$0.05 EPS Expected for Q2 Holdings, Inc. (NYSE:QTWO) This Quarter

Analysts expect Q2 Holdings, Inc. (NYSE:QTWO – Get Rating) to report $0.05 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Q2’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.01. Q2 posted earnings of $0.10 per share during the same quarter last year, which suggests a negative year over year growth rate of 50%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Q2 will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.14 to $0.70. For the next financial year, analysts anticipate that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.36 to $0.98. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Q2.

Q2 (NYSE:QTWO – Get Rating) last released its earnings results on Tuesday, February 15th. The technology company reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.07. The company had revenue of $131.89 million during the quarter, compared to analysts’ expectations of $132.18 million. Q2 had a negative return on equity of 6.22% and a negative net margin of 22.61%. During the same period in the prior year, the business posted ($0.21) EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Q2 from a “sell” rating to a “hold” rating in a research note on Thursday, February 24th. Stifel Nicolaus reduced their price objective on Q2 from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. DA Davidson reduced their price objective on Q2 from $94.00 to $74.00 in a research note on Tuesday. Raymond James reduced their price objective on Q2 from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, February 17th. Finally, StockNews.com upgraded Q2 from a “sell” rating to a “hold” rating in a research note on Thursday, April 14th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $87.50.

Shares of Q2 stock traded down $1.65 on Tuesday, hitting $53.04. 351,605 shares of the company’s stock traded hands, compared to its average volume of 420,287. The firm’s 50-day moving average is $59.81 and its 200 day moving average is $70.33. Q2 has a 52-week low of $51.45 and a 52-week high of $108.89. The stock has a market cap of $3.02 billion, a P/E ratio of -26.52 and a beta of 1.42. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.97.

In related news, CFO David J. Mehok sold 1,196 shares of Q2 stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $58.73, for a total transaction of $70,241.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew P. Flake sold 53,502 shares of Q2 stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $59.24, for a total transaction of $3,169,458.48. The disclosure for this sale can be found here. Insiders sold 81,954 shares of company stock worth $4,840,915 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of QTWO. Richelieu Gestion PLC bought a new stake in shares of Q2 during the first quarter valued at about $34,000. Fifth Third Bancorp grew its holdings in Q2 by 86.9% during the fourth quarter. Fifth Third Bancorp now owns 585 shares of the technology company’s stock worth $46,000 after acquiring an additional 272 shares during the period. FSB Premier Wealth Management Inc. acquired a new position in Q2 during the fourth quarter worth about $51,000. Point72 Hong Kong Ltd acquired a new position in Q2 during the fourth quarter worth about $51,000. Finally, Quadrant Capital Group LLC grew its holdings in Q2 by 65.5% during the fourth quarter. Quadrant Capital Group LLC now owns 710 shares of the technology company’s stock worth $56,000 after acquiring an additional 281 shares during the period.

Q2 Company Profile (Get Rating)

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. The company offers Q2 Consumer Banking, a browser-based digital banking solution and comprehensive financial institution branded digital banking capabilities; Q2 Small Business and Commercial, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture.

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