National Vision (NASDAQ:EYE) Issues FY24 Earnings Guidance

National Vision (NASDAQ:EYE) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.45-$0.50 for the period, compared to the consensus 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 Price Performance

Shares of National Vision stock opened at $11.51 on Friday. The company has a 50-day moving average of $10.47 and a two-hundred day 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 quick ratio of 0.41, a current ratio of 0.57 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE) last released its quarterly earnings data 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. The firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $451.13 million. National Vision had a positive return on equity of 3.52% and a negative net margin of 0.81%. National Vision’s quarterly revenue was down 15.2% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. Analysts expect that National Vision will post 0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group dropped their price target on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, Barclays reduced their target price on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.