Analysts expect Monotype Imaging Holdings Inc. (NASDAQ:TYPE) to report sales of $56.65 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Monotype Imaging’s earnings. The lowest sales estimate is $56.13 million and the highest is $57.16 million. Monotype Imaging reported sales of $60.69 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings results before the market opens on Friday, July 26th.
On average, analysts expect that Monotype Imaging will report full-year sales of $248.55 million for the current year, with estimates ranging from $247.14 million to $249.95 million. For the next year, analysts forecast that the business will post sales of $255.80 million, with estimates ranging from $254.47 million to $257.13 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Monotype Imaging.
Monotype Imaging (NASDAQ:TYPE) last issued its earnings results on Friday, April 26th. The software maker reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.06. The business had revenue of $51.36 million during the quarter, compared to analysts’ expectations of $57.84 million. Monotype Imaging had a net margin of 6.54% and a return on equity of 9.44%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share.
Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. restated a “hold” rating and set a $137.00 price objective on shares of Continental in a research report on Friday, April 26th. B. Riley restated a “buy” rating on shares of Insight Enterprises in a research report on Monday, April 29th. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research report on Friday, May 3rd. Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, BidaskClub lowered shares of Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.17.
In other Monotype Imaging news, EVP Benjamin W.L. Semmes III sold 8,000 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $21.00, for a total transaction of $168,000.00. Following the completion of the transaction, the executive vice president now owns 170,820 shares of the company’s stock, valued at $3,587,220. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.80% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in Monotype Imaging by 51.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 130,791 shares of the software maker’s stock worth $2,030,000 after acquiring an additional 44,405 shares during the last quarter. Martingale Asset Management L P raised its holdings in Monotype Imaging by 43.2% during the first quarter. Martingale Asset Management L P now owns 307,185 shares of the software maker’s stock worth $6,111,000 after purchasing an additional 92,627 shares in the last quarter. Texas Permanent School Fund raised its holdings in Monotype Imaging by 2.6% during the fourth quarter. Texas Permanent School Fund now owns 27,185 shares of the software maker’s stock worth $422,000 after purchasing an additional 693 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Monotype Imaging by 1.2% during the fourth quarter. Bank of New York Mellon Corp now owns 633,144 shares of the software maker’s stock worth $9,826,000 after purchasing an additional 7,488 shares in the last quarter. Finally, Summit Global Investments raised its holdings in Monotype Imaging by 3.6% during the first quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock worth $851,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 89.24% of the company’s stock.
Shares of NASDAQ TYPE traded down $0.15 during mid-day trading on Monday, reaching $16.73. The company’s stock had a trading volume of 226,136 shares, compared to its average volume of 232,236. The business has a 50-day simple moving average of $16.78. The firm has a market cap of $692.12 million, a PE ratio of 21.45 and a beta of 0.96. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.22. Monotype Imaging has a 1-year low of $15.29 and a 1-year high of $22.30.
The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Monday, July 1st were paid a dividend of $0.116 per share. This represents a $0.46 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, June 28th. Monotype Imaging’s dividend payout ratio (DPR) is presently 58.97%.
Monotype Imaging Company Profile
Monotype Imaging Holdings Inc develops, markets, and licenses technologies and fonts in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company's solutions include type intellectual property (IP), enterprise software for visual content marketing solutions, custom type design services, and tools and technologies through direct sales channels, e-commerce platforms, and partner platforms.
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