Zacks: Analysts Anticipate Monotype Imaging Holdings Inc. (TYPE) Will Announce Quarterly Sales of $61.85 Million

Analysts expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will report sales of $61.85 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Monotype Imaging’s earnings. The highest sales estimate is $62.75 million and the lowest is $60.95 million. Monotype Imaging reported sales of $52.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The firm is scheduled to announce its next earnings report on Friday, February 16th.

On average, analysts expect that Monotype Imaging will report full year sales of $61.85 million for the current fiscal year, with estimates ranging from $231.72 million to $233.52 million. For the next fiscal year, analysts anticipate that the business will post sales of $245.44 million per share, with estimates ranging from $243.56 million to $247.31 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Monotype Imaging.

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

TYPE has been the subject of a number of research analyst reports. BidaskClub lowered Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. B. Riley boosted their price target on Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $23.17.

In related news, VP Janet M. Dunlap sold 8,063 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total transaction of $201,575.00. Following the transaction, the vice president now directly owns 92,913 shares in the company, valued at approximately $2,322,825. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. grew its position in Monotype Imaging by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after acquiring an additional 131 shares during the period. Advisor Group Inc. raised its stake in Monotype Imaging by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock valued at $127,000 after buying an additional 3,222 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Monotype Imaging by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the software maker’s stock worth $181,000 after purchasing an additional 380 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Monotype Imaging during the second quarter worth about $197,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Monotype Imaging by 57.2% during the second quarter. BNP Paribas Arbitrage SA now owns 13,474 shares of the software maker’s stock worth $247,000 after buying an additional 4,905 shares during the last quarter. Institutional investors and hedge funds own 93.32% of the company’s stock.

Shares of Monotype Imaging (TYPE) traded up $0.10 during mid-day trading on Monday, hitting $24.10. The company had a trading volume of 139,000 shares, compared to its average volume of 281,062. Monotype Imaging has a 52-week low of $15.75 and a 52-week high of $25.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43. The company has a market cap of $1,010.00, a price-to-earnings ratio of 126.32, a P/E/G ratio of 8.00 and a beta of 1.00.

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

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Monotype Imaging Company Profile

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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