Wall Street brokerages expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post $0.16 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Monotype Imaging Holdings’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Monotype Imaging Holdings reported earnings of $0.18 per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.1%. The firm is expected to report its next earnings report on Friday, October 27th.
On average, analysts expect that Monotype Imaging Holdings will report full-year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.55 to $0.59. For the next financial year, analysts forecast that the business will post earnings of $0.77 per share, with EPS estimates ranging from $0.75 to $0.79. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Monotype Imaging Holdings.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.06. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The company had revenue of $58.70 million during the quarter, compared to the consensus estimate of $54.36 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis.
TYPE has been the topic of a number of research reports. Zacks Investment Research raised Monotype Imaging Holdings from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Monday, August 21st. BidaskClub upgraded Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, B. Riley reiterated a “neutral” rating and issued a $20.00 price objective on shares of Monotype Imaging Holdings in a research report on Saturday, August 5th.
Monotype Imaging Holdings (NASDAQ:TYPE) opened at 18.25 on Friday. The firm has a market cap of $723.74 million, a P/E ratio of 629.31 and a beta of 0.92. The company has a 50-day moving average price of $18.60 and a 200-day moving average price of $19.43. Monotype Imaging Holdings has a 1-year low of $15.75 and a 1-year high of $24.45.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Monday, October 2nd will be paid a $0.113 dividend. This represents a $0.45 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is currently 1,500.50%.
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In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $18.25, for a total transaction of $27,375.00. Following the completion of the sale, the director now owns 26,140 shares in the company, valued at $477,055. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 6,000 shares of company stock valued at $110,700 in the last 90 days. Company insiders own 2.30% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. raised its position in Monotype Imaging Holdings by 2.4% in the second quarter. Pinebridge Investments L.P. now owns 5,514 shares of the software maker’s stock worth $101,000 after buying an additional 131 shares during the period. Bank of Montreal Can raised its position in shares of Monotype Imaging Holdings by 132.6% in the first quarter. Bank of Montreal Can now owns 5,268 shares of the software maker’s stock worth $106,000 after buying an additional 3,003 shares during the last quarter. Advisor Group Inc. raised its position in shares of Monotype Imaging Holdings by 85.7% in the second quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock worth $127,000 after buying an additional 3,222 shares during the last quarter. UBS Group AG raised its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. UBS Group AG now owns 6,994 shares of the software maker’s stock worth $141,000 after buying an additional 759 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Monotype Imaging Holdings by 79.1% in the second quarter. State of Alaska Department of Revenue now owns 8,204 shares of the software maker’s stock worth $150,000 after buying an additional 3,624 shares during the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.
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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