Brokers Set Expectations for New Look Vision Group Inc’s FY2021 Earnings (TSE:BCI)

New Look Vision Group Inc (TSE:BCI) – Analysts at Cormark lowered their FY2021 earnings per share estimates for shares of New Look Vision Group in a research report issued to clients and investors on Tuesday, March 24th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $1.53 for the year, down from their previous estimate of $1.74.

Separately, National Bank Financial reduced their target price on New Look Vision Group from C$40.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday.

BCI stock opened at C$25.20 on Thursday. The business’s 50-day moving average price is C$30.84 and its two-hundred day moving average price is C$32.06. The company has a current ratio of 1.16, a quick ratio of 0.42 and a debt-to-equity ratio of 99.09. The firm has a market cap of $394.63 million and a PE ratio of 23.35. New Look Vision Group has a 1-year low of C$23.97 and a 1-year high of C$35.40.

About New Look Vision Group

New Look Vision Group Inc provides eye care products and services in Canada. The company offers prescription eyewear and non-prescription eyewear; contact lenses; sunglasses, protective eyewear, and reading glasses; and accessories, such as cleaning products for eyeglasses and contact lenses. As of March 18, 2019, it operated a network of 373 stores, including 204 stores in Quebec, 47 stores in British Columbia, 37 stores in Ontario, 25 stores in New Brunswick, 22 stores in Nova Scotia, 13 stores in Newfoundland & Labrador, 7 stores in Prince Edward Island, and 2 stores in Saskatchewan primarily under the New Look Eyewear, Vogue Optical, Greiche & Scaff, and Iris banners.

Further Reading: What does a market perform rating mean?

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