Analysts Expect Monotype Imaging Holdings Inc. (TYPE) Will Announce Quarterly Sales of $59.33 Million
Wall Street brokerages forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will announce $59.33 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Monotype Imaging Holdings’ earnings, with the lowest sales estimate coming in at $59.10 million and the highest estimate coming in at $59.56 million. Monotype Imaging Holdings posted sales of $52.23 million during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The firm is expected to report its next earnings results on Friday, October 27th.
On average, analysts expect that Monotype Imaging Holdings will report full-year sales of $59.33 million for the current financial year. For the next financial year, analysts expect that the business will report sales of $258.59 million per share, with estimates ranging from $257.94 million to $259.24 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Monotype Imaging Holdings.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its earnings results on Friday, July 28th. The software maker reported $0.08 EPS for the quarter, topping the consensus estimate of $0.02 by $0.06. The firm had revenue of $58.70 million for the quarter, compared to the consensus estimate of $54.36 million. Monotype Imaging Holdings had a net margin of 0.61% and a return on equity of 3.51%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS.
A number of brokerages have commented on TYPE. B. Riley reiterated a “neutral” rating and issued a $20.00 price target on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. Zacks Investment Research upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, BidaskClub upgraded shares of Monotype Imaging Holdings from a “sell” rating to a “hold” rating in a research note on Monday, July 24th.
Monotype Imaging Holdings (NASDAQ:TYPE) opened at 18.40 on Friday. Monotype Imaging Holdings has a one year low of $15.75 and a one year high of $24.45. The company has a market cap of $729.69 million, a P/E ratio of 634.48 and a beta of 0.93. The company has a 50-day moving average of $18.61 and a 200 day moving average of $19.39.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Monday, October 2nd will be paid a $0.113 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 29th. Monotype Imaging Holdings’s dividend payout ratio is currently 1,500.50%.
In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $18.60, for a total value of $27,900.00. Following the transaction, the director now directly owns 29,140 shares of the company’s stock, valued at $542,004. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 6,000 shares of company stock valued at $110,700. Corporate insiders own 2.30% of the company’s stock.
Several institutional investors have recently modified their holdings of TYPE. Denver Investment Advisors LLC bought a new position in shares of Monotype Imaging Holdings during the first quarter valued at $18,120,000. Swiss National Bank raised its position in shares of 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 last quarter. Comerica Bank raised its position in shares of Monotype Imaging Holdings by 3.3% in the first quarter. Comerica Bank now owns 46,765 shares of the software maker’s stock valued at $998,000 after buying an additional 1,491 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Monotype Imaging Holdings by 12.2% in the first quarter. BNP Paribas Arbitrage SA now owns 8,569 shares of the software maker’s stock valued at $172,000 after buying an additional 929 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Monotype Imaging Holdings by 7.3% in the first quarter. Bank of New York Mellon Corp now owns 836,583 shares of the software maker’s stock valued at $16,815,000 after buying an additional 56,839 shares during the last quarter. 90.33% of the stock is currently owned by institutional investors.
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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