Driven Brands (DRVN) Projected to Post Quarterly Earnings on Tuesday

Driven Brands (NASDAQ:DRVN) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Driven Brands to post earnings of $0.17 per share and revenue of $572.95 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Driven Brands Stock Down 1.5 %

Shares of Driven Brands stock opened at $14.92 on Monday. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.45. The business has a 50-day moving average of $16.04 and a two-hundred day moving average of $15.35. The company has a market capitalization of $2.45 billion, a P/E ratio of 373.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada increased their price objective on Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Driven Brands presently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.