Monotype Imaging Holdings Inc. (TYPE) Updates FY17 Earnings Guidance
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $0.54-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $229.0-237.0 million, compared to the consensus revenue estimate of $229.51 million.Monotype Imaging Holdings also updated its Q3 guidance to $0.12-0.16 EPS.
Shares of Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded up 1.36% during trading on Friday, reaching $18.70. The company’s stock had a trading volume of 40,761 shares. Monotype Imaging Holdings Inc. has a 12-month low of $15.75 and a 12-month high of $24.45. The company has a 50 day moving average of $18.70 and a 200-day moving average of $19.98. The stock has a market cap of $738.20 million, a price-to-earnings ratio of 93.03 and a beta of 0.91.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 28th. The software maker reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Monotype Imaging Holdings had a return on equity of 5.66% and a net margin of 4.00%. The business had revenue of $58.70 million for the quarter, compared to analysts’ expectations of $54.36 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts forecast that Monotype Imaging Holdings Inc. will post $0.58 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Monday, July 3rd were given a dividend of $0.113 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.45 dividend on an annualized basis and a yield of 2.45%. Monotype Imaging Holdings’s dividend payout ratio is currently 225.01%.
A number of analysts have commented on the company. Zacks Investment Research cut Monotype Imaging Holdings from a hold rating to a sell rating in a research report on Tuesday. BidaskClub raised Monotype Imaging Holdings from a sell rating to a hold rating in a research report on Monday. Finally, B. Riley cut Monotype Imaging Holdings from a buy rating to a neutral rating and set a $21.00 price target for the company. in a research report on Monday, May 1st.
In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the business’s 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 completion of 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 legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.
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About Monotype Imaging Holdings
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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