FY2018 Earnings Estimate for National Vision Holdings Inc (EYE) Issued By Jefferies Financial Group
National Vision Holdings Inc (NASDAQ:EYE) – Investment analysts at Jefferies Financial Group dropped their FY2018 earnings per share estimates for National Vision in a report issued on Wednesday, November 14th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings of $0.54 per share for the year, down from their prior estimate of $0.67. Jefferies Financial Group currently has a “Buy” rating and a $48.00 price target on the stock. Jefferies Financial Group also issued estimates for National Vision’s Q4 2018 earnings at ($0.11) EPS, Q1 2019 earnings at $0.37 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.08 EPS, Q4 2019 earnings at $0.02 EPS and FY2019 earnings at $0.70 EPS.
Other research analysts have also issued reports about the company. Citigroup lifted their target price on National Vision from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research raised National Vision from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, August 1st. Barclays started coverage on National Vision in a report on Tuesday, October 2nd. They set an “equal weight” rating and a $50.00 target price on the stock. Bank of America lifted their target price on National Vision from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, August 15th. Finally, William Blair started coverage on National Vision in a report on Wednesday, October 3rd. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $44.60.
National Vision (NASDAQ:EYE) last released its earnings results on Tuesday, November 13th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $387.40 million for the quarter, compared to analyst estimates of $374.81 million. National Vision had a return on equity of 7.18% and a net margin of 4.83%. National Vision’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its position in National Vision by 24.5% during the 2nd quarter. Wells Fargo & Company MN now owns 331,378 shares of the company’s stock worth $12,119,000 after acquiring an additional 65,252 shares during the period. Handelsbanken Fonder AB acquired a new stake in shares of National Vision during the 3rd quarter valued at about $13,091,000. Legal & General Group Plc lifted its holdings in shares of National Vision by 390.2% during the 1st quarter. Legal & General Group Plc now owns 22,249 shares of the company’s stock valued at $719,000 after buying an additional 17,710 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of National Vision by 9.1% during the 2nd quarter. Bank of America Corp DE now owns 122,806 shares of the company’s stock valued at $4,491,000 after buying an additional 10,232 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of National Vision during the 2nd quarter valued at about $249,000.
In related news, CEO L Reade Fahs sold 10,000 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $44.21, for a total value of $442,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Vaught sold 26,477 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $43.32, for a total value of $1,146,983.64. The disclosure for this sale can be found here. In the last quarter, insiders purchased 450 shares of company stock valued at $19,737 and sold 56,477 shares valued at $2,470,984. Company 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.
Further Reading: Cost of Capital Explained
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