MiX Telematics Ltd – (NYSE:MIXT) – First Analysis issued their Q4 2019 earnings per share (EPS) estimates for shares of MiX Telematics in a report issued on Thursday, November 1st. First Analysis analyst H. Smith expects that the technology company will post earnings of $0.20 per share for the quarter.
MIXT has been the topic of several other reports. ValuEngine cut MiX Telematics from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded MiX Telematics from a “sell” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Tuesday, October 23rd. Finally, Raymond James upgraded MiX Telematics from an “outperform” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Monday, August 20th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $20.67.
Shares of MIXT stock opened at $17.64 on Friday. MiX Telematics has a one year low of $10.45 and a one year high of $21.00. The company has a market capitalization of $346.78 million, a P/E ratio of 30.41 and a beta of 0.43.
MiX Telematics (NYSE:MIXT) last announced its earnings results on Thursday, November 1st. The technology company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.05. MiX Telematics had a return on equity of 11.83% and a net margin of 9.46%. The business had revenue of $497.00 million for the quarter, compared to analysts’ expectations of $459.37 million. During the same period in the prior year, the business posted $0.05 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis.
Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MiX Telematics by 45.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 25,608 shares of the technology company’s stock worth $398,000 after buying an additional 8,013 shares in the last quarter. Cavalier Investments LLC boosted its holdings in shares of MiX Telematics by 48.9% during the 2nd quarter. Cavalier Investments LLC now owns 40,500 shares of the technology company’s stock worth $717,000 after buying an additional 13,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MiX Telematics during the 2nd quarter worth approximately $851,000. Finally, Navellier & Associates Inc boosted its holdings in shares of MiX Telematics by 71.8% during the 2nd quarter. Navellier & Associates Inc now owns 61,016 shares of the technology company’s stock worth $1,081,000 after buying an additional 25,509 shares in the last quarter. Institutional investors and hedge funds 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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