Analysts Expect MiX Telematics Ltd – (MIXT) Will Post Earnings of $0.13 Per Share

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Wall Street brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to post earnings per share (EPS) of $0.13 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for MiX Telematics’ earnings. The lowest EPS estimate is $0.12 and the highest is $0.15. MiX Telematics posted earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The company is expected to report its next earnings report on Thursday, November 1st.

On average, analysts expect that MiX Telematics will report full-year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.55 to $0.60. For the next financial year, analysts forecast that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover MiX Telematics.

MiX Telematics (NYSE:MIXT) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. MiX Telematics had a return on equity of 11.83% and a net margin of 9.46%. The company had revenue of $33.28 million during the quarter, compared to analyst estimates of $35.56 million.

A number of research analysts recently weighed in on MIXT shares. Raymond James raised MiX Telematics from an “outperform” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 20th. Zacks Investment Research lowered MiX Telematics from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Finally, ValuEngine raised MiX Telematics from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.00.

MIXT stock remained flat at $$14.52 on Monday. The company had a trading volume of 235,585 shares, compared to its average volume of 118,814. MiX Telematics has a one year low of $9.28 and a one year high of $21.00. The company has a market cap of $326.01 million, a price-to-earnings ratio of 25.03 and a beta of 0.48.

Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of MiX Telematics by 48.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 120,515 shares of the technology company’s stock worth $2,136,000 after purchasing an additional 39,348 shares in the last quarter. Millennium Management LLC increased its holdings in shares of MiX Telematics by 153.4% in the 2nd quarter. Millennium Management LLC now owns 219,264 shares of the technology company’s stock worth $3,885,000 after purchasing an additional 132,747 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of MiX Telematics by 21.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,100,200 shares of the technology company’s stock worth $19,496,000 after purchasing an additional 194,224 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MiX Telematics by 230.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 84,616 shares of the technology company’s stock worth $1,499,000 after purchasing an additional 59,008 shares in the last quarter. Finally, Navellier & Associates Inc increased its holdings in shares of MiX Telematics by 71.8% in the 2nd quarter. Navellier & Associates Inc now owns 61,016 shares of the technology company’s stock worth $1,081,000 after purchasing an additional 25,509 shares in the last quarter. 32.75% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for MiX Telematics (NYSE:MIXT)

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