National Vision (NASDAQ:EYE) Releases FY24 Earnings Guidance

National Vision (NASDAQ:EYE) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.45-$0.50 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $1.82-$1.84 billion, compared to the consensus revenue estimate of $1.83 billion. National Vision also updated its FY 2024 guidance to 0.450-0.500 EPS.

National Vision Stock Down 1.0 %

Shares of NASDAQ:EYE opened at $11.51 on Friday. National Vision has a one year low of $9.56 and a one year high of $24.11. The business’s 50-day simple moving average is $10.47 and its 200 day simple moving average is $12.60. The company has a current ratio of 0.57, a quick ratio of 0.41 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.06. 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 prior year, the firm earned $0.09 earnings per share. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that National Vision will post 0.23 earnings per share for the current year.

Analysts Set New Price Targets

EYE has been the subject of several research analyst reports. The Goldman Sachs Group reduced their target price on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Barclays reduced their price objective on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group dropped their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $15.25.

National Vision Company Profile

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.