Equities research analysts expect National Vision Holdings Inc (NASDAQ:EYE) to announce $231.50 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for National Vision’s earnings. The lowest sales estimate is $217.30 million and the highest is $245.70 million. National Vision posted sales of $429.45 million during the same quarter last year, which suggests a negative year-over-year growth rate of 46.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 4th.
On average, analysts expect that National Vision will report full year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.53 billion to $1.90 billion. For the next financial year, analysts forecast that the business will post sales of $1.99 billion, with estimates ranging from $1.96 billion to $2.04 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover National Vision.
National Vision (NASDAQ:EYE) last released its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.09. National Vision had a return on equity of 7.62% and a net margin of 1.45%. The firm had revenue of $469.70 million during the quarter, compared to analyst estimates of $434.95 million. During the same period in the prior year, the firm posted $0.33 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year.
Several equities research analysts have recently weighed in on EYE shares. Citigroup upped their target price on National Vision from $31.00 to $36.00 in a research report on Wednesday, June 10th. TheStreet raised National Vision from a “d” rating to a “c-” rating in a research report on Tuesday, June 9th. UBS Group reduced their price target on National Vision from $44.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 8th. ValuEngine downgraded National Vision from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Guggenheim reduced their price target on National Vision from $45.00 to $35.00 and set a “positive” rating for the company in a report on Friday, May 8th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $34.70.
Shares of NASDAQ EYE traded up $1.52 on Thursday, hitting $30.32. The company had a trading volume of 698,400 shares, compared to its average volume of 1,007,306. National Vision has a 12-month low of $11.70 and a 12-month high of $39.88. The business has a 50 day moving average of $27.97 and a two-hundred day moving average of $29.13. The company has a quick ratio of 1.08, a current ratio of 1.53 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $2.31 billion, a P/E ratio of 97.81 and a beta of 2.01.
A number of large investors have recently added to or reduced their stakes in EYE. Janus Henderson Group PLC bought a new position in National Vision during the 4th quarter worth approximately $75,675,000. JPMorgan Chase & Co. raised its position in shares of National Vision by 14.2% during the 1st quarter. JPMorgan Chase & Co. now owns 7,698,550 shares of the company’s stock worth $149,506,000 after purchasing an additional 954,841 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of National Vision during the 1st quarter worth approximately $16,935,000. Norges Bank acquired a new stake in shares of National Vision during the 4th quarter worth approximately $22,688,000. Finally, Bank of New York Mellon Corp raised its position in shares of National Vision by 21.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,607,931 shares of the company’s stock worth $50,646,000 after purchasing an additional 464,775 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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