Equities analysts expect that Q2 Holdings (NYSE:QTWO) will post sales of $52.99 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Q2’s earnings, with the highest sales estimate coming in at $53.22 million and the lowest estimate coming in at $52.77 million. Q2 posted sales of $44.53 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Q2 will report full year sales of $235.09 million for the current year, with estimates ranging from $234.00 million to $235.79 million. For the next year, analysts anticipate that the business will post sales of $292.64 million per share, with estimates ranging from $287.00 million to $309.97 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Q2.
Q2 (NYSE:QTWO) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. Q2 had a negative return on equity of 19.34% and a negative net margin of 13.49%. The firm had revenue of $51.70 million during the quarter, compared to analysts’ expectations of $51.70 million. During the same period in the prior year, the firm posted ($0.03) earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year.
NYSE QTWO traded down $0.10 during trading hours on Friday, hitting $47.05. 350,946 shares of the company traded hands, compared to its average volume of 347,046. Q2 has a twelve month low of $31.95 and a twelve month high of $48.75. The stock has a market capitalization of $1,985.84, a PE ratio of -98.02 and a beta of 1.41.
In other news, Director R. H. Seale sold 120,000 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $44.54, for a total transaction of $5,344,800.00. Following the transaction, the director now owns 380,188 shares in the company, valued at $16,933,573.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John E. Breeden sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $39.04, for a total value of $390,400.00. Following the transaction, the executive vice president now owns 50,408 shares in the company, valued at approximately $1,967,928.32. The disclosure for this sale can be found here. Insiders sold 355,963 shares of company stock worth $15,862,722 in the last 90 days. Corporate insiders own 24.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Jefferies Group LLC bought a new position in shares of Q2 during the fourth quarter worth approximately $201,000. Virtu Financial LLC bought a new position in shares of Q2 during the fourth quarter worth approximately $205,000. Sei Investments Co. increased its stake in shares of Q2 by 77.0% during the third quarter. Sei Investments Co. now owns 6,296 shares of the technology company’s stock worth $262,000 after purchasing an additional 2,739 shares during the period. California Public Employees Retirement System bought a new position in shares of Q2 during the third quarter worth approximately $367,000. Finally, HBK Investments L P increased its stake in shares of Q2 by 65.0% during the fourth quarter. HBK Investments L P now owns 9,900 shares of the technology company’s stock worth $365,000 after purchasing an additional 3,900 shares during the period. Institutional investors own 90.04% of the company’s stock.
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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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