Equities research analysts expect Q2 Holdings Inc (NYSE:QTWO) to announce sales of $47.19 million for the current quarter, according to Zacks. Four analysts have provided estimates for Q2 Holdings’ earnings. The highest sales estimate is $47.30 million and the lowest is $47.04 million. Q2 Holdings posted sales of $36.01 million in the same quarter last year, which suggests a positive year over year growth rate of 31%. The business is expected to issue its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that Q2 Holdings will report full year sales of $47.19 million for the current financial year, with estimates ranging from $193.36 million to $194.10 million. For the next financial year, analysts anticipate that the firm will report sales of $245.98 million per share, with estimates ranging from $243.00 million to $249.72 million. Zacks’ sales averages are an average based on a survey of analysts that cover Q2 Holdings.
Q2 Holdings (NYSE:QTWO) last posted its earnings results on Wednesday, May 3rd. The technology company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.03. The firm had revenue of $44.50 million during the quarter, compared to the consensus estimate of $44.37 million. Q2 Holdings had a negative return on equity of 24.27% and a negative net margin of 26.91%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($271.00) EPS.
Several analysts recently commented on QTWO shares. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Q2 Holdings in a research report on Wednesday, February 15th. Canaccord Genuity restated a “buy” rating on shares of Q2 Holdings in a report on Thursday, February 16th. Needham & Company LLC upped their target price on Q2 Holdings from $34.00 to $42.00 and gave the company a “buy” rating in a report on Friday, February 17th. Craig Hallum set a $45.00 target price on Q2 Holdings and gave the company a “buy” rating in a report on Friday, February 17th. Finally, BTIG Research restated a “hold” rating on shares of Q2 Holdings in a report on Sunday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $39.86.
Q2 Holdings (QTWO) traded down 4.40% on Friday, hitting $38.00. The stock had a trading volume of 266,711 shares. Q2 Holdings has a 12 month low of $25.23 and a 12 month high of $40.50. The company has a 50-day moving average of $38.80 and a 200 day moving average of $34.39. The company’s market cap is $1.56 billion.
In related news, Director R. H. Seale sold 192,500 shares of the stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $35.32, for a total transaction of $6,799,100.00. Following the transaction, the director now owns 379,432 shares of the company’s stock, valued at approximately $13,401,538.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey T. Diehl sold 125,000 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $35.00, for a total value of $4,375,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 686,437 shares of company stock worth $24,984,636. Corporate insiders own 38.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of QTWO. SG Americas Securities LLC purchased a new position in Q2 Holdings during the first quarter valued at about $109,000. Aberdeen Asset Management PLC UK purchased a new position in Q2 Holdings during the first quarter valued at about $204,000. Arcus Capital Partners LLC purchased a new position in Q2 Holdings during the first quarter valued at about $221,000. Blair William & Co. IL purchased a new position in Q2 Holdings during the first quarter valued at about $243,000. Finally, First Mercantile Trust Co. raised its position in Q2 Holdings by 249.8% in the first quarter. First Mercantile Trust Co. now owns 7,555 shares of the technology company’s stock valued at $263,000 after buying an additional 5,395 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
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Q2 Holdings Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
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