Analysts Anticipate Monotype Imaging (TYPE) Will Post Earnings of $0.12 Per Share

Equities research analysts expect Monotype Imaging (NASDAQ:TYPE) to report $0.12 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Monotype Imaging’s earnings. Monotype Imaging reported earnings per share of $0.16 during the same quarter last year, which suggests a negative year over year growth rate of 25%. The company is expected to announce its next quarterly earnings results on Friday, April 27th.

On average, analysts expect that Monotype Imaging will report full year earnings of $0.81 per share for the current financial year, with EPS estimates ranging from $0.79 to $0.82. For the next financial year, analysts forecast that the business will report earnings of $0.94 per share, with EPS estimates ranging from $0.91 to $0.96. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last announced its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.04 by $0.31. Monotype Imaging had a net margin of 4.90% and a return on equity of 6.10%. The business had revenue of $65.02 million during the quarter, compared to the consensus estimate of $62.45 million. During the same period in the previous year, the business earned $0.12 earnings per share. The company’s revenue was up 23.5% on a year-over-year basis.

Several analysts have recently weighed in on the stock. BidaskClub cut shares of Monotype Imaging from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Monotype Imaging from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, February 27th. B. Riley upgraded shares of Monotype Imaging from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.50 to $31.00 in a research report on Tuesday, February 20th. JPMorgan Chase cut shares of 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. Finally, ValuEngine upgraded shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Monotype Imaging currently has a consensus rating of “Hold” and a consensus price target of $27.33.

In related news, CAO Janet M. Dunlap sold 1,187 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $25.00, for a total transaction of $29,675.00. Following the transaction, the chief accounting officer now owns 88,821 shares of the company’s stock, valued at approximately $2,220,525. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Janet M. Dunlap sold 2,000 shares of the 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 transaction, the chief accounting officer now directly owns 90,008 shares in the company, valued at approximately $2,250,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,130 shares of company stock worth $1,253,421. 2.30% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in TYPE. Elkfork Partners LLC bought a new position in shares of Monotype Imaging during the 4th quarter valued at $109,000. Franklin Resources Inc. bought a new position in shares of Monotype Imaging during the 4th quarter valued at $200,000. Aperio Group LLC bought a new position in shares of Monotype Imaging during the 4th quarter valued at $202,000. Levin Capital Strategies L.P. bought a new position in shares of Monotype Imaging during the 4th quarter valued at $205,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of Monotype Imaging during the 4th quarter valued at $213,000. 93.41% of the stock is currently owned by institutional investors.

TYPE traded down $0.25 during trading on Tuesday, hitting $22.35. 183,091 shares of the stock traded hands, compared to its average volume of 312,024. Monotype Imaging has a twelve month low of $15.75 and a twelve month high of $26.75. The company has a market cap of $928.89, a P/E ratio of 42.17, a P/E/G ratio of 2.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 2.26.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Monday, April 2nd will be given a dividend of $0.116 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.46 annualized dividend and a dividend yield of 2.08%. This is a boost from Monotype Imaging’s previous quarterly dividend of $0.11. Monotype Imaging’s dividend payout ratio (DPR) is 86.79%.

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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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Earnings History and Estimates for Monotype Imaging (NASDAQ:TYPE)

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