Monotype Imaging Holdings (TYPE) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.24. The company posted revenue of $48.70 million in the period, compared to analysts expectations of $48.90 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
Many Wall Street Analysts have commented on Monotype Imaging Holdings. Ladenburg Thalmann Initiated Monotype Imaging Holdings on May 25, 2016 to “Buy”, Price Target of the shares are set at $29.
Monotype Imaging Holdings opened for trading at $19.1 and hit $19.28 on the upside on Thursday, eventually ending the session at $19.07, with a gain of 0.16% or 0.03 points. The heightened volatility saw the trading volume jump to 9,78,228 shares. Company has a market cap of $775 M.
In a different news, on Jul 15, 2016, Steven R Martin (Exec VP, Chief Innovation Off.) sold 2,000 shares at $25.12 per share price. According to the SEC, on Jul 14, 2016, Pamela F Lenehan (director) sold 2,000 shares at $24.75 per share price. On Jul 14, 2016, Janet M Dunlap (ExecVP Gen Counsel & Secretary) sold 3,062 shares at $25.00 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; Fonts.com 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.