National Vision (NASDAQ:EYE) Releases Earnings Results, Beats Estimates By $0.06 EPS

National Vision (NASDAQ:EYE) posted its quarterly earnings data on Wednesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06, RTT News reports. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The firm had revenue of $451.50 million during the quarter, compared to analyst estimates of $451.13 million. During the same quarter in the previous year, the business posted $0.09 EPS. National Vision’s revenue was down 15.2% on a year-over-year basis. 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 Trading Down 1.3 %

Shares of EYE stock traded down $0.15 on Friday, hitting $11.48. 179,440 shares of the stock traded hands, compared to its average volume of 1,455,908. National Vision has a twelve month low of $9.56 and a twelve month high of $24.11. The stock has a market capitalization of $902.79 million, a PE ratio of -11.29, a PEG ratio of 2.55 and a beta of 1.42. The firm’s 50-day moving average price is $10.45 and its two-hundred day moving average price is $12.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EYE shares. The Goldman Sachs Group reduced their target price 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 dropped their target price on National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Finally, UBS Group reduced their price target on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.25.

About National Vision

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.