Equities analysts expect that MiX Telematics Ltd – (NYSE:MIXT) will report earnings of $0.13 per share for the current quarter, according to Zacks. Three analysts have issued estimates for MiX Telematics’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.18. MiX Telematics posted earnings per share of $0.10 during the same quarter last year, which would indicate a positive year over year growth rate of 30%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that MiX Telematics will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.55. For the next financial year, analysts expect that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.59 to $0.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for MiX Telematics.
MiX Telematics (NYSE:MIXT) last announced its quarterly earnings data on Thursday, February 1st. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $442.00 million for the quarter, compared to analyst estimates of $427.11 million. MiX Telematics had a net margin of 9.07% and a return on equity of 9.14%. The business’s quarterly revenue was up 10.2% on a year-over-year basis.
Several analysts have recently issued reports on MIXT shares. ValuEngine raised shares of MiX Telematics from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research lowered shares of MiX Telematics from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Canaccord Genuity boosted their price target on shares of MiX Telematics from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of MiX Telematics from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $15.50.
MiX Telematics (NYSE MIXT) traded up $0.22 during midday trading on Friday, hitting $14.12. 14,059 shares of the stock traded hands, compared to its average volume of 63,196. MiX Telematics has a one year low of $5.59 and a one year high of $14.41. The company has a market capitalization of $309.90, a price-to-earnings ratio of 32.05, a P/E/G ratio of 1.79 and a beta of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Friday, February 23rd will be given a $0.052 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $0.21 annualized dividend and a dividend yield of 1.47%. This is a positive change from MiX Telematics’s previous quarterly dividend of $0.04. MiX Telematics’s payout ratio is 26.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in shares of MiX Telematics by 4.9% in the fourth quarter. Acadian Asset Management LLC now owns 724,517 shares of the technology company’s stock valued at $9,245,000 after purchasing an additional 33,930 shares during the period. Boston Partners grew its stake in MiX Telematics by 510.0% during the third quarter. Boston Partners now owns 375,500 shares of the technology company’s stock valued at $3,725,000 after acquiring an additional 313,945 shares in the last quarter. Russell Investments Group Ltd. grew its stake in MiX Telematics by 432.8% during the third quarter. Russell Investments Group Ltd. now owns 309,429 shares of the technology company’s stock valued at $3,070,000 after acquiring an additional 251,352 shares in the last quarter. Jane Street Group LLC purchased a new position in MiX Telematics during the third quarter valued at approximately $2,011,000. Finally, Ameriprise Financial Inc. grew its stake in MiX Telematics by 2.4% during the second quarter. Ameriprise Financial Inc. now owns 198,522 shares of the technology company’s stock valued at $1,564,000 after acquiring an additional 4,727 shares in the last quarter. 27.18% of the stock is currently owned by institutional investors.
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About MiX Telematics
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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