Brokerages forecast that MiX Telematics Ltd – (NYSE:MIXT) will announce earnings of ($0.04) per share for the current quarter, according to Zacks. Two analysts have issued estimates for MiX Telematics’ earnings, with estimates ranging from ($0.07) to $0.00. MiX Telematics posted earnings per share of $0.19 in the same quarter last year, which would suggest a negative year over year growth rate of 121.1%. The company 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 fiscal year, with EPS estimates ranging from ($0.12) to $0.00. For the next year, analysts expect that the firm will report earnings of $0.03 per share, with EPS estimates ranging from $0.02 to $0.03. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for MiX Telematics.
A number of analysts recently issued reports on the stock. First Analysis downgraded shares of MiX Telematics from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $21.00 to $19.00 in a research report on Monday, March 9th. Zacks Investment Research downgraded shares of MiX Telematics from a “hold” rating to a “sell” rating in a research report on Wednesday. Oppenheimer reaffirmed a “hold” rating on shares of MiX Telematics in a research report on Thursday, May 28th. TheStreet downgraded shares of MiX Telematics from a “b-” rating to a “c+” rating in a research report on Friday, March 27th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price objective (down previously from $30.00) on shares of MiX Telematics in a research report on Thursday, May 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.67.
MIXT traded up $0.17 on Friday, reaching $8.99. 34,000 shares of the company’s stock were exchanged, compared to its average volume of 94,299. The company’s 50 day moving average is $8.74 and its 200-day moving average is $10.91. The company has a market cap of $199.16 million, a price-to-earnings ratio of 20.43 and a beta of 1.01. MiX Telematics has a twelve month low of $6.64 and a twelve month high of $16.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.93.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 19th will be paid a dividend of $0.0595 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, June 18th. MiX Telematics’s dividend payout ratio (DPR) is currently 26.09%.
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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