Veeva Systems (NYSE:VEEV) issued an update on its third quarter 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.870-$0.880 for the period, compared to the Thomson Reuters consensus estimate of $0.860. The company issued revenue guidance of $464 million-$466 million, compared to the consensus revenue estimate of $459.94 million.Veeva Systems also updated its FY 2022 guidance to $3.570-$3.570 EPS.
Shares of VEEV opened at $299.01 on Wednesday. The company has a 50 day moving average of $322.55 and a 200-day moving average of $292.10. The stock has a market capitalization of $45.87 billion, a P/E ratio of 114.13, a P/E/G ratio of 6.74 and a beta of 0.73. Veeva Systems has a twelve month low of $235.74 and a twelve month high of $343.96.
Veeva Systems (NYSE:VEEV) last issued its quarterly earnings results on Tuesday, August 31st. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.07. Veeva Systems had a net margin of 25.51% and a return on equity of 16.35%. The firm had revenue of $455.59 million for the quarter, compared to analyst estimates of $450.93 million. During the same period in the previous year, the business earned $0.72 EPS. The company’s revenue was up 28.8% compared to the same quarter last year. Equities research analysts forecast that Veeva Systems will post 2.47 EPS for the current year.
In other Veeva Systems news, Director Matthew J. Wallach sold 5,000 shares of the firm’s stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $312.52, for a total value of $1,562,600.00. Following the transaction, the director now directly owns 1,742 shares of the company’s stock, valued at approximately $544,409.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Michele O’connor sold 3,568 shares of the stock in a transaction that occurred on Friday, September 3rd. The stock was sold at an average price of $318.80, for a total transaction of $1,137,478.40. Following the sale, the chief accounting officer now owns 3,790 shares in the company, valued at approximately $1,208,252. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,928 shares of company stock valued at $6,308,735. 13.18% of the stock is currently owned by insiders.
Veeva Systems Company Profile
Veeva Systems, Inc engages in the provision of industry cloud solutions for the global life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance.
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