Zacks: Brokerages Anticipate Monotype Imaging Holdings Inc. (TYPE) Will Post Earnings of $0.15 Per Share
Wall Street brokerages forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Monotype Imaging Holdings’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Monotype Imaging Holdings reported earnings per share of $0.18 in the same quarter last year, which indicates a negative year-over-year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Monotype Imaging Holdings will report full year earnings of $0.57 per share for the current year, with EPS estimates ranging from $0.53 to $0.59. For the next financial year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.70 to $0.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Monotype Imaging Holdings.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings data on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The firm had revenue of $58.70 million during the quarter, compared to analyst estimates of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. Monotype Imaging Holdings’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS.
Several equities research analysts recently weighed in on TYPE shares. Zacks Investment Research upgraded Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, August 21st. ValuEngine upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, B. Riley restated a “neutral” rating and set a $20.00 target price on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $20.50.
In other Monotype Imaging Holdings news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $18.60, for a total value of $27,900.00. Following the completion of the sale, the director now owns 29,140 shares in the company, valued at $542,004. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 6,000 shares of company stock valued at $110,700. 2.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Monotype Imaging Holdings by 3.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,231,349 shares of the software maker’s stock valued at $77,434,000 after buying an additional 148,585 shares during the last quarter. Trigran Investments Inc. lifted its stake in Monotype Imaging Holdings by 33.0% in the second quarter. Trigran Investments Inc. now owns 1,848,349 shares of the software maker’s stock valued at $33,825,000 after buying an additional 459,025 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in Monotype Imaging Holdings by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 58,253 shares of the software maker’s stock valued at $1,168,000 after buying an additional 1,891 shares during the last quarter. Swiss National Bank lifted its stake in Monotype Imaging Holdings by 5.1% in the first quarter. Swiss National Bank now owns 68,500 shares of the software maker’s stock valued at $1,377,000 after buying an additional 3,300 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Monotype Imaging Holdings by 6.1% in the first quarter. Mason Street Advisors LLC now owns 9,650 shares of the software maker’s stock valued at $194,000 after buying an additional 554 shares during the last quarter. Institutional investors own 90.33% of the company’s stock.
Shares of Monotype Imaging Holdings (NASDAQ TYPE) traded up 1.14% during trading on Friday, hitting $22.20. 336,987 shares of the company traded hands. The stock has a market capitalization of $880.39 million, a PE ratio of 765.52 and a beta of 0.93. Monotype Imaging Holdings has a 52-week low of $15.75 and a 52-week high of $24.45. The company has a 50-day moving average of $19.36 and a 200-day moving average of $19.25.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be paid a $0.113 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is currently 1,500.50%.
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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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