Wall Street analysts forecast that Endava PLC – (NYSE:DAVA) will announce $99.48 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Endava’s earnings. The highest sales estimate is $107.03 million and the lowest is $91.92 million. Endava posted sales of $92.41 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 27th.
On average, analysts expect that Endava will report full-year sales of $410.34 million for the current fiscal year, with estimates ranging from $379.27 million to $441.40 million. For the next financial year, analysts anticipate that the company will report sales of $496.41 million, with estimates ranging from $457.55 million to $535.26 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Endava.
Endava (NYSE:DAVA) last announced its quarterly earnings results on Wednesday, September 25th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.04. Endava had a return on equity of 28.69% and a net margin of 11.93%. The business had revenue of $98.49 million during the quarter, compared to the consensus estimate of $95.66 million.
DAVA has been the topic of a number of analyst reports. Citigroup lowered their target price on shares of Endava from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Zacks Investment Research raised shares of Endava from a “sell” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Tuesday, November 26th. Needham & Company LLC raised their price objective on shares of Endava from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday. ValuEngine cut shares of Endava from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Cantor Fitzgerald upped their target price on shares of Endava from $39.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $44.78.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DAVA. Panagora Asset Management Inc. bought a new position in shares of Endava during the second quarter valued at $46,000. Pendal Group Ltd boosted its stake in Endava by 11.4% during the 2nd quarter. Pendal Group Ltd now owns 19,566 shares of the company’s stock valued at $787,000 after purchasing an additional 2,000 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Endava by 46.6% in the 2nd quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock worth $297,000 after purchasing an additional 2,348 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Endava in the third quarter worth $97,000. Finally, Flinton Capital Management LLC lifted its holdings in shares of Endava by 6.8% during the second quarter. Flinton Capital Management LLC now owns 44,688 shares of the company’s stock valued at $1,798,000 after purchasing an additional 2,832 shares in the last quarter. Institutional investors own 27.86% of the company’s stock.
Shares of Endava stock traded down $0.20 on Friday, reaching $46.01. 4,360 shares of the company traded hands, compared to its average volume of 125,910. The company has a 50 day moving average of $42.69 and a 200 day moving average of $39.02. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 2.43. Endava has a 52 week low of $21.42 and a 52 week high of $48.00. The firm has a market capitalization of $2.53 billion, a PE ratio of 46.04, a PEG ratio of 2.63 and a beta of 0.80.
Endava Company Profile
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
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