Monotype Imaging Holdings Inc. (NASDAQ:TYPE) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.08-0.10 for the period, compared to the Thomson Reuters consensus estimate of $0.18. The company issued revenue guidance of $60.2-64.2 million, compared to the consensus revenue estimate of $61.88 million.

Monotype Imaging Holdings Inc. (TYPE) traded down 0.65% on Wednesday, reaching $22.90. 67,977 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $20.66 and a 200-day moving average price of $19.51. Monotype Imaging Holdings Inc. has a 1-year low of $15.75 and a 1-year high of $24.45. The company has a market capitalization of $908.15 million, a PE ratio of 789.66 and a beta of 0.93.

Monotype Imaging Holdings (NASDAQ:TYPE) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $60.50 million for the quarter, compared to analyst estimates of $59.35 million. Monotype Imaging Holdings had a return on equity of 3.51% and a net margin of 0.61%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. On average, equities research analysts anticipate that Monotype Imaging Holdings Inc. will post $0.57 earnings per share for the current year.

Several equities analysts have recently weighed in on the company. B. Riley reaffirmed a neutral rating and issued a $20.00 price objective on shares of Monotype Imaging Holdings in a research note on Saturday, August 5th. B. Riley FBR, Inc. lifted their price objective on Monotype Imaging Holdings from $20.00 to $24.50 and gave the company a neutral rating in a research note on Wednesday. Zacks Investment Research lowered Monotype Imaging Holdings from a buy rating to a hold rating in a research note on Wednesday, August 23rd. ValuEngine raised Monotype Imaging Holdings from a sell rating to a hold rating in a research note on Wednesday, September 6th. Finally, BidaskClub raised Monotype Imaging Holdings from a sell rating to a hold rating in a research note on Monday, July 24th. Six analysts have rated the stock with a hold rating, Monotype Imaging Holdings has an average rating of Hold and an average price target of $21.83.

In other news, Director Roger J. Heinen, Jr. sold 1,500 shares of Monotype Imaging Holdings stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $18.25, for a total value of $27,375.00. Following the transaction, the director now directly owns 26,140 shares of the company’s stock, valued at approximately $477,055. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

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Monotype Imaging Holdings 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).

Earnings History and Estimates for Monotype Imaging Holdings (NASDAQ:TYPE)

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