Wall Street brokerages forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will report $0.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Monotype Imaging’s earnings. Monotype Imaging posted earnings per share of $0.12 in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The firm is expected to issue its next 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 year, with EPS estimates ranging from $0.19 to $0.46. For the next financial year, analysts forecast that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.82. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate 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 the consensus estimate of $59.35 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis.

TYPE has been the subject of several research reports. JPMorgan Chase & Co. downgraded 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. BidaskClub downgraded shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, B. Riley increased their price objective on shares of Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.17.

In related news, VP Janet M. Dunlap sold 8,063 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total value of $201,575.00. Following the completion of the transaction, the vice president now 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 SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TYPE. Schwab Charles Investment Management Inc. increased its position in Monotype Imaging by 6.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 169,512 shares of the software maker’s stock valued at $3,103,000 after acquiring an additional 10,762 shares during the period. Arizona State Retirement System increased its position in Monotype Imaging by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the software maker’s stock valued at $399,000 after acquiring an additional 300 shares during the period. First Trust Advisors LP increased its position in Monotype Imaging by 13.3% in the 2nd quarter. First Trust Advisors LP now owns 16,440 shares of the software maker’s stock valued at $301,000 after acquiring an additional 1,935 shares during the period. Rhumbline Advisers increased its position in Monotype Imaging by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 135,676 shares of the software maker’s stock valued at $2,483,000 after acquiring an additional 1,222 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Monotype Imaging by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 846,536 shares of the software maker’s stock valued at $15,492,000 after acquiring an additional 9,953 shares during the period. Hedge funds and other institutional investors own 93.32% of the company’s stock.

Shares of Monotype Imaging (TYPE) traded up $0.55 during trading on Monday, hitting $25.25. 151,039 shares of the stock were exchanged, compared to its average volume of 125,580. Monotype Imaging has a 12 month low of $15.75 and a 12 month high of $25.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market cap of $1,032.93, a P/E ratio of 130.26, a PEG ratio of 3.67 and a beta of 1.01.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 22nd. Investors of record on Tuesday, January 2nd will be paid a $0.113 dividend. This represents a $0.45 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, December 29th.

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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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