Analysts Anticipate National Vision Holdings Inc (NASDAQ:EYE) Will Announce Earnings of $0.21 Per Share

Equities research analysts predict that National Vision Holdings Inc (NASDAQ:EYE) will announce $0.21 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for National Vision’s earnings, with estimates ranging from $0.19 to $0.23. National Vision also posted earnings of $0.21 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Tuesday, August 13th.

On average, analysts expect that National Vision will report full year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.69. For the next financial year, analysts expect that the business will post earnings of $0.79 per share, with EPS estimates ranging from $0.74 to $0.83. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover National Vision.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. National Vision had a net margin of 1.12% and a return on equity of 6.29%. The company had revenue of $461.22 million during the quarter, compared to analysts’ expectations of $455.42 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue was up 13.0% on a year-over-year basis.

A number of brokerages have recently issued reports on EYE. Loop Capital began coverage on shares of National Vision in a research note on Thursday, June 13th. They issued a “hold” rating and a $26.00 price objective for the company. Zacks Investment Research upgraded shares of National Vision from a “sell” rating to a “hold” rating and set a $31.00 price objective for the company in a research note on Wednesday, May 29th. Berenberg Bank started coverage on shares of National Vision in a research report on Wednesday, May 29th. They set a “buy” rating and a $38.00 target price for the company. Finally, Guggenheim reiterated a “buy” rating and set a $40.00 target price on shares of National Vision in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.50.

Shares of EYE stock opened at $30.85 on Friday. National Vision has a 52-week low of $25.60 and a 52-week high of $46.63. The firm has a market cap of $2.50 billion, a PE ratio of 68.56, a price-to-earnings-growth ratio of 3.29 and a beta of 1.36. The company has a current ratio of 0.91, a quick ratio of 0.53 and a debt-to-equity ratio of 1.17. The firm has a fifty day simple moving average of $28.26.

In other National Vision news, CEO L Reade Fahs sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $30.13, for a total value of $1,054,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeff Busbee sold 50,744 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $28.60, for a total transaction of $1,451,278.40. The disclosure for this sale can be found here. Insiders have sold a total of 163,657 shares of company stock valued at $4,627,061 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC acquired a new stake in National Vision in the 4th quarter valued at about $67,000. Oppenheimer Asset Management Inc. acquired a new stake in National Vision in the 1st quarter valued at about $93,000. Hershey Trust Co. acquired a new stake in National Vision in the 1st quarter valued at about $158,000. NumerixS Investment Technologies Inc acquired a new stake in National Vision in the 4th quarter valued at about $171,000. Finally, Great West Life Assurance Co. Can increased its position in National Vision by 229.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,306 shares of the company’s stock valued at $199,000 after acquiring an additional 5,085 shares in the last quarter.

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, 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 and Estimates for National Vision (NASDAQ:EYE)

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