Zacks: Analysts Anticipate Monotype Imaging Holdings Inc. (TYPE) Will Post Earnings of $0.23 Per Share

Wall Street analysts forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will announce earnings of $0.23 per share for the current quarter, Zacks Investment Research reports. Two analysts have made 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 reported earnings of $0.45 per share in the same quarter last year, which would suggest a negative year over year growth rate of 48.9%. The business is expected to issue its next earnings results on Friday, February 15th.

According to Zacks, analysts expect that Monotype Imaging will report full-year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.96 to $0.97. For the next financial 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 Investment Research’s EPS calculations are an average based on a survey of analysts that follow Monotype Imaging.

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

TYPE has been the topic of a number of recent research reports. B. Riley set a $31.00 target price on Monotype Imaging and gave the company a “buy” rating in a report on Thursday, September 20th. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a report on Friday, October 12th. ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, JPMorgan Chase & Co. raised Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.00.

NASDAQ:TYPE opened at $16.14 on Friday. The company has a market capitalization of $668.00 million, a PE ratio of 30.45 and a beta of 1.01. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24. Monotype Imaging has a 12-month low of $15.29 and a 12-month high of $26.75.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.116 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, December 31st. Monotype Imaging’s dividend payout ratio is presently 86.79%.

A number of hedge funds have recently made changes to their positions in TYPE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Monotype Imaging during the third quarter worth $203,000. AXA acquired a new position in Monotype Imaging during the third quarter worth $283,000. SG Americas Securities LLC grew its holdings in Monotype Imaging by 165.8% during the second quarter. SG Americas Securities LLC now owns 16,334 shares of the software maker’s stock worth $332,000 after acquiring an additional 10,189 shares during the period. Russell Investments Group Ltd. boosted its position in Monotype Imaging by 42.3% during the second quarter. Russell Investments Group Ltd. now owns 16,605 shares of the software maker’s stock worth $337,000 after purchasing an additional 4,935 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in Monotype Imaging by 70.5% during the third quarter. Trexquant Investment LP now owns 18,645 shares of the software maker’s stock worth $377,000 after purchasing an additional 7,711 shares in the last quarter. 89.62% of the stock is currently owned by hedge funds and other institutional investors.

Monotype Imaging Company Profile

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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