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

National Vision (NASDAQ:EYE) announced its quarterly earnings results on Thursday. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.10, Briefing.com reports. The company had revenue of $431.90 million during 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%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 earnings per share.

EYE traded down $1.96 during trading on Friday, hitting $27.75. 1,040,100 shares of the stock were exchanged, compared to its average volume of 845,094. The firm has a 50 day simple moving average of $24.13 and a 200 day simple moving average of $27.86. National Vision has a 1 year low of $22.02 and a 1 year high of $45.38. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.94. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 61.67, a P/E/G ratio of 2.67 and a beta of 1.43.

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

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Several research firms have recently issued reports on EYE. Bank of America raised National Vision from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 1st. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group raised 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. Wells Fargo & Co lowered their price objective on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, September 30th. Finally, Loop Capital raised National Vision from a “hold” rating to a “buy” rating and raised their price objective for the company from $30.00 to $37.00 in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. National Vision presently has a consensus rating of “Buy” and a consensus price target 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.

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Earnings History for National Vision (NASDAQ:EYE)

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