Brokerages Anticipate Monotype Imaging Holdings Inc. (NASDAQ:TYPE) Will Announce Quarterly Sales of $62.81 Million

Analysts forecast that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will announce $62.81 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Monotype Imaging’s earnings, with estimates ranging from $61.63 million to $63.98 million. Monotype Imaging reported sales of $57.97 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The company is expected to announce its next earnings report on Friday, November 1st.

According to Zacks, analysts expect that Monotype Imaging will report full-year sales of $251.21 million for the current fiscal year, with estimates ranging from $249.95 million to $252.47 million. For the next fiscal year, analysts anticipate that the business will report sales of $258.18 million, with estimates ranging from $254.47 million to $261.88 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last issued its quarterly earnings data on Friday, July 26th. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.19. Monotype Imaging had a net margin of 10.28% and a return on equity of 10.65%. The firm had revenue of $63.24 million for the quarter, compared to analyst estimates of $57.35 million. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS.



Several research analysts have recently issued reports on TYPE shares. JPMorgan Chase & Co. set a $20.00 target price on shares of Monotype Imaging and gave the company a “hold” rating in a research note on Friday, April 26th. BidaskClub raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. ValuEngine raised shares of Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Dougherty & Co lowered shares of Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $17.50 target price (down previously from $26.00) on shares of Monotype Imaging in a research note on Monday, April 29th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.17.

Shares of NASDAQ TYPE traded up $0.03 during mid-day trading on Wednesday, hitting $19.89. The company’s stock had a trading volume of 335,435 shares, compared to its average volume of 362,746. The stock has a market capitalization of $819.98 million, a PE ratio of 25.49 and a beta of 1.00. The company has a current ratio of 2.30, a quick ratio of 2.30 and a debt-to-equity ratio of 0.20. Monotype Imaging has a one year low of $15.29 and a one year high of $22.30. The company has a fifty day simple moving average of $18.16.

Hedge funds and other institutional investors have recently modified their holdings of the company. Martingale Asset Management L P raised its position in shares of Monotype Imaging by 43.2% in the 1st quarter. Martingale Asset Management L P now owns 307,185 shares of the software maker’s stock valued at $6,111,000 after acquiring an additional 92,627 shares during the period. Piedmont Investment Advisors Inc. acquired a new stake in shares of Monotype Imaging in the 1st quarter valued at approximately $207,000. Summit Global Investments raised its position in shares of Monotype Imaging by 3.6% in the 1st quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock valued at $851,000 after acquiring an additional 1,500 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Monotype Imaging in the 1st quarter valued at approximately $349,000. Finally, Geode Capital Management LLC raised its position in shares of Monotype Imaging by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 478,540 shares of the software maker’s stock valued at $7,426,000 after acquiring an additional 21,081 shares during the period. 90.21% of the stock is currently owned by institutional investors.

About Monotype Imaging

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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