Wall Street analysts forecast that National Vision Holdings Inc (NASDAQ:EYE) will report sales of $377.55 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for National Vision’s earnings. The lowest sales estimate is $371.10 million and the highest is $384.00 million. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, August 14th.
On average, analysts expect that National Vision will report full year sales of $1.52 billion for the current year, with estimates ranging from $1.51 billion to $1.53 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.66 billion per share, with estimates ranging from $1.66 billion to $1.67 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow National Vision.
National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Tuesday, May 15th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). The company had revenue of $408.00 million during the quarter, compared to analysts’ expectations of $405.97 million. The company’s revenue for the quarter was up 10.3% on a year-over-year basis.
Shares of NASDAQ:EYE traded up $0.11 on Tuesday, hitting $44.90. The company had a trading volume of 433,978 shares, compared to its average volume of 1,103,697. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.79. National Vision has a 52-week low of $27.19 and a 52-week high of $45.17. The company has a market capitalization of $3.37 billion and a P/E ratio of 84.72.
In other National Vision news, Director D Randolph Peeler sold 407,561 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $38.26, for a total transaction of $15,593,283.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund Holdings Gp Ltd Kkr sold 11,452,321 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $38.26, for a total transaction of $438,165,801.46. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,575,169 shares of company stock valued at $634,191,181. 2.82% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of National Vision during the 4th quarter worth $2,476,000. BlackRock Inc. purchased a new stake in National Vision during the fourth quarter worth approximately $42,439,000. Geode Capital Management LLC purchased a new stake in National Vision during the fourth quarter worth approximately $7,637,000. Alliancebernstein L.P. purchased a new stake in National Vision during the fourth quarter worth approximately $866,000. Finally, Deutsche Bank AG purchased a new stake in National Vision during the fourth quarter worth approximately $1,657,000. Institutional investors own 98.44% of the company’s stock.
National Vision Company Profile
National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America's Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services.
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