National Vision (NASDAQ:EYE) Releases FY 2024 Earnings Guidance

National Vision (NASDAQ:EYE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.450-0.500 for the period, compared to the consensus earnings per share estimate of 0.480. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. National Vision also updated its FY24 guidance to $0.45-$0.50 EPS.

National Vision Trading Down 1.5 %

National Vision stock traded down $0.18 during trading on Friday, hitting $11.45. The company’s stock had a trading volume of 326,036 shares, compared to its average volume of 1,456,583. The stock has a market capitalization of $900.43 million, a price-to-earnings ratio of -11.29, a P/E/G ratio of 2.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. The stock’s fifty day moving average is $10.45 and its 200 day moving average is $12.65. National Vision has a 1-year low of $9.56 and a 1-year high of $24.11.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $451.50 million during the quarter, compared to analyst estimates of $451.13 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 earnings per share. As a group, equities research analysts predict that National Vision will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays reduced their price target on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. UBS Group reduced their target price on National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group reduced their target price on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.25.

About National Vision

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.