National Vision (NASDAQ:EYE) Updates FY24 Earnings Guidance

National Vision (NASDAQ:EYE) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.50-0.65 for the period, compared to the consensus earnings per share estimate of $0.55. The company issued revenue guidance of $1.965-2.005 billion, compared to the consensus revenue estimate of $1.99 billion. National Vision also updated its FY 2024 guidance to 0.500-0.650 EPS.

National Vision Stock Down 16.5 %

NASDAQ:EYE traded down $2.95 during trading hours on Wednesday, reaching $14.92. 2,918,054 shares of the company traded hands, compared to its average volume of 989,656. National Vision has a 1 year low of $13.71 and a 1 year high of $27.02. The stock has a market capitalization of $1.17 billion, a P/E ratio of -17.59, a P/E/G ratio of 4.03 and a beta of 1.47. The business’s 50-day moving average price is $20.74 and its two-hundred day moving average price is $19.81. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.07. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. The firm had revenue of $506.40 million during the quarter, compared to analyst estimates of $499.49 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. National Vision’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that National Vision will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised their price target on shares of National Vision from $18.00 to $20.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $22.17.

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.