Q2 Holdings Inc (QTWO) Expected to Announce Quarterly Sales of $52.99 Million
Equities analysts expect Q2 Holdings Inc (NYSE:QTWO) to announce sales of $52.99 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Q2’s earnings. The lowest sales estimate is $52.77 million and the highest is $53.22 million. Q2 posted sales of $44.53 million in the same quarter last year, which would indicate a positive year over year growth rate of 19%. The company is expected to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Q2 will report full-year sales of $52.99 million for the current financial year, with estimates ranging from $234.00 million to $235.79 million. For the next year, analysts expect that the company will post sales of $292.64 million per share, with estimates ranging from $287.00 million to $309.97 million. Zacks’ sales averages are an average based on a survey of research firms that cover Q2.
Q2 (NYSE:QTWO) last announced its earnings results on Wednesday, February 14th. The technology company reported $0.05 EPS for the quarter, topping the Zacks’ 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 company had revenue of $51.70 million for the quarter, compared to analysts’ expectations of $51.70 million. During the same period last year, the firm earned ($0.03) EPS. Q2’s revenue for the quarter was up 22.5% compared to the same quarter last year.
Q2 (NYSE:QTWO) opened at $45.75 on Friday. Q2 has a twelve month low of $31.95 and a twelve month high of $47.10. The company has a market capitalization of $1,910.00, a price-to-earnings ratio of -71.48 and a beta of 1.43.
In other news, President Odus Edward Wittenburg, Jr. sold 22,977 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $44.78, for a total transaction of $1,028,910.06. Following the completion of the transaction, the president now owns 95,660 shares in the company, valued at $4,283,654.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Matthew P. Flake sold 45,150 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $43.13, for a total value of $1,947,319.50. Following the transaction, the chief executive officer now owns 201,761 shares of the company’s stock, valued at approximately $8,701,951.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,724 shares of company stock valued at $7,832,586. Company insiders own 24.50% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. grew its position in shares of Q2 by 38.1% during the second quarter. Ameritas Investment Partners Inc. now owns 2,751 shares of the technology company’s stock valued at $102,000 after purchasing an additional 759 shares in the last quarter. Lisanti Capital Growth LLC grew its position in shares of Q2 by 2.5% during the fourth quarter. Lisanti Capital Growth LLC now owns 52,583 shares of the technology company’s stock valued at $1,938,000 after purchasing an additional 1,300 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Q2 by 14.8% during the fourth quarter. California Public Employees Retirement System now owns 10,100 shares of the technology company’s stock valued at $372,000 after purchasing an additional 1,300 shares in the last quarter. American International Group Inc. grew its position in shares of Q2 by 8.1% during the third quarter. American International Group Inc. now owns 21,014 shares of the technology company’s stock valued at $875,000 after purchasing an additional 1,572 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of Q2 by 4.4% during the fourth quarter. Swiss National Bank now owns 52,700 shares of the technology company’s stock valued at $1,942,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 89.88% of the company’s stock.
Q2 Company Profile
Q2 Holdings, Inc is a provider of cloud-based digital banking solutions. The Company enables regional and community financial institutions (RCFIs), to deliver a suite of integrated digital banking services. The Company’s solutions all operate on a common platform that supports the delivery of unified digital banking services across online, mobile and voice channels.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Q2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Q2 and related companies with MarketBeat.com's FREE daily email newsletter.