National Vision (NASDAQ:EYE) released its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.08 by $0.10, Briefing.com reports. The company had revenue of $431.90 million for the quarter, compared to analyst estimates of $427.83 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share.
EYE traded down $1.96 during trading on Friday, reaching $27.75. 1,040,100 shares of the stock were exchanged, compared to its average volume of 845,094. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.94 and a quick ratio of 0.57. National Vision has a 1 year low of $22.02 and a 1 year high of $45.38. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 61.67, a P/E/G ratio of 2.67 and a beta of 1.43. The business’s 50 day moving average price is $24.13 and its two-hundred day moving average price is $27.86.
In related news, SVP John Vaught sold 48,611 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total value of $1,463,677.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
Several research analysts have commented on the company. UBS Group lifted their price target on National Vision from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a research note on Friday. Loop Capital upgraded National Vision from a “hold” rating to a “buy” rating and lifted their price target for the company from $30.00 to $37.00 in a research note on Wednesday, August 7th. Finally, Wells Fargo & Co decreased their price target on National Vision from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. National Vision currently has a consensus rating of “Buy” and a consensus price target of $38.00.
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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