Wall Street brokerages expect that Q2 Holdings (NYSE:QTWO) will announce ($0.03) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Q2’s earnings. The lowest EPS estimate is ($0.05) and the highest is $0.00. Q2 also posted earnings per share of ($0.03) during the same quarter last year. The company is scheduled to announce its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Q2 will report full year earnings of $0.14 per share for the current year, with EPS estimates ranging from $0.03 to $0.23. For the next financial year, analysts anticipate that the business will report earnings of $0.38 per share, with EPS estimates ranging from $0.27 to $0.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Q2.
Q2 (NYSE:QTWO) last issued its earnings results on Wednesday, February 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Q2 had a negative net margin of 13.49% and a negative return on equity of 19.34%. The company had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $51.70 million. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis.
QTWO has been the topic of several research reports. JPMorgan Chase cut shares of Q2 from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Tuesday, December 12th. Zacks Investment Research cut shares of Q2 from a “hold” rating to a “sell” rating in a report on Thursday, February 22nd. Wells Fargo initiated coverage on shares of Q2 in a report on Thursday, February 8th. They issued an “outperform” rating and a $50.00 target price on the stock. Morgan Stanley increased their price target on shares of Q2 from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC increased their price target on shares of Q2 from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.58.
Shares of QTWO stock opened at $45.70 on Wednesday. Q2 has a 12-month low of $31.95 and a 12-month high of $48.75. The company has a market capitalization of $1,933.30, a P/E ratio of -95.21 and a beta of 1.41.
In other news, CEO Matthew P. Flake sold 45,150 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $43.13, for a total transaction of $1,947,319.50. Following the sale, the chief executive officer now directly owns 201,761 shares in the company, valued at approximately $8,701,951.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R. H. Seale sold 120,000 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $44.54, for a total transaction of $5,344,800.00. Following the sale, the director now owns 380,188 shares in the company, valued at $16,933,573.52. The disclosure for this sale can be found here. Insiders sold 355,963 shares of company stock worth $15,862,722 over the last quarter. Insiders own 24.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Q2 by 7.0% during the 4th quarter. BlackRock Inc. now owns 2,066,353 shares of the technology company’s stock valued at $76,145,000 after purchasing an additional 135,134 shares during the period. TimesSquare Capital Management LLC raised its position in shares of Q2 by 15.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,630,218 shares of the technology company’s stock valued at $60,074,000 after purchasing an additional 218,855 shares during the period. Wells Fargo & Company MN raised its position in shares of Q2 by 3.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,549,549 shares of the technology company’s stock valued at $57,102,000 after purchasing an additional 45,177 shares during the period. OppenheimerFunds Inc. raised its position in shares of Q2 by 21.5% during the 4th quarter. OppenheimerFunds Inc. now owns 1,226,098 shares of the technology company’s stock valued at $45,182,000 after purchasing an additional 217,200 shares during the period. Finally, Macquarie Group Ltd. raised its position in shares of Q2 by 11.5% during the 4th quarter. Macquarie Group Ltd. now owns 796,669 shares of the technology company’s stock valued at $29,357,000 after purchasing an additional 82,441 shares during the period. Hedge funds and other institutional investors own 90.04% of the company’s stock.
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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 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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