National Vision Holdings, Inc. (NASDAQ:EYE) Expected to Announce Earnings of $0.17 Per Share
Wall Street brokerages expect that National Vision Holdings, Inc. (NASDAQ:EYE – Get Rating) will report earnings per share of $0.17 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for National Vision’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.05. National Vision posted earnings per share of $0.48 in the same quarter last year, which would indicate a negative year-over-year growth rate of 64.6%. The company is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that National Vision will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.70 to $1.06. For the next financial year, analysts anticipate that the business will report earnings of $1.09 per share, with EPS estimates ranging from $0.85 to $1.27. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover National Vision.
National Vision (NASDAQ:EYE – Get Rating) last released its earnings results on Tuesday, May 10th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $527.70 million for the quarter, compared to analyst estimates of $538.38 million. National Vision had a net margin of 5.55% and a return on equity of 10.96%. National Vision’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share.
Several research firms recently issued reports on EYE. TheStreet lowered shares of National Vision from a “b-” rating to a “c+” rating in a report on Wednesday, March 30th. Morgan Stanley dropped their price objective on shares of National Vision from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, March 1st. Barclays upped their price objective on shares of National Vision from $43.00 to $52.00 in a report on Friday, April 1st. Citigroup dropped their price objective on shares of National Vision from $58.00 to $55.00 in a report on Tuesday, March 1st. Finally, The Goldman Sachs Group dropped their price objective on shares of National Vision from $48.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, National Vision currently has an average rating of “Hold” and an average price target of $56.60.
In other news, SVP Jared Brandman acquired 5,000 shares of National Vision stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $23.25 per share, with a total value of $116,250.00. Following the transaction, the senior vice president now owns 18,697 shares of the company’s stock, valued at approximately $434,705.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Virginia A. Hepner acquired 1,000 shares of National Vision stock in a transaction on Friday, May 13th. The stock was purchased at an average cost of $25.71 per share, with a total value of $25,710.00. Following the completion of the transaction, the director now directly owns 12,588 shares in the company, valued at approximately $323,637.48. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of National Vision during the 1st quarter valued at approximately $203,000. Mirabella Financial Services LLP bought a new position in shares of National Vision during the 1st quarter valued at approximately $1,977,000. Jane Street Group LLC grew its position in shares of National Vision by 198.2% during the 1st quarter. Jane Street Group LLC now owns 15,834 shares of the company’s stock valued at $690,000 after acquiring an additional 10,525 shares during the period. Penn Capital Management Company LLC grew its position in shares of National Vision by 42.7% during the 1st quarter. Penn Capital Management Company LLC now owns 181,451 shares of the company’s stock valued at $6,875,000 after acquiring an additional 54,303 shares during the period. Finally, Royal Bank of Canada grew its position in shares of National Vision by 1.2% during the 1st quarter. Royal Bank of Canada now owns 736,927 shares of the company’s stock valued at $32,108,000 after acquiring an additional 8,618 shares during the period.
EYE stock opened at $27.78 on Thursday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 1.38 and a beta of 1.78. The company has a quick ratio of 1.17, a current ratio of 1.54 and a debt-to-equity ratio of 0.59. National Vision has a 12-month low of $22.59 and a 12-month high of $65.92. The company’s fifty day simple moving average is $39.56 and its 200 day simple moving average is $43.11.
About National Vision (Get Rating)
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America's Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.
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