National Vision (NASDAQ:EYE) Posts Earnings Results

National Vision (NASDAQ:EYE) released its quarterly earnings results on Wednesday. The company reported $0.12 earnings per share (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 during 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 quarterly revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company 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

Shares of NASDAQ:EYE traded down $0.31 during mid-day trading on Wednesday, reaching $11.89. 3,897,130 shares of the company traded hands, compared to its average volume of 1,460,263. The company’s 50 day moving average price is $10.43 and its 200-day moving average price is $12.66. The firm has a market cap of $934.98 million, a PE ratio of -11.54, a PEG ratio of 2.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.55 and a quick ratio of 0.41. National Vision has a 52 week low of $9.56 and a 52 week high of $24.11.

Wall Street Analyst Weigh In

EYE has been the subject of a number of recent research reports. The Goldman Sachs Group cut their price target 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 cut their price target on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group cut 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently 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.