Wall Street analysts expect Mix Telematics (NYSE:MIXT) to post earnings of $0.13 per share for the current quarter, Zacks reports. Three analysts have made estimates for Mix Telematics’ earnings. The highest EPS estimate is $0.18 and the lowest is $0.08. Mix Telematics reported earnings of $0.10 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 30%. The firm is expected to report its next earnings results on Thursday, May 24th.
On average, analysts expect that Mix Telematics will report full year earnings of $0.51 per share for the current financial 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 Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Mix Telematics.
Mix Telematics (NYSE:MIXT) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $442.00 million for the quarter, compared to analyst estimates of $427.11 million. Mix Telematics had a return on equity of 9.14% and a net margin of 9.07%. The company’s revenue was up 10.2% on a year-over-year basis.
A number of research analysts have recently weighed in on MIXT shares. Zacks Investment Research lowered Mix Telematics from a “buy” rating to a “hold” rating in a report on Saturday, March 17th. ValuEngine upgraded Mix Telematics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Mix Telematics in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.00.
Shares of NYSE:MIXT opened at $16.69 on Thursday. The company has a market capitalization of $361.62, a price-to-earnings ratio of 53.84, a PEG ratio of 1.76 and a beta of 0.43. Mix Telematics has a 52-week low of $5.59 and a 52-week high of $16.85.
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Mix Telematics by 120.9% during the third quarter. JPMorgan Chase & Co. now owns 52,682 shares of the technology company’s stock valued at $524,000 after acquiring an additional 28,838 shares during the last quarter. Millennium Management LLC increased its position in shares of Mix Telematics by 91.7% during the fourth quarter. Millennium Management LLC now owns 56,690 shares of the technology company’s stock valued at $723,000 after acquiring an additional 27,121 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Mix Telematics during the fourth quarter valued at approximately $807,000. Royce & Associates LP increased its position in shares of Mix Telematics by 19.8% during the third quarter. Royce & Associates LP now owns 69,485 shares of the technology company’s stock valued at $689,000 after acquiring an additional 11,500 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Mix Telematics during the third quarter valued at approximately $771,000. Institutional investors own 31.66% 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 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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