Endava (NYSE:DAVA) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.24-1.30 for the period. The company issued revenue guidance of $457.19-462.43 million, compared to the consensus revenue estimate of $518.52 million.Endava also updated its FY20 guidance to 0.95-0.99 EPS.

Shares of DAVA stock traded down $1.66 during trading hours on Friday, hitting $53.32. 251,900 shares of the company were exchanged, compared to its average volume of 119,097. The firm has a fifty day simple moving average of $47.07 and a 200 day simple moving average of $42.31. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.16. Endava has a 52-week low of $23.51 and a 52-week high of $55.50. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 64.24, a P/E/G ratio of 2.67 and a beta of 0.77.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.10. Endava had a net margin of 11.93% and a return on equity of 28.69%. The company had revenue of $85.90 million during the quarter, compared to analyst estimates of $83.00 million. During the same quarter last year, the business posted $0.20 EPS. Endava’s quarterly revenue was up 19.6% compared to the same quarter last year. Sell-side analysts anticipate that Endava will post 0.91 EPS for the current year.

A number of research analysts recently weighed in on DAVA shares. Cantor Fitzgerald lifted their price objective on shares of Endava from $46.00 to $56.00 and gave the company a neutral rating in a research note on Friday. Zacks Investment Research lowered shares of Endava from a buy rating to a hold rating in a research note on Wednesday, January 22nd. Citigroup lifted their price objective on shares of Endava from $45.00 to $50.00 and gave the company a neutral rating in a research note on Wednesday, January 15th. Needham & Company LLC lifted their price objective on shares of Endava from $53.00 to $62.00 and gave the company a buy rating in a research note on Thursday. Finally, Susquehanna Bancshares started coverage on shares of Endava in a research note on Tuesday, October 22nd. They issued a positive rating and a $48.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Endava presently has a consensus rating of Hold and an average price target of $48.16.

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.

Recommended Story: How prevalent are 12b-1 fees?

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.