$0.13 EPS Expected for National Vision Holdings Inc (EYE) This Quarter

Equities analysts expect that National Vision Holdings Inc (NASDAQ:EYE) will report earnings of $0.13 per share for the current quarter, according to Zacks. Two analysts have made estimates for National Vision’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.15. National Vision posted earnings of $0.10 per share during the same quarter last year, which would suggest a positive year over year growth rate of 30%. The business is scheduled to report its next earnings results on Thursday, December 6th.

On average, analysts expect that National Vision will report full year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.70 to $0.73. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.85 per share, with EPS estimates ranging from $0.80 to $0.87. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow National Vision.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Tuesday, August 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $385.53 million during the quarter, compared to the consensus estimate of $371.40 million. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $0.12 EPS.

A number of research firms recently weighed in on EYE. Zacks Investment Research downgraded National Vision from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Citigroup boosted their target price on National Vision from $43.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Bank of America boosted their target price on National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 15th. Morgan Stanley boosted their target price on National Vision from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group set a $50.00 target price on National Vision and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. National Vision presently has an average rating of “Buy” and a consensus target price of $43.67.

In other National Vision news, CFO Patrick R. Moore sold 51,874 shares of National Vision stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.26, for a total value of $1,984,699.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO L Reade Fahs sold 10,000 shares of National Vision stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $38.05, for a total value of $380,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 450 shares of company stock worth $18,146 and sold 16,578,950 shares worth $634,393,127. 2.82% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its stake in shares of National Vision by 41.8% during the second quarter. PNC Financial Services Group Inc. now owns 6,547 shares of the company’s stock valued at $239,000 after buying an additional 1,931 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of National Vision during the second quarter valued at approximately $249,000. Barclays PLC increased its stake in shares of National Vision by 225.9% during the first quarter. Barclays PLC now owns 9,490 shares of the company’s stock valued at $307,000 after buying an additional 6,578 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of National Vision by 69.8% during the first quarter. Cubist Systematic Strategies LLC now owns 10,892 shares of the company’s stock valued at $352,000 after buying an additional 4,479 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of National Vision during the first quarter valued at approximately $508,000.

Shares of EYE opened at $44.00 on Wednesday. The stock has a market cap of $3.27 billion and a PE ratio of 83.02. National Vision has a 12-month low of $27.19 and a 12-month high of $46.63. The company has a quick ratio of 0.55, a current ratio of 1.05 and a debt-to-equity ratio of 0.78.

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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