Wall Street analysts predict that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post earnings per share of $0.20 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Monotype Imaging’s earnings. Monotype Imaging reported earnings of $0.12 per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The company is expected to report its next quarterly earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that Monotype Imaging will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.92 to $0.93. For the next fiscal year, analysts expect that the firm will post earnings of $0.95 per share, with EPS estimates ranging from $0.94 to $0.97. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Monotype Imaging.
Monotype Imaging (NASDAQ:TYPE) last released its earnings results on Friday, July 27th. The software maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.19. The firm had revenue of $60.69 million during the quarter, compared to the consensus estimate of $59.64 million. Monotype Imaging had a return on equity of 8.88% and a net margin of 5.19%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS.
Several analysts recently weighed in on TYPE shares. BidaskClub downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Zacks Investment Research upgraded Monotype Imaging from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 3rd. Finally, ValuEngine downgraded Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.00.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Monotype Imaging during the 1st quarter worth $138,000. Piedmont Investment Advisors LLC bought a new stake in shares of Monotype Imaging during the 2nd quarter worth $199,000. Fox Run Management L.L.C. bought a new stake in shares of Monotype Imaging during the 2nd quarter worth $213,000. Xact Kapitalforvaltning AB bought a new stake in shares of Monotype Imaging during the 1st quarter worth $231,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Monotype Imaging during the 1st quarter worth $258,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
Shares of NASDAQ:TYPE traded down $0.15 during trading on Wednesday, reaching $20.25. 113,000 shares of the company traded hands, compared to its average volume of 253,932. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.69 and a current ratio of 2.69. Monotype Imaging has a 52 week low of $18.20 and a 52 week high of $26.75. The company has a market cap of $867.34 million, a price-to-earnings ratio of 38.21 and a beta of 1.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Monday, October 1st will be given a dividend of $0.116 per share. The ex-dividend date is Friday, September 28th. This represents a $0.46 annualized dividend and a dividend yield of 2.29%. Monotype Imaging’s dividend payout ratio is currently 86.79%.
About Monotype Imaging
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.
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