National Vision (NASDAQ:EYE) Releases Earnings Results, Beats Estimates By $0.10 EPS

National Vision (NASDAQ:EYE) posted its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10, Briefing.com reports. National Vision had a net margin of 0.92% and a return on equity of 6.30%. The firm had revenue of $431.90 million during the quarter, compared to analyst estimates of $427.83 million. During the same period last year, the firm posted $0.12 earnings per share. National Vision’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Shares of EYE stock traded down $1.96 on Friday, reaching $27.75. The company’s stock had a trading volume of 1,040,100 shares, compared to its average volume of 845,094. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $24.13 and its 200-day simple moving average is $27.86. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 61.67, a price-to-earnings-growth ratio of 2.67 and a beta of 1.43. National Vision has a 1 year low of $22.02 and a 1 year high of $45.38.

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a report on Friday. Bank of America raised shares of National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Co cut their target price on shares of National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Finally, Loop Capital raised shares of National Vision from a “hold” rating to a “buy” rating and raised their target price for the company from $30.00 to $37.00 in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.00.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In related news, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of National Vision stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Vaught sold 48,611 shares of National Vision stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.11, for a total value of $1,463,677.21. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

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, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

Read More: Roth IRA

Earnings History for National Vision (NASDAQ:EYE)

Leave a Reply

Your email address will not be published. Required fields are marked *

*