Analysts forecast that Veeva Systems Inc (NYSE:VEEV) will post $179.84 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Veeva Systems’ earnings, with the highest sales estimate coming in at $180.28 million and the lowest estimate coming in at $179.49 million. Veeva Systems posted sales of $150.15 million during the same quarter last year, which suggests a positive year-over-year growth rate of 19.8%. The company is scheduled to report its next earnings results on Tuesday, February 27th.
According to Zacks, analysts expect that Veeva Systems will report full year sales of $179.84 million for the current year, with estimates ranging from $678.78 million to $680.78 million. For the next year, analysts expect that the company will report sales of $805.31 million per share, with estimates ranging from $803.76 million to $808.09 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Veeva Systems.
Veeva Systems (NYSE:VEEV) last posted its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.09. Veeva Systems had a net margin of 19.97% and a return on equity of 12.21%. The business had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis.
Shares of Veeva Systems (NYSE:VEEV) opened at $56.64 on Tuesday. Veeva Systems has a 12 month low of $40.50 and a 12 month high of $68.07. The stock has a market cap of $7,880.00, a PE ratio of 95.02, a PEG ratio of 4.55 and a beta of 1.60.
In other Veeva Systems news, SVP Jonathan Faddis sold 37,500 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $56.38, for a total value of $2,114,250.00. Following the completion of the sale, the senior vice president now owns 39,149 shares in the company, valued at approximately $2,207,220.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gordon Ritter sold 9,600 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $61.03, for a total transaction of $585,888.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,404 shares of company stock valued at $11,747,583. 17.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in VEEV. ETF Managers Group LLC acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $101,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $102,000. C M Bidwell & Associates Ltd. increased its holdings in shares of Veeva Systems by 460.0% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,800 shares of the technology company’s stock worth $172,000 after buying an additional 2,300 shares during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in shares of Veeva Systems by 77.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,952 shares of the technology company’s stock worth $181,000 after buying an additional 1,286 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Veeva Systems during the 2nd quarter worth approximately $193,000. Institutional investors own 72.38% of the company’s stock.
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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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