National Vision (NASDAQ:EYE) Announces Earnings Results

National Vision (NASDAQ:EYE) released its earnings results on Thursday. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $431.90 million for the quarter, compared to analyst estimates of $427.83 million. During the same period last year, the company posted $0.12 EPS. The business’s revenue was up 11.5% on a year-over-year basis.

Shares of NASDAQ EYE traded down $1.96 during midday trading on Friday, reaching $27.75. 1,040,100 shares of the stock were exchanged, compared to its average volume of 845,094. The stock has a market capitalization of $1.97 billion, a P/E ratio of 61.67, a PEG ratio of 2.67 and a beta of 1.43. The company has a 50 day simple moving average of $24.13 and a 200 day simple moving average of $27.86. National Vision has a twelve month low of $22.02 and a twelve month high of $45.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.94.

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

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

National Vision Company Profile

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.

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Earnings History for National Vision (NASDAQ:EYE)

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