National Vision (EYE) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

National Vision (NASDAQ:EYE) posted its quarterly earnings data on Tuesday. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04, MarketWatch Earnings reports. The company had revenue of $385.53 million during the quarter, compared to analyst estimates of $371.40 million. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS.

NASDAQ EYE traded down $2.04 on Wednesday, reaching $41.59. The company’s stock had a trading volume of 163,465 shares, compared to its average volume of 478,466. National Vision has a twelve month low of $27.19 and a twelve month high of $46.00. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $3.38 billion and a price-to-earnings ratio of 78.47.

In other National Vision news, SVP Mitchell Goodman sold 56,848 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $38.26, for a total value of $2,175,004.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Chris Beasley sold 6,219 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $38.97, for a total transaction of $242,354.43. The disclosure for this sale can be found here. Insiders sold a total of 16,575,169 shares of company stock valued at $634,191,181 over the last three months. 2.82% of the stock is owned by corporate insiders.



Several research firms recently weighed in on EYE. ValuEngine raised shares of National Vision from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research downgraded shares of National Vision from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Wells Fargo & Co began coverage on shares of National Vision in a report on Monday, April 23rd. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Guggenheim reaffirmed a “buy” rating and issued a $46.00 price objective on shares of National Vision in a report on Tuesday, May 15th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $39.25.

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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