Equities analysts predict that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post earnings of $0.08 per share for the current quarter, according to Zacks. Two analysts have made estimates for Monotype Imaging’s earnings. Monotype Imaging reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 33.3%. The business is expected to announce its next quarterly 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 financial year, with EPS estimates ranging from $0.19 to $0.46. For the next fiscal year, analysts anticipate that the business will post earnings of $0.73 per share, with EPS estimates ranging from $0.65 to $0.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Monotype Imaging.
Monotype Imaging (NASDAQ:TYPE) last announced its earnings results on Tuesday, October 31st. The software maker reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. The firm had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $59.35 million. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share.
In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of Monotype Imaging 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 transaction, the vice president now owns 92,913 shares in the company, valued at $2,322,825. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TYPE. Schwab Charles Investment Management Inc. grew its position in Monotype Imaging by 6.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 169,512 shares of the software maker’s stock worth $3,103,000 after purchasing an additional 10,762 shares in the last quarter. Arizona State Retirement System grew its position in Monotype Imaging by 1.4% during the 2nd quarter. Arizona State Retirement System now owns 21,800 shares of the software maker’s stock worth $399,000 after purchasing an additional 300 shares in the last quarter. First Trust Advisors LP grew its position in Monotype Imaging by 13.3% during the 2nd quarter. First Trust Advisors LP now owns 16,440 shares of the software maker’s stock worth $301,000 after purchasing an additional 1,935 shares in the last quarter. Rhumbline Advisers grew its position in Monotype Imaging by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 135,676 shares of the software maker’s stock worth $2,483,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Monotype Imaging by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 846,536 shares of the software maker’s stock worth $15,492,000 after purchasing an additional 9,953 shares in the last quarter. Hedge funds and other institutional investors own 93.32% of the company’s stock.
Monotype Imaging (NASDAQ:TYPE) traded up $0.65 during trading on Monday, reaching $24.75. 95,900 shares of the company’s stock traded hands, compared to its average volume of 148,050. 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 firm has a market capitalization of $1,032.93, a price-to-earnings ratio of 130.26, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01. Monotype Imaging has a 12-month low of $15.75 and a 12-month high of $25.77.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 22nd. Shareholders of record on Tuesday, January 2nd will be given a $0.113 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.45 annualized dividend and a yield of 1.83%.
About Monotype Imaging
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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