC. Morgan Stanley increased its position in shares of SmileDirectClub by 285.2% during the fourth quarter. Morgan Stanley now owns 2,289,119 shares of the company’s stock worth $27,332,000 after acquiring an additional 1,694,791 shares in the last quarter. 683 Capital Management LLC raised its stake in shares of SmileDirectClub by 125.3% in the 1st quarter. 683 Capital Management LLC now owns 3,311,377 shares of the company’s stock valued at $34,141,000 after purchasing an additional 1,841,591 shares during the period. JPMorgan Chase & Co. lifted 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 valued at $9,447,000 after purchasing an additional 27,803 shares in the last quarter. Aigen Investment Management LP bought a new position in shares of SmileDirectClub during the first quarter worth about $289,000. Finally, Captrust Financial Advisors raised its position in SmileDirectClub by 23.4% in the 4th quarter. Captrust Financial Advisors now owns 1,697,237 shares of the company’s stock valued at $20,265,000 after buying an additional 321,439 shares during the last quarter. 21.83% of the stock is currently owned by institutional investors.

SmileDirectClub stock opened at $7.45 on Monday. The company has a debt-to-equity ratio of 9.16, a current ratio of 4.09 and a quick ratio of 3.92. The company has a market cap of $2.89 billion, a P/E ratio of -10.64 and a beta of 2.65. SmileDirectClub has a one year low of $6.52 and a one year high of $16.08. The stock’s 50 day moving average is $8.31.

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.

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Earnings History and Estimates for SmileDirectClub (NASDAQ:SDC)

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