Equities analysts expect Q2 Holdings Inc (NYSE:QTWO) to post $60.38 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Q2’s earnings, with the highest sales estimate coming in at $61.50 million and the lowest estimate coming in at $60.02 million. Q2 posted sales of $50.12 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.5%. The firm is scheduled to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that Q2 will report full year sales of $238.73 million for the current year, with estimates ranging from $237.60 million to $239.20 million. For the next financial year, analysts anticipate that the company will post sales of $295.85 million, with estimates ranging from $293.79 million to $300.66 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last released its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. Q2 had a negative return on equity of 14.66% and a negative net margin of 12.07%. The firm had revenue of $58.57 million for the quarter, compared to analyst estimates of $58.34 million.

Several brokerages recently commented on QTWO. Raymond James upped their target price on Q2 from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, September 10th. Canaccord Genuity upped their target price on Q2 from $53.00 to $60.00 and gave the company a “hold” rating in a research report on Thursday, June 21st. Craig Hallum set a $70.00 price target on Q2 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research raised Q2 from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Saturday, August 11th. Finally, DA Davidson upped their price target on Q2 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Q2 currently has a consensus rating of “Buy” and an average price target of $60.07.

Shares of Q2 stock traded up $2.01 on Friday, hitting $51.55. 15,252 shares of the company’s stock traded hands, compared to its average volume of 351,595. Q2 has a one year low of $36.25 and a one year high of $67.10. The company has a debt-to-equity ratio of 1.12, a current ratio of 6.00 and a quick ratio of 6.00. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of -104.06 and a beta of 1.43.

In other news, Director R. H. Seale sold 134,719 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $57.06, for a total value of $7,687,066.14. Following the completion of the sale, the director now directly owns 381,887 shares of the company’s stock, valued at $21,790,472.22. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Barry G. Benton sold 5,541 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $65.73, for a total value of $364,209.93. Following the completion of the sale, the senior vice president now directly owns 38,140 shares of the company’s stock, valued at $2,506,942.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,464,977 shares of company stock worth $86,524,743. 17.90% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Q2 by 36.0% in the third quarter. Bank of Montreal Can now owns 159,662 shares of the technology company’s stock valued at $9,668,000 after acquiring an additional 42,290 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Q2 by 14.6% in the second quarter. Northern Trust Corp now owns 439,623 shares of the technology company’s stock valued at $25,081,000 after acquiring an additional 56,040 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Q2 by 18.5% in the second quarter. Bank of New York Mellon Corp now owns 171,606 shares of the technology company’s stock valued at $9,792,000 after acquiring an additional 26,745 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Q2 in the second quarter valued at approximately $571,000. Finally, California Public Employees Retirement System grew its holdings in shares of Q2 by 150.2% in the second quarter. California Public Employees Retirement System now owns 15,548 shares of the technology company’s stock valued at $887,000 after acquiring an additional 9,335 shares in the last quarter. 93.56% of the stock is owned by hedge funds and other institutional investors.

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 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.

Further Reading: How to Calculate Compound Annual Growth Rate (CAGR)

Get a free copy of the Zacks research report on Q2 (QTWO)

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.