Endava (NYSE:DAVA) Issues FY 2020 IntraDay Earnings Guidance

Endava (NYSE:DAVA) issued an update on its FY 2020
IntraDay earnings guidance on Thursday morning. The company provided EPS guidance of 1.18-1.19 for the period. The company issued revenue guidance of $443.867-445.148 million.Endava also updated its Q4 guidance to GBP 0.15-0.16 EPS.

NYSE:DAVA traded up $0.60 during mid-day trading on Thursday, hitting $48.35. The stock had a trading volume of 2,196 shares, compared to its average volume of 143,919. The stock has a 50-day simple moving average of $40.84 and a two-hundred day simple moving average of $44.54. The company has a market capitalization of $2.53 billion, a PE ratio of 139.40, a PEG ratio of 5.70 and a beta of 1.23. Endava has a twelve month low of $27.21 and a twelve month high of $56.76. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21.

Several brokerages have commented on DAVA. Citigroup dropped their price target on shares of Endava from $56.00 to $44.00 and set a neutral rating on the stock in a research note on Wednesday, April 29th. ValuEngine upgraded shares of Endava from a sell rating to a hold rating in a research note on Tuesday, March 3rd. Zacks Investment Research upgraded shares of Endava from a sell rating to a hold rating in a research note on Tuesday, May 5th. Needham & Company LLC dropped their price target on shares of Endava from $62.00 to $40.00 and set a buy rating on the stock in a research note on Friday, March 20th. Finally, Cantor Fitzgerald increased their price target on shares of Endava from $46.00 to $56.00 and gave the company a neutral rating in a research note on Friday, February 14th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $46.03.

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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