$0.32 EPS Expected for Monotype Imaging Holdings Inc. (NASDAQ:TYPE) This Quarter

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Wall Street analysts forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will report earnings of $0.32 per share for the current quarter, Zacks reports. Two analysts have made estimates for Monotype Imaging’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.33. Monotype Imaging posted earnings per share of $0.22 in the same quarter last year, which would indicate a positive year over year growth rate of 45.5%. The company is scheduled to report its next quarterly earnings report on Friday, November 1st.

According to Zacks, analysts expect that Monotype Imaging will report full-year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $1.34 to $1.35. For the next financial year, analysts forecast that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.39 to $1.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 26th. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.19 by $0.19. The company had revenue of $63.24 million during the quarter, compared to analysts’ expectations of $57.35 million. Monotype Imaging had a return on equity of 10.65% and a net margin of 10.28%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS.

TYPE has been the topic of several research reports. Zacks Investment Research lowered Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. BidaskClub lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Finally, Dougherty & Co lowered Monotype Imaging from a “buy” rating to a “neutral” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $19.83.

Shares of TYPE stock traded up $0.01 on Friday, hitting $19.84. 1,804,500 shares of the stock traded hands, compared to its average volume of 500,699. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market capitalization of $819.29 million, a PE ratio of 25.44, a PEG ratio of 1.30 and a beta of 1.01. Monotype Imaging has a 1-year low of $15.29 and a 1-year high of $21.09. The company’s fifty day moving average is $19.80 and its 200 day moving average is $18.56.

Several hedge funds have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new position in Monotype Imaging during the 2nd quarter worth $70,000. Foundry Partners LLC bought a new position in Monotype Imaging during the 2nd quarter worth $171,000. Cubist Systematic Strategies LLC bought a new position in Monotype Imaging during the 2nd quarter worth $174,000. First Quadrant L P CA bought a new position in Monotype Imaging during the 2nd quarter worth $176,000. Finally, Aperio Group LLC bought a new position in Monotype Imaging during the 2nd quarter worth $197,000. 88.47% of the stock is currently owned by institutional investors and hedge funds.

About Monotype Imaging

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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