National Vision (NASDAQ:EYE) Issues Quarterly Earnings Results

National Vision (NASDAQ:EYE) announced its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06, RTT News reports. National Vision had a negative net margin of 0.81% and a positive return on equity of 3.52%. The business had revenue of $451.50 million during the quarter, compared to the consensus estimate of $451.13 million. During the same period in the previous year, the company posted $0.09 earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis. National Vision updated its FY 2024 guidance to 0.450-0.500 EPS and its FY24 guidance to $0.45-$0.50 EPS.

National Vision Trading Down 1.0 %

Shares of NASDAQ:EYE traded down $0.12 during trading on Friday, hitting $11.51. The stock had a trading volume of 1,272,079 shares, compared to its average volume of 1,398,675. The stock has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $12.60. National Vision has a 12-month low of $9.56 and a 12-month high of $24.11. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

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