Brokerages expect that Mix Telematics (NYSE:MIXT) will post $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Mix Telematics’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.18. Mix Telematics reported earnings of $0.10 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 30%. The firm is scheduled to issue its next quarterly earnings report on Thursday, May 24th.
According to Zacks, analysts expect that Mix Telematics will report full year earnings of $0.51 per share for the current fiscal year, with EPS estimates ranging from $0.49 to $0.55. For the next fiscal year, analysts forecast that the business will post earnings of $0.68 per share, with EPS estimates ranging from $0.59 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mix Telematics.
Mix Telematics (NYSE:MIXT) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Mix Telematics had a net margin of 9.07% and a return on equity of 9.14%. The business had revenue of $442.00 million for the quarter, compared to the consensus estimate of $427.11 million. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year.
A number of research firms have recently weighed in on MIXT. Zacks Investment Research raised shares of Mix Telematics from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, March 28th. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 price target on shares of Mix Telematics in a research note on Thursday, February 1st. Finally, ValuEngine raised shares of Mix Telematics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $19.00.
Shares of NYSE MIXT traded down $0.10 during mid-day trading on Thursday, reaching $16.80. The company had a trading volume of 60,342 shares, compared to its average volume of 88,233. Mix Telematics has a twelve month low of $5.59 and a twelve month high of $16.93. The company has a market capitalization of $377.82, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43.
Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its position in shares of Mix Telematics by 120.9% in the third quarter. JPMorgan Chase & Co. now owns 52,682 shares of the technology company’s stock valued at $524,000 after purchasing an additional 28,838 shares during the last quarter. Millennium Management LLC grew its position in shares of Mix Telematics by 91.7% in the fourth quarter. Millennium Management LLC now owns 56,690 shares of the technology company’s stock valued at $723,000 after purchasing an additional 27,121 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Mix Telematics in the fourth quarter valued at about $807,000. Royce & Associates LP grew its position in shares of Mix Telematics by 19.8% in the third quarter. Royce & Associates LP now owns 69,485 shares of the technology company’s stock valued at $689,000 after purchasing an additional 11,500 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Mix Telematics in the third quarter valued at about $771,000. 31.66% of the stock is currently owned by hedge funds and other institutional investors.
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Mix Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; and MiX Fleet Manager Essential for monitoring drivers and vehicles.
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