Monotype Imaging (NASDAQ:TYPE) Issues Earnings Results
Monotype Imaging (NASDAQ:TYPE) issued its quarterly earnings data on Friday, February 16th. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.31, Morningstar.com reports. Monotype Imaging had a return on equity of 6.10% and a net margin of 4.90%. The company had revenue of $65.02 million during the quarter, compared to analysts’ expectations of $62.45 million. During the same period last year, the business earned $0.12 earnings per share. The business’s revenue was up 23.5% on a year-over-year basis. Monotype Imaging updated its Q1 guidance to $0.10-0.15 EPS and its FY18 guidance to $0.76-0.87 EPS.
Monotype Imaging (TYPE) opened at $24.80 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.26 and a quick ratio of 2.26. Monotype Imaging has a 12-month low of $15.75 and a 12-month high of $26.75. The stock has a market capitalization of $1,024.47, a P/E ratio of 52.45, a P/E/G ratio of 3.29 and a beta of 0.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Monday, April 2nd will be given a $0.116 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This is a positive change from Monotype Imaging’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 1.87%. Monotype Imaging’s payout ratio is currently 166.67%.
In other news, CAO Janet M. Dunlap sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $25.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer now owns 90,008 shares in the company, valued at approximately $2,250,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Janet M. Dunlap sold 1,187 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $25.00, for a total value of $29,675.00. Following the sale, the chief accounting officer now owns 88,821 shares in the company, valued at approximately $2,220,525. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Elkfork Partners LLC bought a new stake in Monotype Imaging in the 4th quarter valued at $109,000. Advisor Group Inc. raised its stake in Monotype Imaging by 85.7% in the 2nd quarter. Advisor Group Inc. now owns 6,981 shares of the software maker’s stock valued at $127,000 after acquiring an additional 3,222 shares during the period. Franklin Resources Inc. bought a new stake in Monotype Imaging in the 4th quarter valued at $200,000. Aperio Group LLC bought a new stake in Monotype Imaging in the 4th quarter valued at $202,000. Finally, Levin Capital Strategies L.P. bought a new stake in Monotype Imaging in the 4th quarter valued at $205,000. Institutional investors own 93.41% of the company’s stock.
WARNING: This piece was first reported by Marea Informative and is owned by of Marea Informative. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.mareainformativa.com/2018/03/13/monotype-imaging-type-issues-quarterly-earnings-results-updated-updated-updated.html.
Monotype Imaging Company Profile
Monotype Imaging Holdings Inc is engaged in the development, marketing and licensing of technologies and fonts. The Company empowers expression and engagement for creatives, designers, engineers and marketers. It organizes its business operations into two areas: creative professionals and original equipment manufacturer (OEM).
Receive News & Ratings for Monotype Imaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monotype Imaging and related companies with MarketBeat.com's FREE daily email newsletter.