National Vision (NASDAQ:EYE) Issues Earnings Results, Beats Expectations By $0.01 EPS

National Vision (NASDAQ:EYE) released its earnings results on Wednesday. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01, Briefing.com reports. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The firm had revenue of $487.33 million for the quarter, compared to analyst estimates of $472.98 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. National Vision updated its FY 2025 guidance to 0.620-0.700 EPS.

National Vision Trading Up 2.8%

National Vision stock traded up $0.65 during trading hours on Friday, reaching $24.13. 2,018,850 shares of the company’s stock were exchanged, compared to its average volume of 1,916,908. The firm’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $22.88. National Vision has a twelve month low of $9.93 and a twelve month high of $29.59. The company has a quick ratio of 0.31, a current ratio of 0.53 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $1.91 billion, a PE ratio of -804.07, a PEG ratio of 2.51 and a beta of 1.33.

Insider Activity at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the sale, the chairman owned 544,795 shares in the company, valued at $13,254,862.35. This represents a 20.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its holdings in National Vision by 333.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock worth $90,000 after acquiring an additional 3,000 shares in the last quarter. Snowden Capital Advisors LLC acquired a new position in shares of National Vision during the second quarter worth approximately $215,000. Captrust Financial Advisors lifted its holdings in shares of National Vision by 11.7% in the 2nd quarter. Captrust Financial Advisors now owns 11,463 shares of the company’s stock worth $264,000 after purchasing an additional 1,200 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of National Vision by 13.8% in the 2nd quarter. Cerity Partners LLC now owns 16,887 shares of the company’s stock worth $389,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new stake in National Vision in the 2nd quarter valued at $392,000.

Analysts Set New Price Targets

EYE has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Roth Capital assumed coverage on shares of National Vision in a research note on Wednesday, July 30th. They issued a “buy” rating and a $36.00 target price for the company. Barclays cut their target price on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, The Goldman Sachs Group raised their price objective on National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, National Vision has an average rating of “Hold” and a consensus price target of $24.91.

National Vision Company Profile

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.