Wall Street brokerages expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will announce $0.21 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Monotype Imaging’s earnings. Monotype Imaging posted earnings per share of $0.22 during the same quarter last year, which would suggest a negative year over year growth rate of 4.5%. The company is expected to announce its next quarterly earnings results on Friday, April 26th.

On average, analysts expect that Monotype Imaging will report full-year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.20 to $1.24. For the next financial year, analysts anticipate that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.27 to $1.37. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Monotype Imaging.

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

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. TheStreet upgraded shares of Monotype Imaging from a “c+” rating to a “b-” rating in a research note on Friday, March 8th. Finally, BidaskClub upgraded shares of Monotype Imaging from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.50.

TYPE stock traded up $0.27 during mid-day trading on Thursday, reaching $19.91. The company had a trading volume of 93,561 shares, compared to its average volume of 258,673. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.37 and a current ratio of 2.37. The stock has a market capitalization of $805.49 million, a price-to-earnings ratio of 25.53 and a beta of 1.08. Monotype Imaging has a one year low of $15.29 and a one year high of $24.60.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, April 1st will be paid a dividend of $0.116 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, March 29th. Monotype Imaging’s dividend payout ratio is currently 58.97%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Texas Permanent School Fund raised its stake in shares of Monotype Imaging by 2.6% during the fourth quarter. Texas Permanent School Fund now owns 27,185 shares of the software maker’s stock valued at $422,000 after purchasing an additional 693 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Monotype Imaging during the fourth quarter valued at about $37,000. Arizona State Retirement System raised its stake in shares of Monotype Imaging by 4.7% during the fourth quarter. Arizona State Retirement System now owns 63,974 shares of the software maker’s stock valued at $993,000 after purchasing an additional 2,896 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Monotype Imaging during the fourth quarter valued at about $53,000. Finally, Russell Investments Group Ltd. grew its holdings in Monotype Imaging by 22.8% during the third quarter. Russell Investments Group Ltd. now owns 20,393 shares of the software maker’s stock worth $412,000 after acquiring an additional 3,788 shares during the period. Institutional investors and hedge funds own 92.65% of the company’s stock.

Monotype Imaging Company Profile

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.

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