$0.08 EPS Expected for Q2 Holdings Inc (NYSE:QTWO) This Quarter

Equities analysts forecast that Q2 Holdings Inc (NYSE:QTWO) will report earnings per share of $0.08 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Q2’s earnings, with estimates ranging from $0.02 to $0.11. Q2 reported earnings per share of $0.09 during the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The business is expected to issue its next quarterly earnings results on Tuesday, November 5th.

On average, analysts expect that Q2 will report full year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.29. For the next year, analysts expect that the company will post earnings of $0.45 per share, with EPS estimates ranging from $0.18 to $0.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported ($0.20) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.01. Q2 had a negative return on equity of 18.28% and a negative net margin of 20.73%. The firm had revenue of $77.60 million during the quarter, compared to analysts’ expectations of $76.10 million. During the same period in the previous year, the firm earned $0.01 EPS. The company’s quarterly revenue was up 32.0% compared to the same quarter last year.

QTWO has been the topic of a number of research reports. Craig Hallum restated a “buy” rating and set a $85.00 price objective (up previously from $80.00) on shares of Q2 in a research report on Thursday, May 9th. KeyCorp boosted their price objective on Q2 from $83.00 to $98.00 and gave the stock an “overweight” rating in a research report on Friday. Compass Point initiated coverage on Q2 in a research report on Tuesday. They set a “buy” rating and a $105.00 price objective on the stock. Wells Fargo & Co boosted their price objective on Q2 from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus boosted their price objective on Q2 from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $79.75.

QTWO stock traded up $3.50 during midday trading on Tuesday, reaching $89.69. 583,483 shares of the stock were exchanged, compared to its average volume of 416,870. The company has a market cap of $3.85 billion, a PE ratio of -242.41 and a beta of 1.38. Q2 has a 52 week low of $43.41 and a 52 week high of $89.73. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average of $79.47.

In other Q2 news, insider Matthew P. Flake sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $80.52, for a total transaction of $2,013,000.00. Following the sale, the insider now owns 323,999 shares in the company, valued at $26,088,399.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William M. Furrer sold 13,301 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $76.18, for a total value of $1,013,270.18. Following the sale, the insider now owns 81,643 shares in the company, valued at approximately $6,219,563.74. The disclosure for this sale can be found here. Insiders sold a total of 480,537 shares of company stock worth $35,941,718 in the last quarter. Corporate insiders own 12.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QTWO. Parametric Portfolio Associates LLC raised its position in Q2 by 13.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 47,130 shares of the technology company’s stock worth $3,599,000 after purchasing an additional 5,671 shares during the period. Brown Capital Management LLC raised its holdings in shares of Q2 by 26.2% in the second quarter. Brown Capital Management LLC now owns 4,003,706 shares of the technology company’s stock worth $305,723,000 after buying an additional 832,296 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Q2 by 5.2% in the second quarter. Northern Trust Corp now owns 502,001 shares of the technology company’s stock worth $38,332,000 after buying an additional 24,912 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Q2 by 21.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 258,270 shares of the technology company’s stock worth $19,722,000 after buying an additional 45,802 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its holdings in shares of Q2 by 3.1% in the second quarter. Prescott Group Capital Management L.L.C. now owns 4,125 shares of the technology company’s stock worth $315,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 99.30% of the company’s stock.

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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