Analysts expect that National Vision Holdings Inc (NASDAQ:EYE) will report $421.07 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for National Vision’s earnings, with the highest sales estimate coming in at $424.60 million and the lowest estimate coming in at $418.80 million. National Vision posted sales of $385.53 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The firm is expected to announce its next earnings report on Tuesday, August 13th.

According to Zacks, analysts expect that National Vision will report full year sales of $1.70 billion for the current fiscal year. For the next fiscal year, analysts expect that the business will post sales of $1.86 billion, with estimates ranging from $1.84 billion to $1.91 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for National Vision.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $461.22 million for the quarter, compared to analyst estimates of $455.42 million. National Vision had a net margin of 1.12% and a return on equity of 6.29%. The company’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS.

Several research analysts have recently weighed in on EYE shares. ValuEngine lowered shares of National Vision from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research lowered shares of National Vision from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Guggenheim restated a “buy” rating and issued a $40.00 price target on shares of National Vision in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $45.25.

Shares of EYE stock traded up $0.36 during trading hours on Friday, hitting $27.56. 704,364 shares of the company were exchanged, compared to its average volume of 714,084. The firm has a market cap of $2.16 billion, a P/E ratio of 61.24, a PEG ratio of 2.53 and a beta of 1.62. National Vision has a 1 year low of $25.60 and a 1 year high of $46.63. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.91 and a quick ratio of 0.53.

In related news, CEO L Reade Fahs sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.60, for a total value of $266,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Chris Beasley sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $26.99, for a total transaction of $674,750.00. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock worth $3,091,850 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in shares of National Vision by 48.2% during the third quarter. Morgan Stanley now owns 151,925 shares of the company’s stock valued at $6,858,000 after purchasing an additional 49,389 shares during the period. Pearl River Capital LLC raised its stake in shares of National Vision by 93.6% during the first quarter. Pearl River Capital LLC now owns 4,600 shares of the company’s stock valued at $144,000 after purchasing an additional 2,224 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of National Vision by 109.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 976,689 shares of the company’s stock valued at $27,513,000 after purchasing an additional 510,689 shares during the period. Bank of New York Mellon Corp raised its stake in shares of National Vision by 172.2% during the third quarter. Bank of New York Mellon Corp now owns 878,311 shares of the company’s stock valued at $39,647,000 after purchasing an additional 555,612 shares during the period. Finally, AMI Asset Management Corp purchased a new stake in shares of National Vision during the fourth quarter valued at approximately $8,558,000.

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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