Analysts Anticipate National Vision Holdings, Inc. (NASDAQ:EYE) Will Post Quarterly Sales of $501.70 Million

Brokerages expect National Vision Holdings, Inc. (NASDAQ:EYE) to post sales of $501.70 million for the current quarter, according to Zacks. Two analysts have issued estimates for National Vision’s earnings, with the highest sales estimate coming in at $501.80 million and the lowest estimate coming in at $501.60 million. National Vision reported sales of $485.35 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.4%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that National Vision will report full-year sales of $2.05 billion for the current year, with estimates ranging from $2.03 billion to $2.05 billion. For the next year, analysts expect that the firm will report sales of $2.20 billion, with estimates ranging from $2.18 billion to $2.20 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow National Vision.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Thursday, August 12th. The company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.29. The business had revenue of $549.49 million for the quarter, compared to analyst estimates of $494.70 million. National Vision had a return on equity of 17.77% and a net margin of 7.33%.

Several research analysts have recently weighed in on the company. TheStreet raised National Vision from a “c+” rating to a “b+” rating in a research note on Tuesday, July 6th. Zacks Investment Research downgraded National Vision from a “strong-buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research note on Wednesday, July 14th. Morgan Stanley raised National Vision from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $57.00 to $70.00 in a research note on Thursday. BMO Capital Markets increased their price objective on National Vision from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Friday, August 13th. Finally, Loop Capital upped their target price on National Vision from $51.00 to $55.00 and gave the company a “hold” rating in a report on Friday, August 13th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

Shares of EYE stock traded up $3.92 during trading hours on Monday, hitting $60.19. 33,034 shares of the company’s stock were exchanged, compared to its average volume of 554,685. The company has a quick ratio of 1.32, a current ratio of 1.64 and a debt-to-equity ratio of 0.66. The firm has a market cap of $4.93 billion, a P/E ratio of 34.25, a P/E/G ratio of 2.20 and a beta of 1.73. The firm has a 50 day moving average of $57.32 and a two-hundred day moving average of $52.27. National Vision has a fifty-two week low of $39.50 and a fifty-two week high of $61.44.

In other National Vision news, SVP Jared Brandman sold 20,000 shares of the stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $53.50, for a total value of $1,070,000.00. Following the sale, the senior vice president now owns 26,720 shares of the company’s stock, valued at approximately $1,429,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO L Reade Fahs sold 18,367 shares of the stock in a transaction dated Tuesday, August 17th. The shares were sold at an average price of $55.02, for a total value of $1,010,552.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,167 shares of company stock valued at $2,124,560. Company insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EYE. State Board of Administration of Florida Retirement System grew its stake in shares of National Vision by 1.1% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 28,141 shares of the company’s stock valued at $1,439,000 after purchasing an additional 302 shares during the last quarter. IndexIQ Advisors LLC boosted its position in National Vision by 3.8% during the second quarter. IndexIQ Advisors LLC now owns 9,230 shares of the company’s stock worth $472,000 after purchasing an additional 339 shares in the last quarter. Prudential Financial Inc. boosted its position in National Vision by 8.5% during the first quarter. Prudential Financial Inc. now owns 7,099 shares of the company’s stock worth $311,000 after purchasing an additional 559 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in National Vision by 30.4% during the second quarter. Nisa Investment Advisors LLC now owns 3,130 shares of the company’s stock worth $160,000 after purchasing an additional 730 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in National Vision by 1.7% during the second quarter. The Manufacturers Life Insurance Company now owns 45,959 shares of the company’s stock worth $2,350,000 after purchasing an additional 770 shares in the last quarter.

About National Vision

National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment involves operations of, and supplies inventory and lab processing services.

See Also: Intrinsic Value

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Earnings History and Estimates for National Vision (NASDAQ:EYE)

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