Endava (DAVA) to Release Quarterly Earnings on Thursday

Endava (NYSE:DAVA) is anticipated to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $197.33 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Endava Stock Performance

Shares of DAVA stock opened at $32.83 on Wednesday. Endava has a 12-month low of $23.28 and a 12-month high of $68.58. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 234.50, a price-to-earnings-growth ratio of 2.69 and a beta of 1.22. The business has a 50 day simple moving average of $31.71 and a 200 day simple moving average of $29.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Analyst Upgrades and Downgrades

DAVA has been the subject of a number of recent analyst reports. TD Cowen increased their price objective on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Morgan Stanley increased their price objective on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Bank of America initiated coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective for the company. Needham & Company LLC increased their price objective on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Citigroup decreased their price target on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.01.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.