National Vision (NASDAQ:EYE) Releases FY 2024 Earnings Guidance

National Vision (NASDAQ:EYE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.450-0.500 for the period, compared to the consensus EPS estimate of 0.480. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion.

National Vision Trading Up 4.9 %

Shares of National Vision stock opened at $12.20 on Wednesday. The stock has a market capitalization of $959.36 million, a P/E ratio of -11.84, a P/E/G ratio of 2.42 and a beta of 1.42. National Vision has a 52-week low of $9.56 and a 52-week high of $24.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. The stock’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $12.66.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The company had revenue of $451.70 million for the quarter, compared to analyst estimates of $451.35 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The company’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. As a group, research analysts anticipate that National Vision will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group dropped their target price on National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group dropped their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Barclays cut their target price on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.25.

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.