National Vision (NASDAQ:EYE) Issues FY24 Earnings Guidance

National Vision (NASDAQ:EYE) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.45-$0.50 for the period, compared to the consensus 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.

National Vision Stock Performance

Shares of NASDAQ:EYE traded down $0.12 during midday trading on Friday, reaching $11.51. 1,272,077 shares of the company’s stock traded hands, compared to its average volume of 1,460,943. National Vision has a one year low of $9.56 and a one year high of $24.11. The stock has a 50 day moving average of $10.45 and a 200 day moving average of $12.65. The company has a market cap of $905.15 million, a price-to-earnings ratio of -11.29, a P/E/G ratio of 2.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55.

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 analysts’ consensus estimates of $0.06 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $451.13 million. During the same quarter last year, the firm posted $0.09 EPS. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, equities research analysts anticipate that National Vision will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EYE. 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 dropped their target price on National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, UBS Group reduced their price target on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three equities research 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 currently has a consensus 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.