SmileDirectClub, Inc. (NASDAQ:SDC) Expected to Announce Earnings of -$0.14 Per Share

Equities research analysts expect SmileDirectClub, Inc. (NASDAQ:SDC) to report earnings per share of ($0.14) for the current quarter, Zacks reports. Four analysts have made estimates for SmileDirectClub’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.16). SmileDirectClub reported earnings of ($0.11) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 27.3%. The business is scheduled to report its next quarterly earnings results on Monday, November 15th.

According to Zacks, analysts expect that SmileDirectClub will report full-year earnings of ($0.58) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.50). For the next year, analysts anticipate that the firm will post earnings of ($0.29) per share, with EPS estimates ranging from ($0.43) to ($0.07). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for SmileDirectClub.

SmileDirectClub (NASDAQ:SDC) last posted its quarterly earnings data on Monday, August 9th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $174.18 million during the quarter, compared to analysts’ expectations of $198.52 million. SmileDirectClub had a negative net margin of 9.53% and a negative return on equity of 12.65%. The business’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.25) earnings per share.

A number of brokerages have recently issued reports on SDC. Stephens lowered shares of SmileDirectClub from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $17.00 to $11.00 in a research note on Tuesday, August 10th. Loop Capital cut their target price on shares of SmileDirectClub from $9.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, August 10th. Craig Hallum lowered shares of SmileDirectClub from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research note on Tuesday, August 10th. Wolfe Research lowered shares of SmileDirectClub from an “outperform” rating to a “peer perform” rating and set a $7.00 price objective on the stock. in a research note on Friday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of SmileDirectClub from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $10.00 to $6.00 in a research note on Tuesday, August 10th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, SmileDirectClub presently has an average rating of “Hold” and an average target price of $7.60.

In related news, major shareholder Cd&R Investment Associates X, sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, August 12th. The shares were 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 Securities & Exchange Commission, which is accessible through the SEC website. 66.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Capital Analysts LLC purchased a new stake in shares of SmileDirectClub in the 1st quarter valued at approximately $26,000. Advisory Services Network LLC purchased a new stake in shares of SmileDirectClub in the 2nd quarter valued at approximately $31,000. Legal & General Group Plc lifted its position in shares of SmileDirectClub by 182.5% in the 2nd quarter. Legal & General Group Plc now owns 6,879 shares of the company’s stock valued at $60,000 after acquiring an additional 4,444 shares in the last quarter. Avalon Investment & Advisory purchased a new stake in SmileDirectClub in the 1st quarter worth approximately $104,000. Finally, Commonwealth Equity Services LLC purchased a new stake in SmileDirectClub in the 2nd quarter worth approximately $89,000. Institutional investors and hedge funds own 20.32% of the company’s stock.

Shares of SmileDirectClub stock traded down $0.09 during trading on Wednesday, reaching $5.67. The company had a trading volume of 554,133 shares, compared to its average volume of 6,974,301. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -9.66 and a beta of 2.60. The firm’s fifty day moving average is $6.13 and its 200-day moving average is $8.39. The company has a debt-to-equity ratio of 21.52, a quick ratio of 3.73 and a current ratio of 3.93. SmileDirectClub has a fifty-two week low of $4.63 and a fifty-two week high of $16.08.

SmileDirectClub Company Profile

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.

Read More: Analyst Ratings Trading

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.