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

According to Zacks, analysts expect that Q2 will report full year sales of $238.73 million for the current fiscal year, with estimates ranging from $237.60 million to $239.20 million. For the next year, analysts forecast that the company will report sales of $295.85 million per share, with estimates ranging from $293.79 million to $300.66 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Q2.

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

QTWO has been the subject of a number of research reports. Zacks Investment Research raised Q2 from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Saturday, August 11th. Stifel Nicolaus increased their target price on Q2 from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, June 8th. Raymond James increased their target price on Q2 from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Monday. Loop Capital increased their target price on Q2 to $67.00 and gave the stock an “in-line” rating in a research note on Thursday, August 9th. Finally, ValuEngine raised Q2 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 12th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Q2 has an average rating of “Buy” and a consensus target price of $59.36.

In other news, CEO Matthew P. Flake sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $57.33, for a total transaction of $1,146,600.00. Following the completion of the transaction, the chief executive officer now directly owns 280,008 shares of the company’s stock, valued at approximately $16,052,858.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Barry G. Benton sold 5,541 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $65.73, for a total transaction of $364,209.93. Following the transaction, 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. Insiders have sold a total of 1,302,444 shares of company stock valued at $77,054,364 over the last ninety days. Company insiders own 17.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of QTWO. SG Americas Securities LLC bought a new position in shares of Q2 during the 2nd quarter worth approximately $132,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Q2 in the second quarter valued at $200,000. Brick & Kyle Associates bought a new position in shares of Q2 in the second quarter valued at $228,000. Aperio Group LLC bought a new position in shares of Q2 in the first quarter valued at $230,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Q2 in the first quarter valued at $260,000. 93.56% of the stock is owned by institutional investors.

NYSE QTWO traded up $0.30 during trading hours on Friday, reaching $65.80. 214,100 shares of the company’s stock were exchanged, compared to its average volume of 336,417. 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 quick ratio of 6.00 and a current ratio of 6.00. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -137.19 and a beta of 1.42.

About Q2

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.

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