Q2 (QTWO) Scheduled to Post Earnings on Wednesday

Q2 (NYSE:QTWO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Q2 has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

Q2 (NYSE:QTWO) last posted its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.04. The company had revenue of $162.12 million during the quarter, compared to analyst estimates of $161.31 million. Q2 had a negative net margin of 10.47% and a negative return on equity of 6.75%. On average, analysts expect Q2 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Q2 Trading Up 3.2 %

Shares of Q2 stock opened at $53.39 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a 50 day simple moving average of $49.09 and a 200 day simple moving average of $42.06. Q2 has a fifty-two week low of $21.21 and a fifty-two week high of $53.96.

Insider Transactions at Q2

In other news, CEO Matthew P. Flake sold 46,937 shares of Q2 stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the transaction, the chief executive officer now directly owns 473,411 shares of the company’s stock, valued at $19,977,944.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Matthew P. Flake sold 46,937 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $42.20, for a total transaction of $1,980,741.40. Following the sale, the chief executive officer now directly owns 473,411 shares in the company, valued at $19,977,944.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew P. Flake sold 45,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $41.76, for a total transaction of $1,879,200.00. Following the sale, the chief executive officer now owns 473,411 shares in the company, valued at $19,769,643.36. The disclosure for this sale can be found here. Insiders have sold a total of 337,639 shares of company stock valued at $14,994,784 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on QTWO. Robert W. Baird raised their price target on shares of Q2 from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Truist Financial reissued a “buy” rating and issued a $60.00 price target (up previously from $50.00) on shares of Q2 in a report on Friday, April 19th. The Goldman Sachs Group raised their price target on shares of Q2 from $39.00 to $51.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. Stifel Nicolaus raised their price objective on shares of Q2 from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Piper Sandler raised their price objective on shares of Q2 from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Q2 presently has an average rating of “Moderate Buy” and an average target price of $45.33.

About Q2

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.