National Vision (NASDAQ:EYE) Announces Earnings Results

National Vision (NASDAQ:EYE) released its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06, RTT News reports. The business had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. 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 Stock Performance

NASDAQ EYE traded down $0.15 during trading on Friday, reaching $11.48. The company’s stock had a trading volume of 179,440 shares, compared to its average volume of 1,455,908. National Vision has a twelve month low of $9.56 and a twelve month high of $24.11. The firm has a market cap of $902.79 million, a price-to-earnings ratio of -11.29, a P/E/G ratio of 2.55 and a beta of 1.42. The business’s fifty day moving average price is $10.45 and its 200-day moving average price is $12.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55.

Analyst Ratings Changes

A number of research firms recently commented on EYE. UBS Group dropped their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group cut their target price on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Barclays decreased their target price on 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. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, National Vision has a consensus rating of “Hold” and an average 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.