National Vision Holdings Inc (NASDAQ:EYE) Expected to Post Earnings of $0.03 Per Share

Analysts predict that National Vision Holdings Inc (NASDAQ:EYE) will report $0.03 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for National Vision’s earnings, with estimates ranging from ($0.01) to $0.04. National Vision posted earnings of $0.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that National Vision will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.66 to $0.70. For the next financial year, analysts expect that the firm will post earnings of $0.78 per share, with EPS estimates ranging from $0.72 to $0.81. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow National Vision.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. National Vision had a return on equity of 6.01% and a net margin of 0.62%. The firm had revenue of $431.90 million for the quarter, compared to analysts’ expectations of $427.83 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. National Vision’s revenue for the quarter was up 11.5% compared to the same quarter last year.

EYE has been the topic of several research reports. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group upped their price objective on National Vision from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Friday. Bank of America upgraded National Vision from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. Wells Fargo & Co cut their price objective on National Vision from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, September 30th. Finally, Loop Capital upgraded National Vision from a “hold” rating to a “buy” rating and upped their price objective for the company from $30.00 to $37.00 in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.00.

NASDAQ EYE traded up $0.24 on Thursday, hitting $27.02. 902,600 shares of the stock traded hands, compared to its average volume of 844,926. The stock has a 50-day moving average of $24.30 and a 200 day moving average of $27.85. National Vision has a twelve month low of $22.02 and a twelve month high of $43.50. The company has a market capitalization of $2.18 billion, a P/E ratio of 60.04, a price-to-earnings-growth ratio of 2.95 and a beta of 1.43. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 1.19.

Several institutional investors have recently made changes to their positions in EYE. First Trust Advisors LP acquired a new stake in shares of National Vision during the 1st quarter worth approximately $405,000. Riverbridge Partners LLC acquired a new stake in shares of National Vision during the 2nd quarter worth approximately $31,247,000. We Are One Seven LLC acquired a new stake in shares of National Vision during the 2nd quarter worth approximately $207,000. Strs Ohio acquired a new stake in shares of National Vision during the 2nd quarter worth approximately $46,000. Finally, SG Americas Securities LLC raised its position in shares of National Vision by 19.6% during the 2nd quarter. SG Americas Securities LLC now owns 57,294 shares of the company’s stock worth $1,761,000 after purchasing an additional 9,382 shares during the period.

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, 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.

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