National Vision (NASDAQ:EYE) Releases FY24 Earnings Guidance

National Vision (NASDAQ:EYE) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.45-$0.50 for the period, compared to the consensus earnings per share estimate of $0.46. The company issued revenue guidance of $1.82-$1.84 billion, compared to the consensus revenue estimate of $1.83 billion. National Vision also updated its FY 2024 guidance to 0.450-0.500 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on EYE shares. The Goldman Sachs Group decreased their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. 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. Finally, UBS Group reduced their price objective on 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.25.

National Vision Stock Down 1.0 %

Shares of EYE traded down $0.12 on Friday, reaching $11.51. The company’s stock had a trading volume of 1,272,077 shares, compared to its average volume of 1,460,943. The stock has a market capitalization of $905.15 million, a PE ratio of -11.29, a PEG ratio of 2.55 and a beta of 1.42. 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 has a twelve month low of $9.56 and a twelve month high of $24.11. The firm has a fifty day moving average of $10.45 and a 200-day moving average of $12.65.

National Vision (NASDAQ:EYE) last announced its 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. The company had revenue of $451.50 million for the quarter, compared to analysts’ expectations of $451.13 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. National Vision’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities analysts predict that National Vision will post 0.23 EPS for the current year.

National Vision Company Profile

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.