Analysts Expect National Vision Holdings, Inc. (NASDAQ:EYE) to Announce $0.34 EPS


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Equities analysts expect National Vision Holdings, Inc. (NASDAQ:EYE) to post earnings per share (EPS) of $0.34 for the current quarter, Zacks reports. Two analysts have made estimates for National Vision’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.36. National Vision posted earnings per share of $0.28 in the same quarter last year, which would indicate a positive year over year growth rate of 21.4%. The firm is scheduled to announce its next earnings report on Thursday, May 6th.

On average, analysts expect that National Vision will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.88 to $0.92. For the next fiscal year, analysts forecast that the company will report earnings of $0.98 per share, with EPS estimates ranging from $0.95 to $1.05. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow National Vision.

National Vision (NASDAQ:EYE) last posted its quarterly earnings data on Tuesday, March 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.32. National Vision had a net margin of 0.32% and a return on equity of 4.97%. The company had revenue of $496.70 million during the quarter, compared to the consensus estimate of $472.41 million. During the same period in the previous year, the firm posted $0.11 EPS. The firm’s revenue was up 23.6% compared to the same quarter last year.

A number of research firms have recently issued reports on EYE. Morgan Stanley lifted their price objective on shares of National Vision from $48.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, January 20th. Citigroup lifted their target price on shares of National Vision from $57.00 to $52.00 in a research report on Thursday, March 4th. Wells Fargo & Company lifted their target price on shares of National Vision from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 3rd. Finally, Loop Capital cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Monday, January 11th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.63.

Shares of NASDAQ EYE traded up $1.01 during mid-day trading on Friday, reaching $47.28. 18,081 shares of the company were exchanged, compared to its average volume of 757,913. National Vision has a 52 week low of $19.07 and a 52 week high of $52.61. The company has a quick ratio of 1.25, a current ratio of 1.56 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3.84 billion, a PE ratio of 1,157.04, a PEG ratio of 20.67 and a beta of 1.77. The company’s 50 day moving average price is $46.52 and its 200 day moving average price is $45.12.

Hedge funds have recently added to or reduced their stakes in the business. Eaton Vance Management increased its position in shares of National Vision by 20.3% in the fourth quarter. Eaton Vance Management now owns 1,717,050 shares of the company’s stock valued at $77,765,000 after acquiring an additional 289,313 shares during the period. Twinbeech Capital LP bought a new stake in shares of National Vision during the 4th quarter valued at about $635,000. Citigroup Inc. boosted its stake in shares of National Vision by 23.7% during the 4th quarter. Citigroup Inc. now owns 29,968 shares of the company’s stock valued at $1,357,000 after purchasing an additional 5,733 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of National Vision by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,141 shares of the company’s stock valued at $30,578,000 after purchasing an additional 2,278 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of National Vision during the 4th quarter valued at about $854,000.

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; 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, vision care benefit plan, and optometric services.

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