Equities analysts expect that National Vision Holdings Inc (NASDAQ:EYE) will report earnings per share of $0.12 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for National Vision’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. National Vision posted earnings of $0.10 per share during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The business is expected to announce its next quarterly earnings results on Thursday, December 6th.
According to Zacks, analysts expect that National Vision will report full year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.73. For the next year, analysts forecast that the business will post earnings of $0.83 per share, with EPS estimates ranging from $0.75 to $0.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow National Vision.
National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $385.53 million during the quarter, compared to the consensus estimate of $371.40 million. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut National Vision from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. William Blair assumed coverage on National Vision in a research note on Wednesday, October 3rd. They issued an “outperform” rating on the stock. Barclays assumed coverage on National Vision in a research note on Tuesday, October 2nd. They issued an “equal weight” rating and a $50.00 price target on the stock. ValuEngine upgraded National Vision from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group set a $45.00 price target on National Vision and gave the company a “buy” rating in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.00.
NASDAQ EYE opened at $42.22 on Friday. The company has a market capitalization of $3.41 billion and a PE ratio of 79.66. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.05 and a quick ratio of 0.55. National Vision has a 12 month low of $27.19 and a 12 month high of $46.63.
In other National Vision news, SVP Mitchell Goodman sold 56,848 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $38.26, for a total transaction of $2,175,004.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO L Reade Fahs sold 150,000 shares of the stock in a transaction on Monday, July 30th. The stock was sold at an average price of $38.26, for a total value of $5,739,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 450 shares of company stock worth $19,509 and have sold 16,605,427 shares worth $635,597,211. 2.82% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its position in National Vision by 41.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock worth $239,000 after buying an additional 1,931 shares during the period. Bank of Montreal Can increased its position in National Vision by 1,774.4% during the 3rd quarter. Bank of Montreal Can now owns 4,536 shares of the company’s stock worth $205,000 after buying an additional 4,294 shares during the period. Cubist Systematic Strategies LLC increased its position in National Vision by 69.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock worth $352,000 after buying an additional 4,479 shares during the period. Barclays PLC increased its position in National Vision by 225.9% during the 1st quarter. Barclays PLC now owns 9,490 shares of the company’s stock worth $307,000 after buying an additional 6,578 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in National Vision during the 2nd quarter worth $249,000.
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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