$0.23 Earnings Per Share Expected for Monotype Imaging Holdings Inc. (TYPE) This Quarter

Brokerages expect that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post earnings of $0.23 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Monotype Imaging’s earnings, with the lowest EPS estimate coming in at $0.22 and the highest estimate coming in at $0.23. Monotype Imaging posted earnings of $0.45 per share during the same quarter last year, which would indicate a negative year over year growth rate of 48.9%. The firm is expected to issue its next earnings report on Friday, February 15th.

On average, analysts expect that Monotype Imaging will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.96 to $0.97. For the next year, analysts anticipate that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.83 to $1.05. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings results on Friday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $58.00 million during the quarter, compared to the consensus estimate of $59.65 million. Monotype Imaging had a return on equity of 10.00% and a net margin of 6.02%. Monotype Imaging’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 EPS.

A number of research firms have recently commented on TYPE. BidaskClub upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. B. Riley set a $31.00 price objective on Monotype Imaging and gave the stock a “buy” rating in a report on Thursday, September 20th. JPMorgan Chase & Co. upgraded Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Finally, ValuEngine downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.00.

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in shares of Monotype Imaging by 17.8% during the 2nd quarter. Renaissance Technologies LLC now owns 553,209 shares of the software maker’s stock worth $11,230,000 after buying an additional 83,409 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Monotype Imaging in the 2nd quarter valued at $199,000. California Public Employees Retirement System increased its holdings in Monotype Imaging by 13.8% in the 2nd quarter. California Public Employees Retirement System now owns 45,663 shares of the software maker’s stock valued at $927,000 after purchasing an additional 5,549 shares in the last quarter. Bank of Montreal Can increased its holdings in Monotype Imaging by 23.8% in the 3rd quarter. Bank of Montreal Can now owns 63,839 shares of the software maker’s stock valued at $1,289,000 after purchasing an additional 12,255 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in Monotype Imaging in the 2nd quarter valued at $398,000. Institutional investors and hedge funds own 93.28% of the company’s stock.

Shares of TYPE opened at $17.12 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.62 and a quick ratio of 2.62. The firm has a market capitalization of $711.20 million, a price-to-earnings ratio of 32.30 and a beta of 1.08. Monotype Imaging has a fifty-two week low of $16.78 and a fifty-two week high of $26.75.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.71%. Monotype Imaging’s payout ratio is 86.79%.

About Monotype Imaging

Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, the United Kingdom, Germany, Japan, and rest of Asia. The company offers font products, including its own fonts from the Monotype Libraries, as well as fonts from third parties through its e-commerce Websites, including myfonts.com, fonts.com, fontshop.com, and linotype.com.

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