Equities analysts expect MiX Telematics Ltd – (NYSE:MIXT) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for MiX Telematics’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. MiX Telematics posted earnings per share of $0.19 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.3%. The business is expected to announce its next earnings results before the market opens on Thursday, January 30th.
According to Zacks, analysts expect that MiX Telematics will report full year earnings of $0.76 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.80. For the next financial year, analysts forecast that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.88. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover MiX Telematics.
MiX Telematics (NYSE:MIXT) last posted its earnings results on Thursday, October 31st. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). MiX Telematics had a return on equity of 15.49% and a net margin of 11.80%. The business had revenue of $35.50 million for the quarter, compared to the consensus estimate of $37.45 million.
MIXT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of MiX Telematics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine upgraded shares of MiX Telematics from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st.
Shares of NYSE MIXT traded up $0.02 during midday trading on Friday, reaching $14.78. The stock had a trading volume of 54,500 shares, compared to its average volume of 46,717. The firm has a market cap of $317.25 million, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.77. MiX Telematics has a twelve month low of $11.96 and a twelve month high of $20.07. The company’s 50 day moving average price is $12.88 and its 200 day moving average price is $13.64.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of MiX Telematics by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 774,925 shares of the technology company’s stock worth $11,647,000 after purchasing an additional 13,625 shares during the period. Russell Investments Group Ltd. lifted its position in shares of MiX Telematics by 31.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 323,564 shares of the technology company’s stock worth $4,521,000 after purchasing an additional 76,510 shares during the period. Quantum Capital Management lifted its position in shares of MiX Telematics by 1.3% in the 3rd quarter. Quantum Capital Management now owns 233,903 shares of the technology company’s stock worth $3,263,000 after purchasing an additional 3,094 shares during the period. Boston Partners lifted its position in shares of MiX Telematics by 26.1% in the 3rd quarter. Boston Partners now owns 93,284 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 19,322 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of MiX Telematics by 86.7% in the 2nd quarter. Mackenzie Financial Corp now owns 87,798 shares of the technology company’s stock worth $1,320,000 after purchasing an additional 40,777 shares during the period. Hedge funds and other institutional investors own 38.11% of the company’s stock.
About MiX Telematics
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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