$62.81 Million in Sales Expected for Monotype Imaging Holdings Inc. (NASDAQ:TYPE) This Quarter

Wall Street brokerages predict that Monotype Imaging Holdings Inc. (NASDAQ:TYPE) will post $62.81 million in sales for the current quarter, Zacks Investment Research 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 firm is scheduled to announce its next quarterly earnings results on Friday, November 1st.

On average, analysts expect that Monotype Imaging will report full-year sales of $251.21 million for the current year, with estimates ranging from $249.95 million to $252.47 million. For the next year, analysts anticipate that the firm will report sales of $258.18 million, with estimates ranging from $254.47 million to $261.88 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Monotype Imaging.

Monotype Imaging (NASDAQ:TYPE) last posted its quarterly earnings results on Friday, July 26th. The software maker reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.19. Monotype Imaging had a return on equity of 10.65% and a net margin of 10.28%. The company had revenue of $63.24 million during the quarter, compared to the consensus estimate of $57.35 million. During the same period last year, the business earned $0.30 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis.



A number of research firms have recently weighed in on TYPE. Zacks Investment Research raised Monotype Imaging from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Thursday, August 1st. BidaskClub downgraded Monotype Imaging from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st. Dougherty & Co downgraded Monotype Imaging from a “buy” rating to a “neutral” rating in a research note on Friday, July 26th. Finally, ValuEngine raised Monotype Imaging from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.17.

Shares of TYPE traded down $0.02 during midday trading on Friday, reaching $19.78. 13,321 shares of the stock were exchanged, compared to its average volume of 581,306. Monotype Imaging has a 12-month low of $15.29 and a 12-month high of $21.09. The firm has a 50 day simple moving average of $19.81 and a 200-day simple moving average of $18.56. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 0.20. The company has a market cap of $817.64 million, a price-to-earnings ratio of 25.37 and a beta of 1.01.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Monotype Imaging by 1.3% during the 2nd quarter. BlackRock Inc. now owns 6,171,996 shares of the software maker’s stock valued at $103,937,000 after acquiring an additional 80,783 shares during the last quarter. Trigran Investments Inc. increased its holdings in shares of Monotype Imaging by 9.3% during the 2nd quarter. Trigran Investments Inc. now owns 3,937,643 shares of the software maker’s stock valued at $66,310,000 after acquiring an additional 334,634 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Monotype Imaging by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,568,675 shares of the software maker’s stock valued at $24,346,000 after acquiring an additional 55,594 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Monotype Imaging by 2.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,030,951 shares of the software maker’s stock valued at $17,361,000 after acquiring an additional 24,400 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Monotype Imaging by 2.4% during the 2nd quarter. Northern Trust Corp now owns 538,425 shares of the software maker’s stock valued at $9,068,000 after acquiring an additional 12,816 shares during the last quarter. 88.47% of the stock is currently owned by institutional investors and hedge funds.

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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