National Vision (NASDAQ:EYE) Releases FY 2020 Pre-Market Earnings Guidance

National Vision (NASDAQ:EYE) issued an update on its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.80-0.85 for the period, compared to the Thomson Reuters consensus estimate of $0.79. The company issued revenue guidance of $1.875-1.905 billion, compared to the consensus revenue estimate of $1.87 billion.National Vision also updated its FY20 guidance to $0.80 – $0.85 EPS.

Shares of National Vision stock traded down $0.56 on Friday, hitting $34.62. 16,939 shares of the company’s stock traded hands, compared to its average volume of 615,168. The firm’s 50-day moving average price is $34.30 and its two-hundred day moving average price is $29.52. The stock has a market capitalization of $3.05 billion, a PE ratio of 86.58 and a beta of 1.57. National Vision has a one year low of $22.02 and a one year high of $39.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.92 and a quick ratio of 0.55.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, February 26th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.01 by $0.10. The company had revenue of $401.80 million during the quarter, compared to analysts’ expectations of $388.30 million. National Vision had a net margin of 1.90% and a return on equity of 7.78%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

EYE has been the subject of several recent research reports. William Blair reiterated a buy rating on shares of National Vision in a research report on Thursday, January 23rd. Guggenheim restated a buy rating on shares of National Vision in a research report on Thursday, January 23rd. ValuEngine cut shares of National Vision from a buy rating to a hold rating in a research report on Monday, December 16th. BidaskClub upgraded shares of National Vision from a sell rating to a hold rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets initiated coverage on shares of National Vision in a research report on Monday, February 3rd. They issued a market perform rating and a $37.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $38.25.

In other National Vision news, CFO Patrick R. Moore sold 69,977 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $32.00, for a total transaction of $2,239,264.00. Following the completion of the transaction, the chief financial officer now owns 4,523 shares in the company, valued at approximately $144,736. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO L Reade Fahs sold 75,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $36.50, for a total value of $2,737,500.00. Following the transaction, the chief executive officer now owns 318,037 shares of the company’s stock, valued at approximately $11,608,350.50. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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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