Analysts Expect Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to Announce $0.02 EPS
Analysts expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Monotype Imaging Holdings’ earnings. Monotype Imaging Holdings posted earnings of $0.21 per share during the same quarter last year, which would indicate a negative year over year growth rate of 90.5%. The company is scheduled to announce its next quarterly earnings results before the market opens on Friday, July 28th.
According to Zacks, analysts expect that Monotype Imaging Holdings will report full year earnings of $0.31 per share for the current year, with EPS estimates ranging from $0.27 to $0.34. For the next year, analysts anticipate that the company will post earnings of $0.44 per share, with EPS estimates ranging from $0.38 to $0.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Monotype Imaging Holdings.
Monotype Imaging Holdings (NASDAQ:TYPE) last issued its quarterly earnings results on Friday, April 28th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The business had revenue of $52.50 million for the quarter, compared to analyst estimates of $53.95 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year.
A number of research firms have issued reports on TYPE. Zacks Investment Research cut Monotype Imaging Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub raised Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a report on Monday. Finally, B. Riley lowered Monotype Imaging Holdings from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Monday, May 1st.
Shares of Monotype Imaging Holdings (TYPE) traded down 0.79% during trading on Wednesday, hitting $18.80. The stock had a trading volume of 37,278 shares. Monotype Imaging Holdings has a one year low of $15.75 and a one year high of $24.45. The stock has a market capitalization of $742.15 million, a price-to-earnings ratio of 93.53 and a beta of 0.91. The stock has a 50 day moving average price of $18.78 and a 200-day moving average price of $20.01.
The company also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Monday, July 3rd were issued a dividend of $0.113 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, June 29th. Monotype Imaging Holdings’s payout ratio is currently 225.01%.
In related news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction dated Sunday, July 16th. The stock was sold at an average price of $18.05, for a total value of $27,075.00. Following the transaction, the director now owns 30,640 shares of the company’s stock, valued at approximately $553,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Monotype Imaging Holdings by 10.4% in the fourth quarter. State Street Corp now owns 1,041,374 shares of the software maker’s stock valued at $20,675,000 after buying an additional 98,446 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Monotype Imaging Holdings by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 58,253 shares of the software maker’s stock valued at $1,168,000 after buying an additional 1,891 shares during the period. Trigran Investments Inc. raised its stake in Monotype Imaging Holdings by 42.6% in the first quarter. Trigran Investments Inc. now owns 1,389,324 shares of the software maker’s stock valued at $27,925,000 after buying an additional 414,746 shares during the period. WCM Investment Management CA raised its stake in Monotype Imaging Holdings by 7.6% in the first quarter. WCM Investment Management CA now owns 55,259 shares of the software maker’s stock valued at $1,111,000 after buying an additional 3,895 shares during the period. Finally, Swiss National Bank raised its stake in Monotype Imaging Holdings by 5.1% in the first quarter. Swiss National Bank now owns 68,500 shares of the software maker’s stock valued at $1,377,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 91.46% of the company’s stock.
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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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