National Vision (NASDAQ:EYE) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS
National Vision (NASDAQ:EYE) released its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.10, Briefing.com reports. The business 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 6.30% and a net margin of 0.92%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 EPS.
Shares of NASDAQ:EYE traded down $1.96 during midday trading on Friday, hitting $27.75. 1,040,100 shares of the stock were exchanged, compared to its average volume of 845,094. National Vision has a 52-week low of $22.02 and a 52-week high of $45.38. The company has a market capitalization of $1.97 billion, a PE ratio of 61.67, a P/E/G ratio of 2.67 and a beta of 1.43. The business’s fifty day simple moving average is $24.13 and its two-hundred day simple moving average is $27.86. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.57 and a current ratio of 0.94.
In related news, SVP John Vaught sold 48,611 shares of National Vision stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $30.11, for a total transaction of $1,463,677.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Vision Aggregator L.P. Kkr sold 9,149,908 shares of National Vision stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $30.52, for a total value of $279,255,192.16. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.
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.
Recommended Story: The benefits and drawbacks of dollar cost averaging
Receive News & Ratings for National Vision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Vision and related companies with MarketBeat.com's FREE daily email newsletter.