Brokerages expect Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to announce earnings of $0.23 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Monotype Imaging’s earnings, with the highest EPS estimate coming in at $0.23 and the lowest estimate coming in at $0.22. Monotype Imaging reported earnings of $0.45 per share in the same quarter last year, which would indicate a negative year over year growth rate of 48.9%. The business is scheduled to issue its next quarterly 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 business will report earnings of $0.96 per share, with EPS estimates ranging from $0.83 to $1.05. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Monotype Imaging.
Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $58.00 million for 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%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS.
TYPE has been the topic of several research analyst reports. B. Riley set a $31.00 price objective on Monotype Imaging and gave the stock a “buy” rating in a research note on Thursday, September 20th. BidaskClub raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. ValuEngine upgraded Monotype Imaging from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, JPMorgan Chase & Co. upgraded Monotype Imaging from an “underweight” rating to a “neutral” rating in a report on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.
Several hedge funds and other institutional investors have recently made changes to their positions in TYPE. Trigran Investments Inc. grew its holdings in Monotype Imaging by 23.1% during the third quarter. Trigran Investments Inc. now owns 2,655,365 shares of the software maker’s stock worth $53,638,000 after purchasing an additional 497,631 shares during the period. BlackRock Inc. grew its holdings in Monotype Imaging by 8.3% during the second quarter. BlackRock Inc. now owns 5,819,939 shares of the software maker’s stock worth $118,145,000 after purchasing an additional 443,624 shares during the period. Renaissance Technologies LLC grew its holdings in Monotype Imaging by 53.9% during the third quarter. Renaissance Technologies LLC now owns 851,472 shares of the software maker’s stock worth $17,200,000 after purchasing an additional 298,263 shares during the period. Marshall Wace LLP bought a new position in Monotype Imaging during the third quarter worth about $5,444,000. Finally, Dimensional Fund Advisors LP grew its holdings in Monotype Imaging by 7.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,513,081 shares of the software maker’s stock worth $30,564,000 after purchasing an additional 109,718 shares during the period. Institutional investors own 89.62% of the company’s stock.
Monotype Imaging stock traded up $0.05 during mid-day trading on Friday, hitting $16.16. 2,495 shares of the company’s stock were exchanged, compared to its average volume of 233,514. The company has a market capitalization of $668.00 million, a PE ratio of 30.49 and a beta of 1.01. Monotype Imaging has a fifty-two week low of $15.29 and a fifty-two week high of $26.75. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.24.
The business 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 $0.116 dividend. This represents a $0.46 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Monday, December 31st. Monotype Imaging’s payout ratio is 86.79%.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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