Equities analysts expect Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Rating) to post sales of $486.03 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Driven Brands’ earnings. The lowest sales estimate is $469.10 million and the highest is $518.70 million. Driven Brands posted sales of $374.83 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The business is scheduled to announce its next earnings results on Monday, January 1st.
On average, analysts expect that Driven Brands will report full year sales of $1.95 billion for the current financial year, with estimates ranging from $1.91 billion to $1.98 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.16 billion, with estimates ranging from $2.12 billion to $2.19 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Driven Brands.
Driven Brands (NASDAQ:DRVN – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.06. The business 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 9.59% and a net margin of 3.99%. The business’s revenue was up 42.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Driven Brands by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,575,425 shares of the company’s stock valued at $120,243,000 after purchasing an additional 33,590 shares during the period. JPMorgan Chase & Co. boosted its stake in Driven Brands by 17.1% during the first quarter. JPMorgan Chase & Co. now owns 4,398,461 shares of the company’s stock valued at $115,592,000 after buying an additional 641,522 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Driven Brands by 0.5% during the fourth quarter. Alliancebernstein L.P. now owns 4,065,304 shares of the company’s stock valued at $136,676,000 after buying an additional 20,782 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Driven Brands by 1.1% during the first quarter. Neuberger Berman Group LLC now owns 3,961,346 shares of the company’s stock valued at $104,104,000 after buying an additional 42,550 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its stake in Driven Brands by 63.2% during the third quarter. Bain Capital Public Equity Management II LLC now owns 3,745,089 shares of the company’s stock valued at $108,196,000 after buying an additional 1,450,954 shares in the last quarter. 74.43% of the stock is currently owned by institutional investors.
DRVN stock opened at $26.33 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.15 and a debt-to-equity ratio of 1.41. The firm has a market cap of $4.41 billion, a P/E ratio of 72.76, a P/E/G ratio of 1.66 and a beta of 0.51. Driven Brands has a 12-month low of $24.62 and a 12-month high of $34.62. The stock’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $29.32.
Driven Brands Company Profile (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.
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