Endava (NYSE:DAVA) posted its quarterly earnings results on Tuesday. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07, MarketWatch Earnings reports. The firm had revenue of $90.50 million during the quarter, compared to the consensus estimate of $86.84 million. Endava had a net margin of 6.85% and a return on equity of 13.83%. The business’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. Endava updated its Q1 2021
Pre-Market guidance to 0.28-0.29 EPS and its Q1 guidance to EUR 0.21-0.22 EPS.
Endava stock traded up $1.57 during midday trading on Tuesday, hitting $56.75. 345,332 shares of the stock were exchanged, compared to its average volume of 163,643. Endava has a 52-week low of $27.21 and a 52-week high of $58.64. The company has a quick ratio of 2.08, a current ratio of 2.09 and a debt-to-equity ratio of 0.19. The business’s 50-day moving average price is $53.45 and its 200-day moving average price is $47.16. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 109.14, a price-to-earnings-growth ratio of 3.10 and a beta of 1.16.
A number of equities research analysts have commented on DAVA shares. Citigroup raised their price objective on Endava from $49.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, July 17th. Zacks Investment Research upgraded shares of Endava from a “sell” rating to a “hold” rating in a research note on Tuesday, July 21st. William Blair reaffirmed an “outperform” rating on shares of Endava in a research note on Monday, August 17th. Wedbush initiated coverage on shares of Endava in a research report on Tuesday, May 26th. They set an “outperform” rating and a $60.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Endava in a research report on Monday, June 15th. They issued an “equal weight” rating and a $54.00 price target on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Endava presently has a consensus rating of “Hold” and an average target price of $54.75.
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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