National Vision Holdings Inc (NASDAQ:EYE) Expected to Post Quarterly Sales of $388.95 Million

Equities research analysts expect National Vision Holdings Inc (NASDAQ:EYE) to post $388.95 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for National Vision’s earnings. The highest sales estimate is $389.10 million and the lowest is $388.80 million. National Vision posted sales of $355.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.3%. The company is expected to issue its next earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that National Vision will report full-year sales of $1.71 billion for the current year, with estimates ranging from $1.71 billion to $1.72 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.87 billion, with estimates ranging from $1.86 billion to $1.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow National Vision.

National Vision (NASDAQ:EYE) last posted its earnings results on Thursday, November 7th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.10. The company had revenue of $431.90 million during the quarter, compared to analyst estimates of $427.83 million. National Vision had a return on equity of 6.01% and a net margin of 0.62%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 earnings per share.

Several equities analysts have recently commented on EYE shares. ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Wells Fargo & Co decreased their price objective on National Vision from $37.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, September 30th. Bank of America raised National Vision from a “neutral” rating to a “buy” rating in a report on Tuesday, October 1st. Finally, Barclays assumed coverage on National Vision in a report on Tuesday, November 12th. They issued an “overweight” rating and a $34.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. National Vision has a consensus rating of “Buy” and a consensus price target of $34.71.

Shares of NASDAQ:EYE traded up $0.52 during trading on Monday, hitting $30.74. 338,735 shares of the company traded hands, compared to its average volume of 825,420. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 68.31, a PEG ratio of 3.14 and a beta of 1.56. The business’s fifty day moving average is $26.72 and its 200-day moving average is $28.03. National Vision has a one year low of $22.02 and a one year high of $35.67. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 1.19.

In other National Vision news, Director Thomas V. Taylor acquired 3,610 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average cost of $27.59 per share, with a total value of $99,599.90. Corporate insiders own 2.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new position in National Vision during the 2nd quarter valued at $46,000. Aperio Group LLC bought a new position in National Vision during the 2nd quarter valued at $59,000. Tower Research Capital LLC TRC bought a new position in National Vision during the 2nd quarter valued at $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in National Vision by 32.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,837 shares of the company’s stock valued at $116,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new position in National Vision during the 2nd quarter valued at $201,000.

National Vision Company Profile

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, as well as eye exams through its America's Best, Eyeglass World, Vista Optical, and Vista Optical Military, as well as Vision Center brand stores; and provides health maintenance organization, vision care benefit plan, and optometric services.

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