Zacks: Analysts Anticipate Q2 Holdings Inc (QTWO) Will Post Earnings of $0.01 Per Share

Equities research analysts expect Q2 Holdings Inc (NYSE:QTWO) to announce earnings of $0.01 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Q2’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.05. Q2 reported earnings per share of $0.03 during the same quarter last year, which indicates a negative year-over-year growth rate of 66.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Q2 will report full year earnings of $0.11 per share for the current year, with EPS estimates ranging from $0.05 to $0.18. For the next financial year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.10 to $0.57. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Q2.

Q2 (NYSE:QTWO) last announced its earnings results on Tuesday, August 7th. The technology company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.15. The company had revenue of $58.57 million during the quarter, compared to the consensus estimate of $58.34 million. Q2 had a negative return on equity of 14.66% and a negative net margin of 12.07%.

Several brokerages have recently weighed in on QTWO. Stifel Nicolaus restated a “buy” rating and set a $68.00 target price on shares of Q2 in a research note on Thursday, August 9th. Canaccord Genuity raised their target price on Q2 from $53.00 to $60.00 and gave the company a “hold” rating in a research note on Thursday, June 21st. Loop Capital raised their target price on Q2 to $67.00 and gave the company an “in-line” rating in a research note on Thursday, August 9th. Raymond James lifted their price target on Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday, September 10th. Finally, DA Davidson lifted their price target on Q2 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $59.36.

Shares of Q2 stock opened at $60.50 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 6.00 and a quick ratio of 6.00. The stock has a market cap of $2.66 billion, a PE ratio of -126.04 and a beta of 1.42. Q2 has a 1-year low of $36.25 and a 1-year high of $67.10.

In other Q2 news, SVP Barry G. Benton sold 5,541 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $65.73, for a total value of $364,209.93. Following the transaction, the senior vice president now owns 38,140 shares of the company’s stock, valued at $2,506,942.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl James Schaper sold 17,752 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $66.19, for a total transaction of $1,175,004.88. Following the completion of the transaction, the director now directly owns 31,844 shares in the company, valued at approximately $2,107,754.36. The disclosure for this sale can be found here. Insiders sold 1,320,196 shares of company stock valued at $78,229,369 over the last quarter. Insiders own 17.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of QTWO. Swiss National Bank lifted its holdings in Q2 by 2.1% in the first quarter. Swiss National Bank now owns 53,800 shares of the technology company’s stock worth $2,451,000 after acquiring an additional 1,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Q2 by 5.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 164,050 shares of the technology company’s stock valued at $7,473,000 after buying an additional 7,972 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Q2 during the first quarter valued at approximately $230,000. Northern Trust Corp raised its holdings in shares of Q2 by 2.5% during the first quarter. Northern Trust Corp now owns 383,583 shares of the technology company’s stock valued at $17,472,000 after buying an additional 9,480 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Q2 by 0.5% during the first quarter. BlackRock Inc. now owns 2,076,493 shares of the technology company’s stock valued at $94,584,000 after buying an additional 10,140 shares during the last quarter. 93.55% of the stock is currently owned by hedge funds and other institutional investors.

About Q2

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2online, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2 Sentinel, a security analytics solution; Q2 Corporate to support RCFIs to attract and retain larger commercial accounts; and Q2 SMART, a targeting and messaging platform.

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