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

National Vision (NASDAQ:EYE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.450-0.500 for the period, compared to the consensus earnings per share 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.

Analyst Ratings Changes

Several brokerages recently issued reports on EYE. The Goldman Sachs Group cut their price objective on National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Friday, August 9th. UBS Group cut their price objective on National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Barclays cut their price objective on National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.25.

National Vision Stock Down 1.5 %

NASDAQ EYE traded down $0.18 during trading on Friday, hitting $11.45. 326,036 shares of the company traded hands, compared to its average volume of 1,456,583. 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 business has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $12.65. The company has a market capitalization of $900.43 million, a P/E ratio of -11.29, a PEG ratio of 2.55 and a beta of 1.42. National Vision has a 12 month low of $9.56 and a 12 month high of $24.11.

National Vision (NASDAQ:EYE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. The business had revenue of $451.50 million for the quarter, compared to analyst estimates of $451.13 million. National Vision had a positive return on equity of 3.53% and a negative net margin of 4.00%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. As a group, sell-side analysts predict that National Vision will post 0.23 EPS for the current year.

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.