Wall Street analysts expect Q2 Holdings Inc (NYSE:QTWO) to announce earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Q2’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.04. Q2 reported earnings per share of $0.09 during the same quarter last year, which suggests a negative year-over-year growth rate of 66.7%. The business is expected to issue its next quarterly earnings results after the market closes on Tuesday, November 5th.
According to Zacks, analysts expect that Q2 will report full-year earnings of $0.15 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $0.18. For the next fiscal year, analysts forecast that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.16 to $0.54. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Q2.
Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.01. Q2 had a negative net margin of 20.73% and a negative return on equity of 13.40%. The firm had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $76.10 million. During the same quarter in the previous year, the company posted $0.01 EPS. Q2’s revenue was up 32.0% on a year-over-year basis.
Several research analysts recently weighed in on QTWO shares. KeyCorp boosted their price objective on shares of Q2 from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Q2 from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. ValuEngine cut shares of Q2 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on shares of Q2 from $79.00 to $94.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, BTIG Research restated a “hold” rating on shares of Q2 in a research report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Q2 currently has an average rating of “Buy” and a consensus target price of $82.35.
In other news, EVP Odus Edward Wittenburg, Jr. sold 21,250 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $90.10, for a total value of $1,914,625.00. Following the completion of the transaction, the executive vice president now owns 84,923 shares of the company’s stock, valued at approximately $7,651,562.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew P. Flake sold 25,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $80.52, for a total transaction of $2,013,000.00. Following the completion of the transaction, the insider now directly owns 323,999 shares of the company’s stock, valued at approximately $26,088,399.48. The disclosure for this sale can be found here. Insiders have sold a total of 275,326 shares of company stock valued at $22,221,672 in the last quarter. Corporate insiders own 12.80% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Brown Capital Management LLC grew its holdings in shares of Q2 by 26.2% in the 2nd quarter. Brown Capital Management LLC now owns 4,003,706 shares of the technology company’s stock valued at $305,723,000 after buying an additional 832,296 shares during the period. Vanguard Group Inc. grew its holdings in shares of Q2 by 10.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,943,505 shares of the technology company’s stock valued at $301,125,000 after buying an additional 363,780 shares during the period. BlackRock Inc. grew its holdings in shares of Q2 by 0.6% in the 2nd quarter. BlackRock Inc. now owns 2,953,984 shares of the technology company’s stock valued at $225,566,000 after buying an additional 17,568 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Q2 by 6.7% in the 2nd quarter. Macquarie Group Ltd. now owns 1,455,251 shares of the technology company’s stock valued at $111,123,000 after buying an additional 91,115 shares during the period. Finally, Waddell & Reed Financial Inc. grew its holdings in shares of Q2 by 27.4% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,376,062 shares of the technology company’s stock valued at $105,076,000 after buying an additional 295,811 shares during the period.
QTWO stock traded down $1.45 during trading on Monday, hitting $71.05. The company had a trading volume of 642,900 shares, compared to its average volume of 413,981. The company has a quick ratio of 6.72, a current ratio of 6.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $79.34 and a 200-day moving average price of $77.41. Q2 has a 12 month low of $43.41 and a 12 month high of $93.63. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -192.03 and a beta of 1.27.
Q2 Company Profile
Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.
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