Shares of Drive Shack Inc (NYSE:DS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $7.00 for the company and are anticipating that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Drive Shack an industry rank of 175 out of 256 based on the ratings given to its competitors.
Several research analysts have recently weighed in on DS shares. Imperial Capital upgraded shares of Drive Shack from an “in-line” rating to an “outperform” rating and upped their price target for the company from $5.00 to $7.00 in a report on Monday, March 18th. ValuEngine cut shares of Drive Shack from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research raised shares of Drive Shack from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research report on Wednesday, March 20th.
Shares of Drive Shack stock traded up $0.03 on Friday, hitting $4.69. The company had a trading volume of 475,373 shares, compared to its average volume of 147,302. The company has a market capitalization of $314.37 million, a price-to-earnings ratio of -10.91 and a beta of 1.35. Drive Shack has a twelve month low of $3.55 and a twelve month high of $8.03. The company has a debt-to-equity ratio of 5.39, a current ratio of 2.94 and a quick ratio of 2.94. The company has a 50-day simple moving average of $4.77.
Drive Shack (NYSE:DS) last released its quarterly earnings results on Friday, May 10th. The real estate investment trust reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.02). The company had revenue of $53.95 million during the quarter, compared to analyst estimates of $55.13 million. Drive Shack had a negative net margin of 12.26% and a negative return on equity of 39.60%. As a group, equities analysts predict that Drive Shack will post -0.28 EPS for the current fiscal year.
Drive Shack Company Profile
Drive Shack Inc owns and operates golf-related leisure and entertainment businesses. Its Entertainment Golf Venues segment operates an entertainment golf venue in Orlando, Florida. This segment also focuses on opening a chain of dining and entertainment golf venues in the United States and internationally, which combine golf, competition, dining, and fun.
Read More: CBOE Russell 2000® Volatility Index
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Drive Shack Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Drive Shack and related companies with MarketBeat.com's FREE daily email newsletter.