-$0.04 EPS Expected for MiX Telematics Ltd – (NYSE:MIXT) This Quarter

Wall Street brokerages forecast that MiX Telematics Ltd – (NYSE:MIXT) will report ($0.04) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MiX Telematics’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.07). MiX Telematics reported earnings of $0.19 per share during the same quarter last year, which would indicate a negative year over year growth rate of 121.1%. The business is expected to announce its next quarterly earnings report on Thursday, August 6th.

On average, analysts expect that MiX Telematics will report full-year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.12) to $0.00. For the next financial year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from $0.02 to $0.03. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MiX Telematics.

A number of research analysts recently issued reports on the company. First Analysis lowered MiX Telematics from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $21.00 to $19.00 in a report on Monday, March 9th. Zacks Investment Research lowered MiX Telematics from a “hold” rating to a “sell” rating in a report on Wednesday. Oppenheimer reaffirmed a “hold” rating on shares of MiX Telematics in a report on Thursday, May 28th. TheStreet lowered MiX Telematics from a “b-” rating to a “c+” rating in a research report on Friday, March 27th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price target (down previously from $30.00) on shares of MiX Telematics in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.67.

MIXT traded up $0.17 during trading hours on Friday, hitting $8.99. 34,000 shares of the stock were exchanged, compared to its average volume of 94,299. The stock has a market cap of $199.16 million, a price-to-earnings ratio of 20.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.93 and a quick ratio of 1.81. MiX Telematics has a 12 month low of $6.64 and a 12 month high of $16.44. The stock has a 50-day simple moving average of $8.74 and a 200-day simple moving average of $10.91.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 19th will be given a $0.0595 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.65%. MiX Telematics’s dividend payout ratio (DPR) is 26.09%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its position in MiX Telematics by 99.2% during the 1st quarter. Deutsche Bank AG now owns 6,631 shares of the technology company’s stock worth $57,000 after acquiring an additional 3,303 shares during the period. State Street Corp acquired a new stake in MiX Telematics during the 1st quarter worth about $136,000. Greenwood Capital Associates LLC lifted its holdings in shares of MiX Telematics by 30.3% during the 4th quarter. Greenwood Capital Associates LLC now owns 15,438 shares of the technology company’s stock valued at $200,000 after buying an additional 3,591 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of MiX Telematics during the 4th quarter valued at about $252,000. Finally, Raymond James & Associates lifted its holdings in shares of MiX Telematics by 165.4% during the 1st quarter. Raymond James & Associates now owns 53,485 shares of the technology company’s stock valued at $463,000 after buying an additional 33,333 shares during the last quarter. Hedge funds and other institutional investors own 35.86% 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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Earnings History and Estimates for MiX Telematics (NYSE:MIXT)

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