$114.65 Million in Sales Expected for Endava PLC – (NYSE:DAVA) This Quarter

Equities analysts expect Endava PLC – (NYSE:DAVA) to report sales of $114.65 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Endava’s earnings. The highest sales estimate is $121.68 million and the lowest is $93.91 million. Endava posted sales of $101.53 million in the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 17th.

On average, analysts expect that Endava will report full-year sales of $519.67 million for the current year, with estimates ranging from $421.72 million to $550.67 million. For the next fiscal year, analysts forecast that the firm will post sales of $634.61 million, with estimates ranging from $507.75 million to $684.41 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Endava.

Endava (NYSE:DAVA) last released its earnings results on Tuesday, September 15th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.07. The company had revenue of $90.50 million during the quarter, compared to the consensus estimate of $86.84 million. Endava had a net margin of 6.85% and a return on equity of 13.83%. The company’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS.

DAVA has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, September 16th. Needham & Company LLC boosted their target price on shares of Endava from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Morgan Stanley boosted their target price on shares of Endava from $54.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 16th. Susquehanna Bancshares boosted their target price on shares of Endava from $58.00 to $68.00 in a research note on Wednesday, September 16th. Finally, Deutsche Bank boosted their target price on shares of Endava from $56.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.50.

Hedge funds have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its holdings in shares of Endava by 17.2% during the second quarter. Federated Hermes Inc. now owns 486,374 shares of the company’s stock valued at $23,492,000 after acquiring an additional 71,226 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Endava during the first quarter valued at approximately $3,807,000. Wells Fargo & Company MN raised its holdings in shares of Endava by 13.1% during the first quarter. Wells Fargo & Company MN now owns 394,953 shares of the company’s stock valued at $13,886,000 after acquiring an additional 45,807 shares during the period. Engineers Gate Manager LP acquired a new stake in shares of Endava during the first quarter valued at approximately $259,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Endava by 113.4% during the first quarter. Two Sigma Advisers LP now owns 49,300 shares of the company’s stock valued at $1,733,000 after acquiring an additional 26,200 shares during the period. 36.87% of the stock is owned by institutional investors and hedge funds.

Shares of DAVA traded up $0.64 during midday trading on Tuesday, hitting $60.96. The company had a trading volume of 233,710 shares, compared to its average volume of 166,161. The company’s 50 day moving average price is $55.28 and its 200 day moving average price is $47.65. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 117.23, a PEG ratio of 3.22 and a beta of 1.16. Endava has a 52 week low of $27.21 and a 52 week high of $61.07. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.19.

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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