Endava PLC – (NYSE:DAVA) Expected to Announce Quarterly Sales of $99.48 Million

Brokerages expect that Endava PLC – (NYSE:DAVA) will report sales of $99.48 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Endava’s earnings, with the highest sales estimate coming in at $107.03 million and the lowest estimate coming in at $91.92 million. Endava reported sales of $92.41 million in the same quarter last year, which would suggest 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 fiscal year, analysts anticipate that the firm will post sales of $496.41 million, with estimates ranging from $457.55 million to $535.26 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Endava.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Wednesday, September 25th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $98.49 million for the quarter, compared to analyst estimates of $95.66 million. Endava had a net margin of 11.93% and a return on equity of 28.69%.

DAVA has been the topic of several analyst reports. Susquehanna Bancshares initiated coverage on shares of Endava in a research report on Tuesday, October 22nd. They set a “positive” rating and a $48.00 price target on the stock. Needham & Company LLC upped their price objective on Endava from $50.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday. Deutsche Bank increased their price objective on Endava from $36.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. ValuEngine cut Endava from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Endava from a “sell” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Endava presently has a consensus rating of “Hold” and an average price target of $44.78.

Several large investors have recently bought and sold shares of DAVA. Renaissance Technologies LLC acquired a new position in Endava in the 2nd quarter valued at about $4,060,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Endava in the second quarter valued at approximately $270,000. SG Americas Securities LLC grew its holdings in shares of Endava by 111.8% in the third quarter. SG Americas Securities LLC now owns 62,960 shares of the company’s stock valued at $2,383,000 after purchasing an additional 33,232 shares in the last quarter. AXA grew its holdings in shares of Endava by 46.5% in the second quarter. AXA now owns 311,169 shares of the company’s stock valued at $12,521,000 after purchasing an additional 98,792 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in Endava during the 2nd quarter worth approximately $46,000. 27.86% of the stock is owned by hedge funds and other institutional investors.

Shares of DAVA traded down $0.20 during midday trading on Friday, reaching $46.01. The company had a trading volume of 4,360 shares, compared to its average volume of 125,910. Endava has a 1-year low of $21.42 and a 1-year high of $48.00. The stock has a market cap of $2.53 billion, a PE ratio of 46.04, a price-to-earnings-growth ratio of 2.63 and a beta of 0.80. The firm has a 50 day simple moving average of $42.69 and a 200-day simple moving average of $39.02. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.16.

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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Earnings History and Estimates for Endava (NYSE:DAVA)

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