Driven Brands (DRVN) Expected to Announce Quarterly Earnings on Tuesday

Driven Brands (NASDAQ:DRVN - Get Free Report) is anticipated to release its earnings data 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 Performance

DRVN traded down $0.22 during trading hours on Friday, hitting $14.92. 822,502 shares of the stock were exchanged, compared to its average volume of 428,075. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 373.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.15. The stock has a 50-day simple moving average of $16.04 and a 200-day simple moving average of $15.32. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a 12 month low of $10.59 and a 12 month high of $17.45.

Wall Street Analysts Forecast Growth

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

About Driven Brands

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.