SmileDirectClub (NASDAQ:SDC – Get Rating) will be issuing its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. SmileDirectClub has set its FY 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.
SmileDirectClub (NASDAQ:SDC – Get Rating) last released its quarterly earnings data on Monday, May 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company had revenue of $151.65 million during the quarter, compared to analysts’ expectations of $134.20 million. During the same period in the prior year, the firm earned ($0.12) earnings per share. SmileDirectClub’s quarterly revenue was down 24.0% compared to the same quarter last year . On average, analysts expect SmileDirectClub to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
SmileDirectClub Price Performance
NASDAQ SDC opened at $1.15 on Monday. SmileDirectClub has a 1-year low of $0.98 and a 1-year high of $7.42. The company has a market capitalization of $447.75 million, a P/E ratio of -1.42 and a beta of 2.25. The business has a 50 day moving average price of $1.16 and a 200 day moving average price of $1.82.
Hedge Funds Weigh In On SmileDirectClub
Several institutional investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC increased its stake in SmileDirectClub by 3.9% in the first quarter. Gabelli Funds LLC now owns 267,259 shares of the company’s stock valued at $692,000 after purchasing an additional 10,000 shares during the last quarter. Swiss National Bank grew its position in SmileDirectClub by 7.8% during the first quarter. Swiss National Bank now owns 253,600 shares of the company’s stock valued at $657,000 after acquiring an additional 18,400 shares during the period. Bank of New York Mellon Corp grew its position in SmileDirectClub by 61.1% during the first quarter. Bank of New York Mellon Corp now owns 126,542 shares of the company’s stock valued at $327,000 after acquiring an additional 47,993 shares during the period. Canada Pension Plan Investment Board grew its position in SmileDirectClub by 53.8% during the first quarter. Canada Pension Plan Investment Board now owns 75,672 sh ares of the company’s stock valued at $196,000 after acquiring an additional 26,477 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in SmileDirectClub by 150.0% during the first quarter. Sequoia Financial Advisors LLC now owns 25,000 shares of the company’s stock valued at $65,000 after acquiring an additional 15,000 shares during the period. 11.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
SDC has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on SmileDirectClub from $2.00 to $1.00 in a research note on Friday, June 17th. Morgan Stanley dropped their price target on SmileDirectClub from $2.20 to $2.00 and set an “equal” weight” rating for the company in a research report on Wednesday, June 15th. Four 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. Based on data from MarketBeat , the stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.
About SmileDirectClub
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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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