Monotype Imaging Q4 Profit Meets View, Hikes Dividend; Outlook Disappoints

(RTTNews) - Monotype Imaging Holdings Inc. (TYPE) reported fourth-quarter net income of $8.09 million, up from $7.84 million in the previous-year quarter. However, earnings per share were flat with the prior-year period at $0.20.

Excluding items, adjusted earnings per share for the quarter were $0.28, the same as the prior-year period. On average, six analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter.

Revenue for the quarter grew 10 percent to $43.03 million from $39.03 million in the year-ago period. Analysts had a consensus revenue estimate of $42.91 million.

On February 4, 2014, Monotype's board of directors approved a 33 percent increase in the quarterly dividend to $0.08 per share from $0.06 per share, which will be paid on April 21, 2014 to shareholders of record as of the close of business on April 1, 2014.

Looking ahead to the first quarter of 2014, Monotype forecasts earnings per share of $0.19 to $0.22, adjusted earnings per share in a range of $0.27 to $0.30, and revenues of $44.0 million to $46.0 million. Street expects the company to earn $0.30 per share for the quarter on revenues of $45.82 million.

For fiscal 2014, Monotype forecasts earnings per share in a range of $0.77 to $0.83, adjusted earnings per share of $1.12 to $1.18, and revenue between $180.0 million and $185.0 million. Analysts expect the company to report earnings of $1.18 per share for the year on revenues of $182.93 million.