Q2 (QTWO) Set to Announce Quarterly Earnings on Wednesday

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Q2 (NYSE:QTWO) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.21). The company had revenue of $71.30 million for the quarter, compared to analyst estimates of $70.67 million. Q2 had a negative return on equity of 16.48% and a negative net margin of 18.89%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the company posted ($0.14) earnings per share. On average, analysts expect Q2 to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Shares of NYSE:QTWO opened at $73.82 on Tuesday. The business’s fifty day moving average is $78.38. The firm has a market capitalization of $3.40 billion, a P/E ratio of -199.51 and a beta of 1.38. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 1.40. Q2 has a 52-week low of $43.41 and a 52-week high of $81.80.

In related news, SVP Barry G. Benton sold 3,469 shares of the stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $80.00, for a total value of $277,520.00. Following the completion of the sale, the senior vice president now directly owns 40,493 shares in the company, valued at $3,239,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew P. Flake sold 120,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $69.50, for a total value of $8,340,000.00. Following the completion of the sale, the insider now owns 298,999 shares of the company’s stock, valued at $20,780,430.50. The disclosure for this sale can be found here. Insiders sold 525,354 shares of company stock valued at $39,130,448 over the last 90 days. 12.80% of the stock is currently owned by company insiders.

QTWO has been the subject of several research analyst reports. Craig Hallum reiterated a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Q2 in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of Q2 from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Finally, Wells Fargo & Co upped their price target on shares of Q2 from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $71.73.

About Q2

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.

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Earnings History for Q2 (NYSE:QTWO)

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