Analysts Anticipate Monotype Imaging Holdings Inc. (TYPE) Will Post Earnings of $0.08 Per Share

Brokerages expect Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to report $0.08 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Monotype Imaging’s earnings. Monotype Imaging reported earnings of $0.12 per share during the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The company is expected to report its next quarterly earnings report on Friday, February 16th.

On average, analysts expect that Monotype Imaging will report full year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.46. For the next year, analysts expect that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.82. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. Monotype Imaging had a net margin of 0.06% and a return on equity of 2.47%. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $59.35 million. During the same quarter last year, the company posted $0.18 EPS. Monotype Imaging’s quarterly revenue was up 15.9% compared to the same quarter last year.

Several analysts have weighed in on the stock. BidaskClub cut shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. J P Morgan Chase & Co cut shares of Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a research note on Tuesday, December 12th. ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, B. Riley boosted their target price on shares of Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.17.

In related news, VP Janet M. Dunlap sold 8,063 shares of Monotype Imaging stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total transaction of $201,575.00. Following the sale, the vice president now directly owns 92,913 shares of the company’s stock, valued at approximately $2,322,825. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of TYPE. BlackRock Inc. lifted its position in shares of Monotype Imaging by 0.6% in the 2nd quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 28,680 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Monotype Imaging by 3.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock worth $77,434,000 after purchasing an additional 148,585 shares during the period. Vanguard Group Inc. lifted its position in shares of Monotype Imaging by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after purchasing an additional 74,910 shares during the period. Trigran Investments Inc. lifted its position in shares of Monotype Imaging by 23.5% in the 3rd quarter. Trigran Investments Inc. now owns 2,283,331 shares of the software maker’s stock worth $43,954,000 after purchasing an additional 434,982 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Monotype Imaging by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,429,976 shares of the software maker’s stock worth $27,527,000 after purchasing an additional 13,869 shares during the period. 93.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Monotype Imaging (NASDAQ TYPE) opened at $24.10 on Friday. Monotype Imaging has a 12 month low of $15.75 and a 12 month high of $25.77. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1,007.89, a PE ratio of 127.11, a price-to-earnings-growth ratio of 8.05 and a beta of 1.00.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.113 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, December 29th.

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About Monotype Imaging

Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).

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Earnings History and Estimates for Monotype Imaging (NASDAQ:TYPE)

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