Q2 (NYSE:QTWO) released its quarterly earnings results on Wednesday. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.22, Briefing.com reports. The business had revenue of $79.70 million for the quarter, compared to analyst estimates of $79.26 million. Q2 had a negative net margin of 20.73% and a negative return on equity of 13.40%. The company’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share.
NYSE QTWO traded up $0.44 during mid-day trading on Thursday, reaching $68.78. 1,232,000 shares of the stock were exchanged, compared to its average volume of 424,179. Q2 has a 1-year low of $43.41 and a 1-year high of $93.63. The business’s fifty day simple moving average is $74.33 and its 200 day simple moving average is $77.55. The stock has a market capitalization of $3.25 billion, a PE ratio of -185.89 and a beta of 1.24. The company has a debt-to-equity ratio of 1.14, a quick ratio of 6.72 and a current ratio of 6.72.
In other Q2 news, SVP Barry G. Benton sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $76.89, for a total transaction of $768,900.00. Following the transaction, the senior vice president now owns 47,024 shares of the company’s stock, valued at $3,615,675.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew P. Flake sold 25,000 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $71.02, for a total transaction of $1,775,500.00. Following the transaction, the chief executive officer now directly owns 323,999 shares in the company, valued at approximately $23,010,408.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 275,326 shares of company stock worth $21,984,172. 12.80% of the stock is currently owned by insiders.
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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