Brokerages predict that National Vision Holdings Inc (NASDAQ:EYE) will report $0.19 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for National Vision’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.17. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, August 14th.
On average, analysts expect that National Vision will report full-year earnings of $0.72 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.73. For the next year, analysts forecast that the company will post earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.89. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow National Vision.
National Vision (NASDAQ:EYE) last issued its quarterly earnings data on Tuesday, May 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $408.00 million for the quarter, compared to analysts’ expectations of $405.97 million. The company’s quarterly revenue was up 10.3% on a year-over-year basis.
EYE has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of National Vision from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, August 1st. Jefferies Financial Group set a $45.00 target price on shares of National Vision and gave the stock a “buy” rating in a research note on Monday, July 30th. Wells Fargo & Co lifted their target price on shares of National Vision from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, July 30th. ValuEngine upgraded shares of National Vision from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $46.00 target price on shares of National Vision in a research note on Tuesday, May 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. National Vision presently has a consensus rating of “Buy” and an average price target of $39.25.
In other National Vision news, SVP Chris Beasley sold 6,219 shares of National Vision stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $38.97, for a total transaction of $242,354.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO L Reade Fahs sold 10,000 shares of National Vision stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $38.05, for a total transaction of $380,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,575,169 shares of company stock valued at $634,191,181. Company insiders own 2.82% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EYE. Bank of New York Mellon Corp acquired a new position in shares of National Vision in the 4th quarter valued at $2,476,000. BlackRock Inc. acquired a new position in shares of National Vision in the 4th quarter valued at $42,439,000. Geode Capital Management LLC acquired a new position in shares of National Vision in the 4th quarter valued at $7,637,000. Alliancebernstein L.P. acquired a new position in shares of National Vision in the 4th quarter valued at $866,000. Finally, Deutsche Bank AG acquired a new position in shares of National Vision in the 4th quarter valued at $1,657,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.
Shares of National Vision stock traded up $0.11 on Friday, reaching $44.90. The stock had a trading volume of 433,978 shares, compared to its average volume of 1,103,697. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.79. National Vision has a 1 year low of $27.19 and a 1 year high of $45.17. The company has a market cap of $3.37 billion and a P/E ratio of 84.72.
About National Vision
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.
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