Equities analysts expect Endava PLC – (NYSE:DAVA) to announce earnings of $0.23 per share for the current quarter, Zacks reports. Three analysts have made estimates for Endava’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.21. Endava reported earnings per share of $0.20 in the same quarter last year, which would suggest a positive year-over-year growth rate of 15%. The business is expected to issue its next quarterly earnings report on Thursday, October 10th.
On average, analysts expect that Endava will report full-year earnings of $0.95 per share for the current year, with EPS estimates ranging from $0.91 to $0.96. For the next year, analysts anticipate that the firm will post earnings of $1.08 per share, with EPS estimates ranging from $1.03 to $1.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Endava.
Endava (NYSE:DAVA) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Endava had a net margin of 9.59% and a return on equity of 30.34%. The firm had revenue of $73.06 million for the quarter, compared to the consensus estimate of $71.82 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis.
DAVA has been the topic of a number of research analyst reports. KeyCorp initiated coverage on shares of Endava in a research report on Thursday, June 6th. They set a “sector weight” rating and a $38.26 price objective on the stock. Morgan Stanley boosted their price objective on shares of Endava from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 22nd. Zacks Investment Research downgraded shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, ValuEngine raised shares of Endava from a “hold” rating to a “buy” rating in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Endava currently has a consensus rating of “Hold” and an average price target of $31.32.
DAVA traded down $0.15 on Tuesday, reaching $36.92. 17,700 shares of the company traded hands, compared to its average volume of 90,488. The business has a 50 day moving average price of $38.98. Endava has a 52-week low of $21.13 and a 52-week high of $43.93. The stock has a market cap of $2.00 billion and a P/E ratio of 52.00.
Hedge funds have recently bought and sold shares of the business. Panagora Asset Management Inc. acquired a new stake in shares of Endava during the second quarter worth $46,000. Marshall Wace North America L.P. acquired a new position in Endava in the first quarter valued at about $162,000. Canada Pension Plan Investment Board acquired a new position in Endava in the second quarter valued at about $287,000. Northern Trust Corp raised its stake in Endava by 46.6% in the second quarter. Northern Trust Corp now owns 7,383 shares of the company’s stock valued at $297,000 after purchasing an additional 2,348 shares in the last quarter. Finally, Pendal Group Ltd raised its stake in Endava by 19.4% in the first quarter. Pendal Group Ltd now owns 17,566 shares of the company’s stock valued at $483,000 after purchasing an additional 2,856 shares in the last quarter. 13.96% of the stock is owned by institutional investors.
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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