National Vision Holdings Inc (EYE) to Post Q2 2018 Earnings of $0.10 Per Share, Jefferies Group Forecasts

National Vision Holdings Inc (NASDAQ:EYE) – Equities research analysts at Jefferies Group lowered their Q2 2018 earnings estimates for National Vision in a research report issued to clients and investors on Tuesday, May 15th. Jefferies Group analyst D. Binder now expects that the company will earn $0.10 per share for the quarter, down from their prior forecast of $0.15. Jefferies Group also issued estimates for National Vision’s Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at $0.49 EPS, FY2019 earnings at $0.53 EPS, FY2020 earnings at $0.69 EPS and FY2021 earnings at $0.76 EPS.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Tuesday, May 15th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.04). The business had revenue of $408.00 million for the quarter, compared to the consensus estimate of $405.97 million. National Vision’s revenue was up 10.3% compared to the same quarter last year.

EYE has been the subject of a number of other reports. Wells Fargo restated a “buy” rating and set a $45.00 price target (up from $37.00) on shares of National Vision in a report on Thursday, January 18th. Guggenheim restated a “buy” rating and set a $46.00 price target on shares of National Vision in a report on Tuesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. National Vision has a consensus rating of “Buy” and an average price target of $36.29.

EYE stock opened at $34.61 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.99 and a quick ratio of 0.34. National Vision has a 52-week low of $32.00 and a 52-week high of $33.46. The stock has a market cap of $2.54 billion and a price-to-earnings ratio of 65.30.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE bought a new stake in shares of National Vision in the fourth quarter valued at about $134,000. SG Americas Securities LLC bought a new stake in shares of National Vision in the fourth quarter valued at about $145,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of National Vision in the fourth quarter valued at about $158,000. Strs Ohio bought a new stake in shares of National Vision in the fourth quarter valued at about $215,000. Finally, Engineers Gate Manager LP bought a new stake in shares of National Vision in the first quarter valued at about $267,000. Institutional investors and hedge funds own 97.74% of the company’s stock.

In related news, major shareholder Berkshire Partners Holdings Ll sold 338,031 shares of the stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total value of $10,708,822.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mitchell Goodman sold 7,166 shares of the stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $31.68, for a total transaction of $227,018.88. The disclosure for this sale can be found here. Insiders have sold 11,870,180 shares of company stock valued at $376,047,302 over the last 90 days. Corporate insiders own 2.82% 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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