Brokerages Expect Monotype Imaging Holdings Inc. (TYPE) Will Post Quarterly Sales of $61.85 Million

Equities analysts predict that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will announce sales of $61.85 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Monotype Imaging’s earnings, with the lowest sales estimate coming in at $60.95 million and the highest estimate coming in at $62.75 million. Monotype Imaging posted sales of $52.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.5%. The company is expected to announce its next quarterly earnings results before the market opens on Friday, February 16th.

According to Zacks, analysts expect that Monotype Imaging will report full year sales of $61.85 million for the current financial year, with estimates ranging from $231.72 million to $233.52 million. For the next financial year, analysts expect that the company will post sales of $245.44 million per share, with estimates ranging from $243.56 million to $247.31 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Monotype Imaging.

TYPE has been the topic of several research reports. BidaskClub lowered Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. B. Riley increased their target price on Monotype Imaging from $20.00 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. ValuEngine lowered Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. lowered Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 target price on the stock. in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Monotype Imaging presently has a consensus rating of “Sell” and a consensus price target of $23.17.

In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $25.00, for a total value of $201,575.00. Following the transaction, the vice president now directly owns 92,913 shares of the company’s stock, valued at $2,322,825. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Janet M. Dunlap sold 2,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $25.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 90,008 shares in the company, valued at $2,250,200. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Monotype Imaging by 2.6% in the fourth quarter. BlackRock Inc. now owns 5,274,954 shares of the software maker’s stock valued at $127,127,000 after purchasing an additional 132,390 shares during the period. Vanguard Group Inc. raised its position in Monotype Imaging by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock valued at $68,777,000 after purchasing an additional 74,910 shares during the period. Trigran Investments Inc. raised its position in Monotype Imaging by 23.5% in the third quarter. Trigran Investments Inc. now owns 2,283,331 shares of the software maker’s stock valued at $43,954,000 after purchasing an additional 434,982 shares during the period. Dimensional Fund Advisors LP raised its position in Monotype Imaging by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,429,976 shares of the software maker’s stock valued at $27,527,000 after purchasing an additional 13,869 shares during the period. Finally, State Street Corp raised its position in Monotype Imaging by 0.3% in the second quarter. State Street Corp now owns 1,048,771 shares of the software maker’s stock valued at $19,194,000 after purchasing an additional 3,201 shares during the period. 94.25% of the stock is currently owned by institutional investors.

Monotype Imaging (TYPE) opened at $23.35 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43. The firm has a market capitalization of $964.06, a price-to-earnings ratio of 121.58, a P/E/G ratio of 3.42 and a beta of 0.87. Monotype Imaging has a 52-week low of $15.75 and a 52-week high of $25.77.

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About Monotype Imaging

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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