Driven Brands (DRVN) to Release Earnings on Thursday

Driven Brands (NASDAQ:DRVN) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Driven Brands to post earnings of $0.17 per share and revenue of $572.95 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Driven Brands Trading Down 0.9 %

Shares of DRVN opened at $15.40 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. Driven Brands has a 12-month low of $10.59 and a 12-month high of $17.45. The firm has a 50-day moving average price of $16.12 and a 200 day moving average price of $15.31. The firm has a market capitalization of $2.53 billion, a P/E ratio of 385.00, a P/E/G ratio of 0.84 and a beta of 1.15.

Wall Street Analyst Weigh In

A number of research firms have commented on DRVN. Royal Bank of Canada increased their price target on shares of Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on shares of Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company 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.