National Vision (EYE) Issues Quarterly Earnings Results

National Vision (NASDAQ:EYE) posted its earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04, MarketWatch Earnings reports. The company had revenue of $385.53 million for the quarter, compared to analyst estimates of $371.40 million. National Vision’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share.

Shares of EYE opened at $40.08 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.99 and a quick ratio of 0.56. National Vision has a 52-week low of $27.19 and a 52-week high of $46.00. The company has a market capitalization of $3.38 billion and a P/E ratio of 75.62.

EYE has been the subject of several analyst reports. Jefferies Financial Group set a $45.00 target price on National Vision and gave the stock a “buy” rating in a research report on Monday, July 30th. Guggenheim restated a “buy” rating and set a $46.00 target price on shares of National Vision in a research report on Tuesday, May 15th. Wells Fargo & Co set a $40.00 target price on National Vision and gave the stock a “buy” rating in a research report on Tuesday, May 15th. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research upgraded National Vision from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. National Vision has a consensus rating of “Buy” and an average price target of $41.89.

In related news, CEO L Reade Fahs sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $38.05, for a total value of $380,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Chris Beasley sold 6,219 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $38.97, for a total value of $242,354.43. The disclosure for this sale can be found here. Insiders sold a total of 16,575,169 shares of company stock valued at $634,191,181 over the last quarter. 2.82% of the stock is owned by insiders.

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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