Zacks: Analysts Expect Endava PLC – (NYSE:DAVA) to Announce $0.27 EPS

Analysts expect that Endava PLC – (NYSE:DAVA) will announce earnings of $0.27 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Endava’s earnings. Endava reported earnings per share of $0.26 during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is expected to report its next quarterly earnings results on Thursday, February 27th.

According to Zacks, analysts expect that Endava will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.09 to $1.15. For the next fiscal year, analysts anticipate that the company will post earnings of $1.23 per share, with EPS estimates ranging from $1.04 to $1.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 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, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.04. The firm had revenue of $98.49 million during the quarter, compared to the consensus estimate of $95.66 million. Endava had a net margin of 11.93% and a return on equity of 28.69%.

DAVA has been the subject of a number of recent analyst reports. Deutsche Bank lifted their target price on shares of Endava from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Cantor Fitzgerald boosted their price target on Endava from $39.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Citigroup cut their price objective on Endava from $44.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, September 27th. Needham & Company LLC raised their price objective on Endava from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Susquehanna Bancshares began coverage on Endava in a report on Tuesday, October 22nd. They set a “positive” rating and a $48.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.78.

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

Several hedge funds have recently modified their holdings of DAVA. Panagora Asset Management Inc. purchased a new position in shares of Endava during the 2nd quarter valued at approximately $46,000. Public Employees Retirement System of Ohio purchased a new stake in Endava in the 3rd quarter worth $97,000. Ellington Management Group LLC acquired a new position in Endava during the second quarter worth $209,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Endava during the second quarter worth $270,000. Finally, Canada Pension Plan Investment Board purchased a new position in Endava during the second quarter valued at $287,000. 27.86% of the stock is owned by institutional investors and hedge funds.

About Endava

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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