Monotype Imaging Holdings (NASDAQ:TYPE) Earning Somewhat Favorable Media Coverage, Report Shows
Media stories about Monotype Imaging Holdings (NASDAQ:TYPE) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Monotype Imaging Holdings earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 43 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
TYPE has been the subject of a number of research reports. B. Riley downgraded shares of Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Monday, May 1st. Zacks Investment Research raised shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th.
Shares of Monotype Imaging Holdings (TYPE) traded up 0.975% during trading on Friday, hitting $18.125. 48,544 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $19.27 and a 200-day moving average price of $20.22. The stock has a market cap of $715.50 million, a P/E ratio of 90.174 and a beta of 0.91. Monotype Imaging Holdings has a one year low of $17.31 and a one year high of $25.37.
Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Friday, April 28th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. Monotype Imaging Holdings had a net margin of 4.00% and a return on equity of 5.66%. The company had revenue of $52.50 million during the quarter, compared to analysts’ expectations of $53.95 million. During the same period in the previous year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Monotype Imaging Holdings will post $0.58 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Monday, July 3rd will be issued a $0.113 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.45 annualized dividend and a dividend yield of 2.52%. Monotype Imaging Holdings’s dividend payout ratio is currently 225.01%.
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Monotype Imaging Holdings 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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