Monotype Imaging Holdings Inc. (TYPE) Issues FY14 Earnings Guidance
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $1.12-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18, Analyst Ratings Network.com reports. The company issued revenue guidance of $180-185 million, compared to the consensus revenue estimate of $182.95 million.Monotype Imaging Holdings also updated its Q1 guidance to $0.27-0.30 EPS.
Several analysts have recently commented on the stock. Analysts at Dougherty & Co raised their price target on shares of Monotype Imaging Holdings from $30.00 to $35.00 in a research note on Thursday. They now have a buy rating on the stock. On a related note, analysts at Canaccord Genuity reiterated a buy rating on shares of Monotype Imaging Holdings in a research note on Friday, January 17th. They now have a $35.00 price target on the stock, up previously from $31.00. Finally, analysts at Zacks upgraded shares of Monotype Imaging Holdings from an underperform rating to a neutral rating in a research note on Tuesday, January 7th. They now have a $32.30 price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $32.47.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded up 6.10% during mid-day trading on Thursday, hitting $29.92. 140,449 shares of the company’s stock traded hands. Monotype Imaging Holdings Inc. has a 52 week low of $19.25 and a 52 week high of $33.25. The stock has a 50-day moving average of $30.40 and a 200-day moving average of $28.31. The company has a market cap of $1.145 billion and a P/E ratio of 35.74.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Wednesday, February 19th. The company reported $0.28 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.28. The company had revenue of $43.00 million for the quarter, compared to the consensus estimate of $42.90 million. During the same quarter last year, the company posted $0.28 earnings per share. Monotype Imaging Holdings’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Monotype Imaging Holdings Inc. will post $1.09 earnings per share for the current fiscal year.
In other Monotype Imaging Holdings news, EVP John Seguin sold 8,806 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $28.06, for a total transaction of $247,096.36. Following the completion of the transaction, the executive vice president now directly owns 23,291 shares in the company, valued at approximately $653,545. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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