Monotype Imaging Holdings Inc. Declares Quarterly Dividend of $0.08 (TYPE)
Monotype Imaging Holdings (NASDAQ:TYPE) announced a quarterly dividend on Thursday, May 1st, Analyst RN reports. Shareholders of record on Tuesday, July 1st will be paid a dividend of 0.08 per share on Monday, July 21st. This represents a $0.32 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Friday, June 27th.
On the ratings front, 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, February 13th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.47.
Shares of Monotype Imaging Holdings (NASDAQ:TYPE) traded down 0.19% on Thursday, hitting $26.36. 331,663 shares of the company’s stock traded hands. Monotype Imaging Holdings has a 52 week low of $21.56 and a 52 week high of $33.25. The stock has a 50-day moving average of $29.30 and a 200-day moving average of $29.59. The company has a market cap of $1.020 billion and a P/E ratio of 33.86.
Monotype Imaging Holdings (NASDAQ:TYPE) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $46.10 million for the quarter, compared to the consensus estimate of $45.38 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that Monotype Imaging Holdings will post $1.15 EPS for the current fiscal year.
Monotype Imaging Holdings Inc (NASDAQ:TYPE) is a provider of text imaging solutions.
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