Veeva Systems (NYSE:VEEV) is set to post its quarterly earnings results after the market closes on Tuesday, March 2nd. Analysts expect Veeva Systems to post earnings of $0.45 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Veeva Systems (NYSE:VEEV) last announced its quarterly earnings data on Monday, November 30th. The technology company reported $0.78 EPS for the quarter, beating the Zacks' consensus estimate of $0.68 by $0.10. Veeva Systems had a net margin of 24.88% and a return on equity of 15.73%. The firm had revenue of $377.52 million for the quarter, compared to the consensus estimate of $361.86 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm's revenue was up 34.4% on a year-over-year basis. On average, analysts expect Veeva Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of VEEV opened at $293.11 on Tuesday. The company's 50 day moving average price is $291.61 and its 200 day moving average price is $279.86. Veeva Systems has a 52 week low of $118.11 and a 52 week high of $325.54. The company has a market capitalization of $44.40 billion, a PE ratio of 136.97, a PEG ratio of 9.41 and a beta of 0.84.
A number of brokerages recently commented on VEEV. Needham & Company LLC boosted their price objective on shares of Veeva Systems from $310.00 to $327.00 and gave the company a "buy" rating in a research report on Wednesday, December 2nd. DA Davidson reaffirmed a "buy" rating on shares of Veeva Systems in a research report on Wednesday, December 2nd. JPMorgan Chase & Co. downgraded shares of Veeva Systems from a "neutral" rating to an "underweight" rating and set a $297.00 price objective on the stock. in a research report on Wednesday, December 9th. Piper Sandler lifted their target price on shares of Veeva Systems from $310.00 to $340.00 in a research note on Monday, January 11th. Finally, Morgan Stanley lifted their target price on shares of Veeva Systems from $323.00 to $332.00 and gave the company an "overweight" rating in a research note on Wednesday, December 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company's stock. The stock currently has a consensus rating of "Buy" and a consensus target price of $290.96.
In other Veeva Systems news, EVP Alan Mateo sold 2,666 shares of the business's stock in a transaction on Friday, February 5th. The shares were sold at an average price of $290.21, for a total value of $773,699.86. Following the sale, the executive vice president now owns 4,610 shares of the company's stock, valued at approximately $1,337,868.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Frederic Lequient sold 359 shares of the business's stock in a transaction on Friday, December 11th. The shares were sold at an average price of $265.64, for a total transaction of $95,364.76. Following the completion of the sale, the senior vice president now directly owns 387 shares in the company, valued at approximately $102,802.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,901 shares of company stock valued at $10,760,730. Corporate insiders own 14.38% of the company's stock.
About Veeva Systems
Veeva Systems Inc provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, commercial data warehouse, allocation and alignment applications, master data management application, and data and services; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety.
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