National Vision (NASDAQ:EYE) Releases FY 2024 Earnings Guidance

National Vision (NASDAQ:EYE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.450-0.500 for the period, compared to the consensus estimate of 0.480. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.8 billion. National Vision also updated its FY24 guidance to $0.45-$0.50 EPS.

National Vision Trading Down 1.6 %

NASDAQ:EYE traded down $0.19 on Friday, hitting $11.44. 325,140 shares of the stock were exchanged, compared to its average volume of 1,456,519. The stock has a fifty day moving average of $10.45 and a 200-day moving average of $12.65. The stock has a market cap of $899.64 million, a PE ratio of -11.29, a PEG ratio of 2.55 and a beta of 1.42. National Vision has a fifty-two week low of $9.56 and a fifty-two week high of $24.11. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.06. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The firm had revenue of $451.50 million during the quarter, compared to the consensus estimate of $451.13 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, equities analysts expect that National Vision will post 0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EYE has been the topic of a number of analyst reports. Barclays dropped their price target on National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. The Goldman Sachs Group cut their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, UBS Group cut their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has given 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 $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.