National Vision (NASDAQ:EYE) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

National Vision (NASDAQ:EYE) posted its earnings results on Thursday. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.08 by $0.10, Briefing.com reports. The firm had revenue of $431.90 million for the quarter, compared to analyst estimates of $427.83 million. National Vision had a return on equity of 6.30% and a net margin of 0.92%. National Vision’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share.

NASDAQ:EYE traded down $1.96 during trading hours on Friday, hitting $27.75. The company’s stock had a trading volume of 1,040,100 shares, compared to its average volume of 845,094. The company has a current ratio of 0.94, a quick ratio of 0.57 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.97 billion, a P/E ratio of 61.67, a price-to-earnings-growth ratio of 2.67 and a beta of 1.43. National Vision has a 52-week low of $22.02 and a 52-week high of $45.38. The stock has a fifty day moving average of $24.13 and a 200-day moving average of $27.86.

In related news, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.52, for a total value of $279,255,192.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Vaught sold 48,611 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $30.11, for a total transaction of $1,463,677.21. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Several research firms recently commented on EYE. Bank of America raised National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Wells Fargo & Co dropped their target price on National Vision from $37.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. UBS Group increased their target price on National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a report on Friday. Finally, Loop Capital raised National Vision from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $37.00 in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $38.00.

National Vision Company Profile

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, and optical accessory products, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

See Also: Understanding the Price to Earnings Ratio (PE)

Earnings History for National Vision (NASDAQ:EYE)

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