Brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to announce $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for MiX Telematics’ earnings. The lowest EPS estimate is $0.12 and the highest is $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 scheduled to announce its next quarterly earnings results 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 year, analysts anticipate that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.60 to $0.87. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for MiX Telematics.
MiX Telematics (NYSE:MIXT) last announced its earnings results on Thursday, August 2nd. The technology company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. MiX Telematics had a return on equity of 11.83% and a net margin of 9.46%. The business had revenue of $33.28 million during the quarter, compared to analyst estimates of $35.56 million.
A number of brokerages recently issued reports on MIXT. ValuEngine lowered MiX Telematics from a “strong-buy” rating to a “buy” rating in a report on Monday, July 2nd. Zacks Investment Research lowered MiX Telematics from a “hold” rating to a “sell” rating in a report on Thursday, July 26th. Finally, Raymond James upgraded MiX Telematics from an “outperform” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.
Shares of NYSE MIXT remained flat at $$14.52 during trading hours on Monday. The company had a trading volume of 235,585 shares, compared to its average volume of 118,814. The stock has a market capitalization of $326.01 million, a price-to-earnings ratio of 25.03 and a beta of 0.48. MiX Telematics has a 12-month low of $9.28 and a 12-month high of $21.00.
Several hedge funds and other institutional investors have recently made changes to their positions in MIXT. JPMorgan Chase & Co. boosted its holdings in shares of MiX Telematics by 237.6% in the first quarter. JPMorgan Chase & Co. now owns 109,898 shares of the technology company’s stock valued at $1,709,000 after purchasing an additional 77,341 shares during the period. 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 purchasing an additional 8,013 shares during the period. 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 purchasing an additional 4,538 shares during the period. Barometer Capital Management Inc. purchased a new stake in shares of MiX Telematics in the first quarter valued at approximately $961,000. Finally, Millennium Management LLC boosted its holdings in shares of MiX Telematics by 52.6% in the first quarter. Millennium Management LLC now owns 86,517 shares of the technology company’s stock valued at $1,345,000 after purchasing an additional 29,827 shares during the period. Hedge funds and other institutional investors own 32.75% 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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