Brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to announce earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for MiX Telematics’ earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.15. MiX Telematics reported earnings per share of $0.09 in the same quarter last year, which suggests a positive year over year growth rate of 44.4%. The business is expected to announce its next earnings report before the market opens on Thursday, November 1st.
On average, analysts expect that MiX Telematics will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.60. For the next fiscal year, analysts expect that the firm will post earnings of $0.71 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover MiX Telematics.
MiX Telematics (NYSE:MIXT) last announced its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. MiX Telematics had a net margin of 9.46% and a return on equity of 11.83%. The company had revenue of $33.28 million for the quarter, compared to analyst estimates of $35.56 million.
Several equities research analysts have commented on MIXT shares. Raymond James upgraded shares of MiX Telematics from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research note on Monday, August 20th. ValuEngine upgraded shares of MiX Telematics from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, Zacks Investment Research lowered shares of MiX Telematics from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.67.
Shares of NYSE:MIXT traded up $2.18 during trading hours on Thursday, hitting $17.54. The stock had a trading volume of 359,700 shares, compared to its average volume of 119,010. MiX Telematics has a 1-year low of $10.21 and a 1-year high of $21.00. The firm has a market capitalization of $336.62 million, a P/E ratio of 30.24 and a beta of 0.47.
Large investors have recently made changes to their positions in the business. Sei Investments Co. boosted its holdings in shares of MiX Telematics by 47.2% in the first quarter. Sei Investments Co. now owns 14,155 shares of the technology company’s stock valued at $220,000 after acquiring an additional 4,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MiX Telematics by 45.5% in the first quarter. Dimensional Fund Advisors LP now owns 25,608 shares of the technology company’s stock valued at $398,000 after acquiring an additional 8,013 shares in the last quarter. Cavalier Investments LLC boosted its holdings in shares of MiX Telematics by 48.9% in the second quarter. Cavalier Investments LLC now owns 40,500 shares of the technology company’s stock valued at $717,000 after acquiring an additional 13,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MiX Telematics in the second quarter valued at approximately $851,000. Finally, Navellier & Associates Inc boosted its holdings in shares of MiX Telematics by 71.8% in the second quarter. Navellier & Associates Inc now owns 61,016 shares of the technology company’s stock valued at $1,081,000 after acquiring an additional 25,509 shares in the last quarter. Institutional investors own 32.25% of the company’s stock.
MiX Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.
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