National Vision (NASDAQ:EYE) Issues FY 2022 Earnings Guidance

National Vision (NASDAQ:EYEGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.65-$0.80 for the period, compared to the consensus EPS estimate of $1.10. The company issued revenue guidance of $2.01 billion-$2.07 billion, compared to the consensus revenue estimate of $2.17 billion.

NASDAQ EYE traded up $0.30 during trading on Friday, reaching $28.20. The company’s stock had a trading volume of 3,886 shares, compared to its average volume of 1,039,182. The company has a current ratio of 1.54, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.34 and a beta of 1.78. National Vision has a 12 month low of $22.59 and a 12 month high of $65.92. The firm has a 50 day moving average price of $37.71 and a 200 day moving average price of $41.58.

National Vision (NASDAQ:EYEGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. National Vision had a net margin of 5.55% and a return on equity of 10.96%. The firm had revenue of $527.70 million for the quarter, compared to analyst estimates of $538.38 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts forecast that National Vision will post 0.52 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. TheStreet lowered National Vision from a b- rating to a c+ rating in a research report on Wednesday, March 30th. Morgan Stanley decreased their target price on National Vision from $70.00 to $65.00 and set an overweight rating for the company in a research report on Tuesday, March 1st. Barclays boosted their target price on National Vision from $43.00 to $52.00 in a research report on Friday, April 1st. The Goldman Sachs Group decreased their target price on National Vision from $48.00 to $41.00 and set a neutral rating for the company in a research report on Tuesday, March 1st. Finally, Citigroup reduced their price target on shares of National Vision from $58.00 to $55.00 in a research report on Tuesday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $56.60.

In other news, SVP Jared Brandman acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average price of $23.25 per share, for a total transaction of $116,250.00. Following the acquisition, the senior vice president now owns 18,697 shares of the company’s stock, valued at $434,705.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Virginia A. Hepner acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 13th. The stock was purchased at an average price of $25.71 per share, for a total transaction of $25,710.00. Following the acquisition, the director now directly owns 12,588 shares in the company, valued at approximately $323,637.48. The disclosure for this purchase can be found here. Insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of National Vision in the 1st quarter valued at about $203,000. Engineers Gate Manager LP acquired a new stake in shares of National Vision in the 1st quarter valued at about $315,000. Hsbc Holdings PLC boosted its position in shares of National Vision by 43.3% in the 1st quarter. Hsbc Holdings PLC now owns 10,533 shares of the company’s stock valued at $463,000 after purchasing an additional 3,182 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of National Vision in the 4th quarter valued at about $610,000. Finally, Jane Street Group LLC boosted its position in shares of National Vision by 198.2% in the 1st quarter. Jane Street Group LLC now owns 15,834 shares of the company’s stock valued at $690,000 after purchasing an additional 10,525 shares during the period.

National Vision Company Profile (Get Rating)

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.

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