National Vision Holdings, Inc. (NASDAQ:EYE) announced its quarterly earnings on Wednesday, reporting earnings per share of $0.13 for the period. This figure surpasses analysts’ expectations, which had predicted earnings of $0.12 per share. The company’s revenue reached $487.33 million, exceeding analyst forecasts of $472.98 million and reflecting a 7.9% increase compared to the same quarter last year.
The firm also reported a positive return on equity of 3.58%, although it experienced a slight net margin decline of 0.12%. National Vision has adjusted its fiscal year 2025 guidance to reflect anticipated earnings per share between $0.620 and $0.700, indicating confidence in continued growth.
Stock Performance and Insider Transactions
During midday trading on Friday, shares of National Vision rose by $0.65, reaching $24.13. Trading volume was notable, with 2,018,850 shares exchanged compared to an average of 1,916,908. The company currently boasts a market capitalization of $1.91 billion and a price-to-earnings ratio of -804.07. The stock has seen a 12-month low of $9.93 and a high of $29.59.
In a separate development, Chairman L Reade Fahs sold 137,400 shares of the company on August 28, 2023, at an average price of $24.33. The total transaction value was approximately $3.34 million. Following this sale, Fahs’ ownership decreased by 20.14%, leaving him with 544,795 shares valued at around $13.25 million. Currently, corporate insiders hold 2.70% of the company’s stock.
Analyst Ratings and Market Outlook
Recent commentary from equities analysts reflects a cautious outlook for National Vision. Weiss Ratings maintained a “sell (d-)” rating on the shares, while Wells Fargo & Company assigned a price target of $27.00 with an “equal weight” rating. The Goldman Sachs Group raised its price objective from $17.00 to $22.00, issuing a “neutral” rating.
Roth Capital has initiated coverage on National Vision with a “buy” rating and a target price of $36.00. Barclays revised their price target down from $30.00 to $28.00, maintaining an “overweight” rating. Overall, six analysts have rated the stock as a Buy, four have assigned a Hold rating, and one has issued a Sell rating. According to MarketBeat.com, the current consensus rating for National Vision is “Hold,” with a consensus price target of $24.91.
National Vision operates as an optical retailer in the United States, offering a variety of products including eyeglasses and contact lenses. Its services are provided through various brands such as America’s Best and Eyeglass World. The company continues to adapt to market demands, positioning itself for future growth in the optical retail sector.
