Wall Street brokerages expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post earnings per share of $0.27 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Monotype Imaging’s earnings. Monotype Imaging reported earnings per share of $0.30 in the same quarter last year, which suggests a negative year over year growth rate of 10%. The business is expected to issue its next quarterly earnings results before the market opens on Friday, July 26th.

On average, analysts expect that Monotype Imaging will report full-year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.31 to $1.34. For the next year, analysts forecast that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.39 to $1.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last released its earnings results on Friday, April 26th. The software maker reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The company had revenue of $51.36 million during the quarter, compared to analysts’ expectations of $57.84 million. Monotype Imaging had a return on equity of 9.44% and a net margin of 6.54%. The business’s revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub cut Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. JPMorgan Chase & Co. restated a “hold” rating and set a $137.00 price objective on shares of Continental in a research note on Friday, April 26th. ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, TheStreet cut Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.17.

Shares of Monotype Imaging stock traded down $0.15 on Friday, hitting $16.73. 226,136 shares of the company’s stock traded hands, compared to its average volume of 232,236. The firm has a market capitalization of $692.12 million, a PE ratio of 21.45 and a beta of 0.96. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $16.78. Monotype Imaging has a 52-week low of $15.29 and a 52-week high of $22.30.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Monday, July 1st were paid a dividend of $0.116 per share. This represents a $0.46 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, June 28th. Monotype Imaging’s dividend payout ratio (DPR) is presently 58.97%.

In related news, EVP Benjamin W.L. Semmes III sold 8,000 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $21.00, for a total transaction of $168,000.00. Following the transaction, the executive vice president now directly owns 170,820 shares in the company, valued at $3,587,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Foundry Partners LLC bought a new stake in Monotype Imaging in the second quarter valued at $171,000. Municipal Employees Retirement System of Michigan bought a new stake in Monotype Imaging in the fourth quarter valued at $186,000. BNP Paribas Arbitrage SA lifted its stake in Monotype Imaging by 338.2% in the first quarter. BNP Paribas Arbitrage SA now owns 9,409 shares of the software maker’s stock valued at $187,000 after buying an additional 7,262 shares during the last quarter. Greenwood Capital Associates LLC bought a new stake in Monotype Imaging in the first quarter valued at $200,000. Finally, Piedmont Investment Advisors Inc. bought a new stake in Monotype Imaging in the first quarter valued at $207,000. Institutional investors own 89.24% of the company’s stock.

Monotype Imaging Company Profile

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.

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