National Vision (NASDAQ:EYE) Posts Earnings Results, Beats Expectations By $0.06 EPS

National Vision (NASDAQ:EYE) issued its earnings results on Wednesday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06, RTT News reports. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $451.13 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 EPS. National Vision updated its FY 2024 guidance to 0.450-0.500 EPS and its FY24 guidance to $0.45-$0.50 EPS.

National Vision Price Performance

Shares of EYE stock opened at $11.89 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average of $10.43 and a 200-day moving average of $12.66. National Vision has a 12 month low of $9.56 and a 12 month high of $24.11.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EYE. Barclays reduced their price target on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. The Goldman Sachs Group cut their target price on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, UBS Group decreased their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, National Vision currently has an average rating of “Hold” and a consensus price target of $15.25.

About National Vision

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.