Veeva Systems Inc. (VEEV) to Release Quarterly Earnings on Monday
Veeva Systems Inc. (NYSE:VEEV) will issue its quarterly earnings data after the market closes on Monday, November 20th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Veeva Systems has set its Q3 guidance at $0.21-0.22 EPS and its FY18 guidance at $0.86-0.87 EPS.
Veeva Systems (NYSE:VEEV) last released its quarterly earnings results on Thursday, August 24th. The technology company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The company had revenue of $166.59 million for the quarter, compared to analyst estimates of $164.26 million. During the same quarter in the prior year, the firm posted $0.15 EPS. Veeva Systems’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, analysts expect Veeva Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Veeva Systems Inc. (VEEV) opened at $61.47 on Monday. Veeva Systems Inc. has a twelve month low of $39.10 and a twelve month high of $68.07. The firm has a market capitalization of $8,525.89, a price-to-earnings ratio of 104.19, a P/E/G ratio of 5.03 and a beta of 1.64.
VEEV has been the topic of several recent research reports. BidaskClub upgraded Veeva Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Veeva Systems from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. JMP Securities restated a “buy” rating and set a $70.00 price target on shares of Veeva Systems in a report on Saturday, August 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Veeva Systems in a research report on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Veeva Systems in a research report on Friday, October 13th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Veeva Systems currently has an average rating of “Buy” and a consensus price target of $65.75.
In other news, Director Gordon Ritter sold 5,100 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $54.55, for a total transaction of $278,205.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Timothy S. Cabral sold 40,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $58.82, for a total value of $2,352,800.00. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,764,600. The disclosure for this sale can be found here. Insiders sold a total of 266,700 shares of company stock worth $15,390,088 in the last ninety days. 19.17% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Veeva Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.