Veeva Systems (NYSE:VEEV) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.30-$1.33 for the period, compared to the Thomson Reuters consensus estimate of $1.02. The company issued revenue guidance of $815-$820 million, compared to the consensus revenue estimate of $806.32 million.Veeva Systems also updated its Q1 guidance to $0.30-$0.31 EPS.
Shares of Veeva Systems (VEEV) traded down $0.03 during midday trading on Tuesday, hitting $62.07. 1,330,000 shares of the stock traded hands, compared to its average volume of 1,020,000. The company has a market cap of $8,770.00, a price-to-earnings ratio of 68.21, a PEG ratio of 6.35 and a beta of 1.66. Veeva Systems has a one year low of $41.30 and a one year high of $68.07.
Veeva Systems (NYSE:VEEV) last issued its earnings results on Tuesday, December 5th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $176.10 million for the quarter, compared to analyst estimates of $171.99 million. During the same quarter last year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. analysts predict that Veeva Systems will post 0.68 earnings per share for the current fiscal year.
In other Veeva Systems news, SVP Frederic Lequient sold 2,875 shares of Veeva Systems stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $57.32, for a total value of $164,795.00. Following the transaction, the senior vice president now owns 3,399 shares of the company’s stock, valued at $194,830.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alan Mateo sold 532 shares of Veeva Systems stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $58.11, for a total transaction of $30,914.52. Following the completion of the transaction, the executive vice president now directly owns 8,294 shares in the company, valued at approximately $481,964.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 166,417 shares of company stock worth $9,502,103. Insiders own 17.50% 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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