Monotype Imaging Holdings Inc. Expected to Post Q1 2019 Earnings of $0.13 Per Share (TYPE)

Monotype Imaging Holdings Inc. (NASDAQ:TYPE) – Equities research analysts at B. Riley lifted their Q1 2019 EPS estimates for Monotype Imaging in a research report issued to clients and investors on Tuesday, February 19th. B. Riley analyst Z. Cummins now expects that the software maker will earn $0.13 per share for the quarter, up from their previous estimate of $0.09. B. Riley currently has a “Buy” rating and a $31.00 target price on the stock. B. Riley also issued estimates for Monotype Imaging’s Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.18 EPS, Q4 2019 earnings at $0.40 EPS, FY2019 earnings at $0.91 EPS and FY2020 earnings at $1.08 EPS.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, February 15th. The software maker reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. Monotype Imaging had a net margin of 4.89% and a return on equity of 9.70%. The business had revenue of $71.40 million during the quarter, compared to analysts’ expectations of $65.15 million. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 9.8% on a year-over-year basis.

A number of other equities analysts have also weighed in on TYPE. Zacks Investment Research lowered shares of Monotype Imaging from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub raised shares of Monotype Imaging from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 12th. ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Thursday, December 6th. Finally, JPMorgan Chase & Co. raised shares of Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Shares of NASDAQ TYPE opened at $19.18 on Friday. The company has a market cap of $793.05 million, a P/E ratio of 24.59 and a beta of 0.99. Monotype Imaging has a 1 year low of $15.29 and a 1 year high of $25.24. The company has a current ratio of 2.37, a quick ratio of 2.62 and a debt-to-equity ratio of 0.23.

A number of hedge funds have recently bought and sold shares of TYPE. Thrivent Financial for Lutherans boosted its holdings in shares of Monotype Imaging by 198.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 86,386 shares of the software maker’s stock worth $1,745,000 after buying an additional 57,455 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Monotype Imaging by 18.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 189,223 shares of the software maker’s stock worth $3,822,000 after acquiring an additional 29,463 shares during the last quarter. Legal & General Group Plc grew its holdings in Monotype Imaging by 7.9% during the 3rd quarter. Legal & General Group Plc now owns 100,222 shares of the software maker’s stock worth $2,021,000 after acquiring an additional 7,305 shares during the last quarter. Bank of Montreal Can grew its holdings in Monotype Imaging by 23.8% during the 3rd quarter. Bank of Montreal Can now owns 63,839 shares of the software maker’s stock worth $1,289,000 after acquiring an additional 12,255 shares during the last quarter. Finally, AXA bought a new position in shares of Monotype Imaging in the 3rd quarter valued at about $283,000. 89.33% of the stock is owned by institutional investors.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Monday, April 1st will be paid a $0.116 dividend. The ex-dividend date of this dividend is Friday, March 29th. This represents a $0.46 annualized dividend and a yield of 2.42%. Monotype Imaging’s dividend payout ratio is presently 58.97%.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

Further Reading: Price to Earnings Ratio (PE) Basics

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