Wall Street brokerages expect that Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Rating) will report earnings per share (EPS) of $0.29 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Driven Brands’ earnings. The lowest EPS estimate is $0.26 and the highest is $0.36. Driven Brands reported earnings per share of $0.25 in the same quarter last year, which indicates a positive year over year growth rate of 16%. The company is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Driven Brands will report full-year earnings of $1.11 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.20. For the next fiscal year, analysts expect that the business will post earnings of $1.28 per share, with EPS estimates ranging from $1.21 to $1.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Driven Brands.
Driven Brands (NASDAQ:DRVN – Get Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $468.32 million for the quarter, compared to analyst estimates of $432.59 million. Driven Brands had a return on equity of 9.61% and a net margin of 3.99%. Driven Brands’s revenue for the quarter was up 42.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 earnings per share.
Several large investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of Driven Brands in the 1st quarter worth approximately $1,756,000. Norges Bank bought a new stake in shares of Driven Brands in the 4th quarter worth approximately $12,518,000. BlackRock Inc. raised its holdings in shares of Driven Brands by 3.9% in the 4th quarter. BlackRock Inc. now owns 2,065,720 shares of the company’s stock worth $69,448,000 after purchasing an additional 76,720 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Driven Brands by 22.7% in the 4th quarter. Wells Fargo & Company MN now owns 92,807 shares of the company’s stock worth $3,121,000 after purchasing an additional 17,180 shares in the last quarter. Finally, Franklin Street Capital Partners LLC bought a new stake in shares of Driven Brands in the 4th quarter worth approximately $337,000. 73.70% of the stock is owned by institutional investors.
NASDAQ DRVN traded down $0.85 during trading hours on Friday, hitting $27.89. The company had a trading volume of 551,626 shares, compared to its average volume of 402,376. The company has a current ratio of 1.64, a quick ratio of 1.54 and a debt-to-equity ratio of 1.43. Driven Brands has a 1-year low of $25.02 and a 1-year high of $34.62. The stock has a market cap of $4.67 billion, a P/E ratio of 75.38, a PEG ratio of 1.84 and a beta of 1.13. The firm has a 50 day moving average of $27.18.
About Driven Brands (Get Rating)
Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. The company offers various services, such as paint, collision, glass, vehicle repair, car wash, oil change, and maintenance services.
- Get a free copy of the StockNews.com research report on Driven Brands (DRVN)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Driven Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Driven Brands and related companies with MarketBeat.com's FREE daily email newsletter.