National Vision Holdings Inc (EYE) released its first quarter results on Thursday, May 13, 2021. The company reported net earnings of $0.45 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 282 percent compared to the same period a year ago.
National Vision Holdings, Inc. was founded in 1990 and is headquartered in Duluth, Georgia. 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.
National Vision Holdings' revenue increased 3 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 57.94% for the first quarter compared to the same period in the previous year, and operating margins increased to 11.5% over the same period. Net earnings for past trailing twelve months were $69.97 million, up 179% from the prior year.
Moving on to the balance sheet, National Vision Holdings' cash levels jumped 72% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 18.95% this past year. The current ratio for National Vision Holdings now stands at 1.83. The company increased shares outstanding by 1.38%.
Shares of EYE are currently trading around $49.94. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 72.02 and price to book ratio of 5.4.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, May 15, 2021.