Veeva Systems (VEEV) Posts Earnings Results, Beats Expectations By $0.09 EPS
Veeva Systems (NYSE:VEEV) issued its quarterly earnings data on Tuesday. The technology company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09, Bloomberg Earnings reports. The firm had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. Veeva Systems had a return on equity of 12.77% and a net margin of 18.98%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. Veeva Systems updated its Q4 guidance to $0.21-0.22 EPS.
Veeva Systems (NYSE VEEV) traded up $0.52 during midday trading on Tuesday, hitting $57.77. The company had a trading volume of 2,117,446 shares, compared to its average volume of 1,304,216. Veeva Systems has a one year low of $40.50 and a one year high of $68.07. The company has a market capitalization of $8,247.10, a price-to-earnings ratio of 100.78, a PEG ratio of 4.87 and a beta of 1.60.
In related news, EVP Alan Mateo sold 532 shares of Veeva Systems stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $58.11, for a total transaction of $30,914.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy S. Cabral sold 8,750 shares of Veeva Systems stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $57.24, for a total value of $500,850.00. The disclosure for this sale can be found here. Insiders have sold 241,957 shares of company stock worth $14,003,133 over the last 90 days. 17.50% 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 MarketBeat.com's FREE daily email newsletter.