Equities analysts predict that Q2 Holdings Inc (NYSE:QTWO) will post earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Eight analysts have issued estimates for Q2’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.07. Q2 also posted earnings per share of $0.05 during the same quarter last year. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, November 4th.

According to Zacks, analysts expect that Q2 will report full year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.04 to $0.16. For the next financial year, analysts expect that the business will post earnings of $0.30 per share, with EPS estimates ranging from $0.15 to $0.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Q2.

Q2 (NYSE:QTWO) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.36. Q2 had a negative return on equity of 5.59% and a negative net margin of 30.10%. The firm had revenue of $97.58 million for the quarter, compared to the consensus estimate of $94.76 million.

Several equities analysts have recently weighed in on QTWO shares. Piper Sandler increased their price target on Q2 from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Compass Point initiated coverage on Q2 in a report on Wednesday, September 16th. They set a “buy” rating and a $120.00 price target on the stock. ValuEngine upgraded Q2 from a “hold” rating to a “buy” rating in a research note on Tuesday, August 11th. Morgan Stanley lowered Q2 from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $73.00 to $95.00 in a research note on Monday, August 10th. They noted that the move was a valuation call. Finally, Stephens upped their price objective on Q2 from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 11th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Q2 has a consensus rating of “Buy” and an average price target of $102.53.

In other news, CEO Matthew P. Flake sold 10,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $97.78, for a total transaction of $977,800.00. Following the completion of the transaction, the chief executive officer now owns 279,541 shares in the company, valued at $27,333,518.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jeffrey T. Diehl sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $99.78, for a total value of $9,978,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 389,704 shares of company stock valued at $36,772,811. Company insiders own 9.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Q2 during the second quarter valued at about $40,000. Asset Management One Co. Ltd. bought a new position in shares of Q2 in the 1st quarter valued at about $33,000. Financial Management Professionals Inc. bought a new position in shares of Q2 in the 2nd quarter valued at about $50,000. Glenmede Trust Co. NA bought a new position in shares of Q2 in the 2nd quarter valued at about $73,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Q2 by 23.4% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 923 shares of the technology company’s stock valued at $79,000 after acquiring an additional 175 shares during the last quarter.

Shares of QTWO stock traded up $0.63 during midday trading on Tuesday, reaching $96.88. 186,335 shares of the stock were exchanged, compared to its average volume of 496,095. Q2 has a 1 year low of $47.17 and a 1 year high of $106.44. The company’s 50 day moving average is $93.15 and its two-hundred day moving average is $85.44. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.67. The firm has a market cap of $5.18 billion, a PE ratio of -44.64 and a beta of 1.57.

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 Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

Featured Article: How to start trading in the forex market?

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

Earnings History and Estimates for Q2 (NYSE:QTWO)

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.