Veeva Systems Inc (VEEV) Expected to Announce Earnings of $0.25 Per Share
Equities research analysts predict that Veeva Systems Inc (NYSE:VEEV) will announce $0.25 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Veeva Systems’ earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.31. Veeva Systems reported earnings per share of $0.22 in the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The company is expected to issue its next quarterly earnings results on Thursday, May 24th.
On average, analysts expect that Veeva Systems will report full year earnings of $1.08 per share for the current year, with EPS estimates ranging from $0.99 to $1.32. For the next financial year, analysts forecast that the firm will report earnings of $1.31 per share, with EPS estimates ranging from $1.16 to $1.57. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Veeva Systems.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The business had revenue of $176.10 million for the quarter, compared to analysts’ expectations of $171.99 million. Veeva Systems had a net margin of 20.71% and a return on equity of 12.30%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $0.22 earnings per share.
Veeva Systems (VEEV) traded up $3.01 during midday trading on Monday, hitting $76.78. 1,957,193 shares of the company’s stock were exchanged, compared to its average volume of 1,209,509. The company has a market capitalization of $10,426.87, a PE ratio of 82.74, a PEG ratio of 5.83 and a beta of 1.46. Veeva Systems has a 12-month low of $43.49 and a 12-month high of $77.19.
In related news, EVP Alan Mateo sold 701 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $58.85, for a total value of $41,253.85. Following the sale, the executive vice president now owns 9,512 shares of the company’s stock, valued at $559,781.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ronald E. F. Codd sold 2,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $57.07, for a total transaction of $114,140.00. Following the completion of the sale, the director now directly owns 9,978 shares in the company, valued at approximately $569,444.46. The disclosure for this sale can be found here. In the last three months, insiders sold 169,169 shares of company stock worth $9,693,868. 17.50% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of VEEV. New York State Common Retirement Fund lifted its holdings in Veeva Systems by 2.2% in the third quarter. New York State Common Retirement Fund now owns 1,619,820 shares of the technology company’s stock valued at $91,374,000 after buying an additional 35,073 shares during the period. Fred Alger Management Inc. lifted its holdings in Veeva Systems by 9.1% in the fourth quarter. Fred Alger Management Inc. now owns 1,024,930 shares of the technology company’s stock valued at $56,658,000 after buying an additional 85,781 shares during the period. OppenheimerFunds Inc. lifted its holdings in Veeva Systems by 1.7% in the fourth quarter. OppenheimerFunds Inc. now owns 708,052 shares of the technology company’s stock valued at $39,141,000 after buying an additional 11,851 shares during the period. Bank of New York Mellon Corp lifted its holdings in Veeva Systems by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 638,077 shares of the technology company’s stock valued at $35,273,000 after buying an additional 4,568 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Veeva Systems by 80.7% in the fourth quarter. Renaissance Technologies LLC now owns 635,200 shares of the technology company’s stock valued at $35,114,000 after buying an additional 283,688 shares during the period. 72.66% of the stock is currently owned by institutional investors.
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Veeva Systems Company Profile
Veeva Systems Inc (Veeva) is a provider of cloud-based software solutions for the global life sciences industry. The Company offers solutions for a range of requirements within life sciences companies, including multichannel customer relationship management, regulated content and information management, master data management and customer data.
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