Monotype Imaging Holdings Inc. (TYPE) Releases FY17 Earnings Guidance
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $0.54-0.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.74. The company issued revenue guidance of $229-237 million, compared to the consensus revenue estimate of $234.33 million.Monotype Imaging Holdings also updated its Q1 guidance to $0.09-0.13 EPS.
Monotype Imaging Holdings Inc. (NASDAQ:TYPE) traded down 11.86% during trading on Friday, hitting $20.80. 472,168 shares of the stock were exchanged. The firm’s 50 day moving average price is $21.70 and its 200-day moving average price is $20.87. Monotype Imaging Holdings Inc. has a 1-year low of $17.31 and a 1-year high of $25.37. The stock has a market cap of $831.52 million, a price-to-earnings ratio of 43.97 and a beta of 0.99.
Monotype Imaging Holdings (NASDAQ:TYPE) last announced its quarterly earnings results on Friday, February 17th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.07. The company earned $52.60 million during the quarter, compared to the consensus estimate of $55.15 million. Monotype Imaging Holdings had a net margin of 9.50% and a return on equity of 9.55%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. On average, analysts anticipate that Monotype Imaging Holdings Inc. will post $0.88 EPS for the current year.
A number of analysts have recently commented on TYPE shares. B. Riley reaffirmed a buy rating and issued a $22.00 price target on shares of Monotype Imaging Holdings in a research note on Monday, October 31st. Zacks Investment Research raised Monotype Imaging Holdings from a sell rating to a hold rating in a research note on Tuesday, January 3rd. Finally, J P Morgan Chase & Co raised Monotype Imaging Holdings from an underweight rating to a neutral rating in a research note on Thursday, January 12th.
In related news, Director Douglas J. Shaw sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $20.29, for a total value of $507,250.00. Following the completion of the transaction, the director now directly owns 44,897 shares in the company, valued at approximately $910,960.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 75,587 shares of company stock valued at $1,589,591 over the last quarter. 2.30% of the stock is owned by insiders.
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About Monotype Imaging Holdings
Monotype Imaging Holdings Inc (Monotype) is a provider of type and technology for applications and consumer devices. The Company’s business segment operates through development, marketing and licensing of technologies and fonts. Its business includes Creative Professional and original equipment manufacturer (OEM).
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