SmileDirectClub (NASDAQ:SDC) Updates Q2 2021 Earnings Guidance

SmileDirectClub (NASDAQ:SDC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $195 million-200 million, compared to the consensus revenue estimate of $203.77 million.

Several research firms have commented on SDC. Zacks Investment Research downgraded shares of SmileDirectClub from a hold rating to a sell rating in a report on Tuesday, May 25th. The Goldman Sachs Group reiterated a sell rating and issued a $8.00 price objective on shares of SmileDirectClub in a report on Friday, March 5th. JPMorgan Chase & Co. reiterated a neutral rating and issued a $10.00 price objective (down from $14.00) on shares of SmileDirectClub in a report on Monday, May 17th. Stephens decreased their price objective on shares of SmileDirectClub from $19.00 to $17.00 and set an overweight rating on the stock in a report on Tuesday, May 11th. Finally, Stifel Nicolaus reissued a buy rating and issued a $13.00 target price on shares of SmileDirectClub in a research report on Friday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $11.79.

SDC traded down $0.10 on Thursday, hitting $9.84. 254,207 shares of the stock were exchanged, compared to its average volume of 6,325,327. SmileDirectClub has a 12 month low of $7.01 and a 12 month high of $16.08. The company has a 50-day moving average of $9.26. The company has a quick ratio of 3.92, a current ratio of 4.09 and a debt-to-equity ratio of 9.16. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -13.96 and a beta of 2.60.

SmileDirectClub (NASDAQ:SDC) last posted 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). SmileDirectClub had a negative return on equity of 7.39% and a negative net margin of 12.05%. The firm had revenue of $199.50 million for the quarter, compared to the consensus estimate of $196.18 million. During the same period in the prior year, the company earned ($0.28) EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts expect that SmileDirectClub will post -0.32 earnings per share for the current year.

In related news, Director William H. Frist bought 13,000 shares of the company’s stock in a transaction dated Wednesday, May 12th. The stock was purchased at an average price of $7.83 per share, with a total value of $101,790.00. Following the completion of the acquisition, the director now owns 64,241 shares of the company’s stock, valued at $503,007.03. The purchase was disclosed in a document filed with the SEC, which is available through this link. 66.00% of the stock is currently owned by corporate insiders.

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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