Veeva Systems Inc. (VEEV) Set to Announce Earnings on Thursday
Veeva Systems Inc. (NYSE:VEEV) is set to release its earnings data after the market closes on Thursday, August 24th. Analysts expect Veeva Systems to post earnings of $0.20 per share for the quarter. Veeva Systems has set its Q2 guidance at $0.20 EPS and its FY18 guidance at $0.82 EPS.
Veeva Systems (NYSE:VEEV) last released its earnings results on Thursday, May 25th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.04. Veeva Systems had a net margin of 15.86% and a return on equity of 12.28%. The firm had revenue of $157.90 million during the quarter, compared to the consensus estimate of $151.82 million. During the same period in the prior year, the business posted $0.15 earnings per share. Veeva Systems’s quarterly revenue was up 31.8% compared to the same quarter last year. On average, analysts expect Veeva Systems to post $0.83 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Veeva Systems Inc. (NYSE:VEEV) opened at 63.77 on Thursday. The company has a 50 day moving average of $62.89 and a 200 day moving average of $55.14. The company has a market capitalization of $8.91 billion, a PE ratio of 102.69 and a beta of 1.63. Veeva Systems Inc. has a 1-year low of $36.55 and a 1-year high of $68.07.
In other news, SVP Jonathan Faddis sold 34,065 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $66.67, for a total transaction of $2,271,113.55. Following the completion of the sale, the senior vice president now directly owns 35,139 shares of the company’s stock, valued at approximately $2,342,717.13. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alan Mateo sold 1,181 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $65.06, for a total value of $76,835.86. Following the sale, the executive vice president now directly owns 7,420 shares of the company’s stock, valued at $482,745.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,958 shares of company stock valued at $17,821,591. Insiders own 17.50% of the company’s stock.
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A number of equities research analysts recently commented on the company. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price target (up from $48.00) on shares of Veeva Systems in a research report on Friday, May 26th. Stifel Nicolaus increased their price target on Veeva Systems from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Saturday, May 27th. Deutsche Bank AG reissued a “hold” rating and issued a $55.00 price target on shares of Veeva Systems in a research report on Tuesday, May 30th. Pacific Crest reissued an “overweight” rating and issued a $70.00 price target (up from $61.00) on shares of Veeva Systems in a research report on Sunday, May 28th. Finally, BidaskClub lowered Veeva Systems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $62.00.
About Veeva Systems
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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