Q2 Holdings Inc (NYSE:QTWO) Expected to Post Quarterly Sales of $89.46 Million

Brokerages expect that Q2 Holdings Inc (NYSE:QTWO) will announce sales of $89.46 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Q2’s earnings. The lowest sales estimate is $88.94 million and the highest is $90.20 million. Q2 posted sales of $67.18 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 33.2%. The company is expected to announce its next quarterly earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Q2 will report full-year sales of $318.07 million for the current financial year, with estimates ranging from $317.59 million to $318.80 million. For the next year, analysts expect that the firm will report sales of $417.33 million, with estimates ranging from $408.21 million to $422.10 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.22. Q2 had a negative return on equity of 12.11% and a negative net margin of 22.67%. The firm had revenue of $79.70 million for the quarter, compared to analysts’ expectations of $79.26 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue was up 31.6% compared to the same quarter last year.

QTWO has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Q2 from a “buy” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks lifted their price objective on shares of Q2 from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of Q2 from $74.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. KeyCorp dropped their target price on shares of Q2 from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.46.

Shares of NYSE QTWO traded down $0.56 during midday trading on Friday, hitting $82.19. The company’s stock had a trading volume of 275,669 shares, compared to its average volume of 424,533. The company has a current ratio of 5.93, a quick ratio of 5.93 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $75.70 and its two-hundred day moving average is $78.49. Q2 has a 12-month low of $43.41 and a 12-month high of $93.63. The firm has a market cap of $4.07 billion, a P/E ratio of -222.14 and a beta of 1.24.

In other Q2 news, CFO Jennifer Noel Harris sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $80.92, for a total transaction of $1,213,800.00. Following the completion of the sale, the chief financial officer now directly owns 129,865 shares in the company, valued at approximately $10,508,675.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Adam D. Blue sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $83.13, for a total value of $831,300.00. Following the completion of the transaction, the chief technology officer now directly owns 78,866 shares of the company’s stock, valued at $6,556,130.58. The disclosure for this sale can be found here. Insiders sold 254,556 shares of company stock valued at $19,805,325 over the last three months. 12.80% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of QTWO. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in Q2 in the 2nd quarter valued at approximately $42,000. Steelhead Partners LLC purchased a new position in shares of Q2 during the second quarter worth approximately $137,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Q2 by 11.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,515 shares of the technology company’s stock valued at $198,000 after purchasing an additional 265 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Q2 by 6.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,817 shares of the technology company’s stock valued at $217,000 after acquiring an additional 173 shares during the period. Finally, Essex Investment Management Co. LLC acquired a new position in Q2 in the 3rd quarter valued at about $228,000.

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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