$0.19 EPS Expected for National Vision Holdings Inc (EYE) This Quarter

Wall Street analysts expect National Vision Holdings Inc (NASDAQ:EYE) to post earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for National Vision’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.17. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, August 14th.

On average, analysts expect that National Vision will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.70 to $0.73. For the next fiscal year, analysts anticipate that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.80 to $0.89. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for National Vision.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Tuesday, May 15th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The company had revenue of $408.00 million during the quarter, compared to analyst estimates of $405.97 million. National Vision’s revenue was up 10.3% on a year-over-year basis.

A number of equities analysts recently commented on the company. ValuEngine upgraded National Vision from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research cut National Vision from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Wells Fargo & Co assumed coverage on National Vision in a report on Monday, April 23rd. They set an “outperform” rating and a $40.00 price target for the company. Finally, Guggenheim reiterated a “buy” rating and set a $46.00 price target on shares of National Vision in a report on Tuesday, May 15th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.25.

National Vision stock traded up $0.11 during midday trading on Friday, reaching $44.90. 433,978 shares of the company’s stock were exchanged, compared to its average volume of 1,103,697. National Vision has a 52 week low of $27.19 and a 52 week high of $45.17. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.56 and a current ratio of 0.99. The stock has a market capitalization of $3.37 billion and a P/E ratio of 84.72.

In other news, SVP Chris Beasley sold 6,219 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $38.97, for a total transaction of $242,354.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Vision Aggregator L.P. Kkr sold 1,742,007 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total value of $66,649,187.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,575,169 shares of company stock valued at $634,191,181. Corporate insiders own 2.82% of the company’s stock.

Large investors have recently modified their holdings of the company. Amtrust Financial Services Inc. boosted its stake in shares of National Vision by 21.2% in the first quarter. Amtrust Financial Services Inc. now owns 50,000 shares of the company’s stock valued at $1,616,000 after buying an additional 8,748 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of National Vision in the fourth quarter valued at approximately $5,706,000. Geode Capital Management LLC bought a new stake in shares of National Vision in the fourth quarter valued at approximately $7,637,000. Legal & General Group Plc boosted its stake in shares of National Vision by 390.2% in the first quarter. Legal & General Group Plc now owns 22,249 shares of the company’s stock valued at $719,000 after buying an additional 17,710 shares during the period. Finally, BlackRock Inc. bought a new stake in shares of National Vision in the fourth quarter valued at approximately $42,439,000. Institutional investors own 98.44% of the company’s stock.

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

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