Monotype Imaging Holdings Inc. to Post Q2 2019 Earnings of $0.19 Per Share, B. Riley Forecasts (NASDAQ:TYPE)

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Monotype Imaging Holdings Inc. (NASDAQ:TYPE) – Equities researchers at B. Riley decreased their Q2 2019 earnings estimates for shares of Monotype Imaging in a research report issued to clients and investors on Monday, April 29th, according to Zacks Investment Research. B. Riley analyst Z. Cummins now anticipates that the software maker will earn $0.19 per share for the quarter, down from their previous forecast of $0.20. B. Riley has a “Neutral” rating and a $17.50 price target on the stock. B. Riley also issued estimates for Monotype Imaging’s Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.48 EPS, FY2019 earnings at $0.98 EPS and FY2020 earnings at $1.09 EPS.

Monotype Imaging (NASDAQ:TYPE) last issued its earnings results on Friday, April 26th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $51.36 million for the quarter, compared to analyst estimates of $57.84 million. Monotype Imaging had a net margin of 6.54% and a return on equity of 9.44%. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS.

A number of other analysts also recently weighed in on the stock. BidaskClub upgraded shares of Monotype Imaging from a “hold” rating to a “buy” rating in a research report on Tuesday. TheStreet downgraded shares of Monotype Imaging from a “b-” rating to a “c” rating in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Monotype Imaging from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Friday, May 3rd. ValuEngine downgraded shares of Monotype Imaging from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. set a $20.00 target price on shares of Monotype Imaging and gave the stock a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.17.

Shares of NASDAQ TYPE traded down $0.04 during mid-day trading on Thursday, hitting $16.74. The company’s stock had a trading volume of 408,500 shares, compared to its average volume of 318,406. The firm has a market capitalization of $697.14 million, a PE ratio of 21.46 and a beta of 1.00. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.22. Monotype Imaging has a one year low of $15.29 and a one year high of $22.55.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its holdings in shares of Monotype Imaging by 2.6% in the fourth quarter. Texas Permanent School Fund now owns 27,185 shares of the software maker’s stock valued at $422,000 after purchasing an additional 693 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Monotype Imaging by 10.9% in the first quarter. Envestnet Asset Management Inc. now owns 14,077 shares of the software maker’s stock valued at $280,000 after purchasing an additional 1,388 shares during the last quarter. Summit Global Investments raised its holdings in shares of Monotype Imaging by 3.6% in the first quarter. Summit Global Investments now owns 42,800 shares of the software maker’s stock valued at $851,000 after purchasing an additional 1,500 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Monotype Imaging in the first quarter valued at approximately $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Monotype Imaging by 4.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 49,325 shares of the software maker’s stock valued at $981,000 after purchasing an additional 2,075 shares during the last quarter. Institutional investors own 92.01% of the company’s stock.

In other Monotype Imaging news, EVP Benjamin W.L. Semmes III sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $21.00, for a total transaction of $168,000.00. Following the sale, the executive vice president now directly owns 170,820 shares in the company, valued at approximately $3,587,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.46 annualized dividend and a yield of 2.77%. Monotype Imaging’s dividend payout ratio (DPR) is currently 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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