Wall Street analysts expect Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to report $61.85 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Monotype Imaging’s earnings. The lowest sales estimate is $60.95 million and the highest is $62.75 million. Monotype Imaging reported sales of $52.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, February 16th.
On average, analysts expect that Monotype Imaging will report full-year sales of $61.85 million for the current fiscal year, with estimates ranging from $231.72 million to $233.52 million. For the next fiscal year, analysts forecast that the company will report 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 follow Monotype Imaging.
Monotype Imaging (NASDAQ:TYPE) last released its quarterly earnings data on Friday, February 16th. The software maker reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.41. The business had revenue of $65.02 million for the quarter, compared to analysts’ expectations of $62.45 million. Monotype Imaging had a return on equity of 2.47% and a net margin of 0.06%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS.
Several equities analysts recently issued reports on the company. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. B. Riley upped their price objective on Monotype Imaging from $20.00 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. JPMorgan Chase & Co. cut Monotype Imaging from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research report on Tuesday, December 12th. ValuEngine cut Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research cut Monotype Imaging from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Monotype Imaging currently has a consensus rating of “Sell” and an average target price of $23.17.
Monotype Imaging (NASDAQ:TYPE) traded up $1.00 during mid-day trading on Tuesday, reaching $24.60. The company had a trading volume of 1,520,078 shares, compared to its average volume of 198,114. The company has a market cap of $976.58, a PE ratio of 123.16, a PEG ratio of 3.47 and a beta of 0.88. Monotype Imaging has a fifty-two week low of $15.75 and a fifty-two week high of $26.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 2.43.
In other Monotype Imaging news, VP Janet M. Dunlap sold 8,063 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $25.00, for a total transaction of $201,575.00. Following the completion of the sale, the vice president now directly owns 92,913 shares in the company, valued at approximately $2,322,825. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Janet M. Dunlap sold 2,000 shares of the business’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $25.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer now owns 90,008 shares of the company’s stock, valued at $2,250,200. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its stake in shares of Monotype Imaging by 8.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 59,867 shares of the software maker’s stock worth $1,096,000 after purchasing an additional 4,871 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Monotype Imaging by 64.4% in the 3rd quarter. Citadel Advisors LLC now owns 201,913 shares of the software maker’s stock worth $3,887,000 after purchasing an additional 79,105 shares in the last quarter. BlackRock Inc. increased its stake in shares of Monotype Imaging by 0.6% in the 2nd quarter. BlackRock Inc. now owns 4,945,729 shares of the software maker’s stock worth $90,506,000 after purchasing an additional 28,680 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Monotype Imaging by 5.4% in the 2nd quarter. Stifel Financial Corp now owns 110,727 shares of the software maker’s stock worth $2,027,000 after purchasing an additional 5,707 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Monotype Imaging by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,758,278 shares of the software maker’s stock worth $68,777,000 after purchasing an additional 74,910 shares in the last quarter. Institutional investors and hedge funds own 94.25% of the company’s stock.
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Monotype Imaging 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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