Monotype Imaging Holdings (TYPE) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Monotype Imaging Holdings (TYPE) reported quarterly earnings results on Friday, Apr-29-2016. The company reported $0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.25. The company posted revenue of $49.80 million in the period, compared to analysts expectations of $49.17 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Monotype Imaging Holdings. Shares were Reiterated by Dougherty & Company on Feb 12, 2016 to “Buy” and Lowered the Price Target to $ 30 from a previous price target of $35 .

Monotype Imaging Holdings opened for trading at $23.17 and hit $23.835 on the upside on Wednesday, eventually ending the session at $23.4, with a gain of 0.65% or 0.15 points. The heightened volatility saw the trading volume jump to 60,708 shares. Company has a market cap of $938 M.

In a different news, on Apr 15, 2016, John L Seguin (Executive Vice President) sold 1,457 shares at $23.07 per share price. According to the SEC, on Apr 14, 2016, Pamela F Lenehan (director) sold 2,000 shares at $22.56 per share price. On Apr 14, 2016, Steven R Martin (Exec VP, Chief Innovation Off.) sold 2,000 shares at $22.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Monotype Imaging Holdings Inc. (Monotype) is a provider of type and technology for applications and consumer devices. The Company is engaged in the development marketing and licensing of technologies and fonts. Its business is organized as follows: Creative Professional and original equipment manufacturer (OEM). For the Creative Professional market it provides content across various devices and mediums. It offers products such as Type which include Monotype Libraries Monotype Linotype FontFont ITC Ascender and Bitstream collections; E-commerce Websites; Web Fonts service and font solutions. For the OEM market it offers solutions for consumer device manufacturers and independent software vendors (ISVs). It offers technologies such as screen imaging technologies printer imaging technologies creative tools cloud-based technology platform and font management.

Monotype Imaging Holdings

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