Analysts expect National Vision Holdings Inc (NASDAQ:EYE) to post sales of $377.15 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for National Vision’s earnings, with estimates ranging from $375.20 million to $379.10 million. National Vision reported sales of $346.09 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The company is scheduled to report its next quarterly earnings report on Thursday, December 6th.

According to Zacks, analysts expect that National Vision will report full-year sales of $1.52 billion for the current year, with estimates ranging from $1.52 billion to $1.53 billion. For the next year, analysts expect that the business will post sales of $1.67 billion, with estimates ranging from $1.66 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover National Vision.

National Vision (NASDAQ:EYE) last issued its earnings results on Tuesday, August 14th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. National Vision had a return on equity of 7.47% and a net margin of 4.68%. The business had revenue of $385.53 million during the quarter, compared to the consensus estimate of $371.40 million. During the same quarter last year, the company earned $0.12 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year.

Several analysts have weighed in on EYE shares. Bank of America raised their price target on National Vision from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday, August 15th. Zacks Investment Research cut National Vision from a “hold” rating to a “sell” rating in a report on Tuesday, June 5th. Jefferies Financial Group set a $50.00 price target on National Vision and gave the company a “buy” rating in a report on Tuesday, August 14th. Morgan Stanley raised their price target on National Vision from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Finally, ValuEngine raised National Vision from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.00.

NASDAQ:EYE opened at $45.10 on Friday. National Vision has a twelve month low of $27.19 and a twelve month high of $46.63. The stock has a market capitalization of $3.32 billion and a price-to-earnings ratio of 85.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.55 and a current ratio of 1.05.

In related news, major shareholder Vision Aggregator L.P. Kkr sold 1,742,007 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $38.26, for a total transaction of $66,649,187.82. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jeff Busbee sold 6,782 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total value of $259,479.32. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 450 shares of company stock worth $18,146 and sold 16,605,427 shares worth $635,540,111. Company insiders own 2.82% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in National Vision by 390.2% in the 1st quarter. Legal & General Group Plc now owns 22,249 shares of the company’s stock worth $719,000 after purchasing an additional 17,710 shares during the period. Teacher Retirement System of Texas purchased a new position in National Vision in the 2nd quarter worth approximately $249,000. Wells Fargo & Company MN increased its stake in National Vision by 24.5% in the 2nd quarter. Wells Fargo & Company MN now owns 331,378 shares of the company’s stock worth $12,119,000 after purchasing an additional 65,252 shares during the period. Swiss National Bank purchased a new position in National Vision in the 2nd quarter worth approximately $2,139,000. Finally, Voya Investment Management LLC increased its stake in National Vision by 72.0% in the 2nd quarter. Voya Investment Management LLC now owns 841,343 shares of the company’s stock worth $30,768,000 after purchasing an additional 352,141 shares during the period.

About National Vision

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 under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.

See Also: What is a stock buyback?

Get a free copy of the Zacks research report on National Vision (EYE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.