MiX Telematics Ltd – (NYSE:MIXT) Expected to Announce Earnings of -$0.04 Per Share

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.

Several institutional investors have recently added to or reduced their stakes in MIXT. Disciplined Growth Investors Inc. MN boosted its stake in shares of MiX Telematics by 41.3% during the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,564,394 shares of the technology company’s stock valued at $13,532,000 after buying an additional 457,592 shares during the last quarter. Roumell Asset Management LLC bought a new position in MiX Telematics during the fourth quarter worth $1,960,000. Bandera Partners LLC lifted its stake in MiX Telematics by 30.8% during the first quarter. Bandera Partners LLC now owns 537,941 shares of the technology company’s stock worth $4,653,000 after purchasing an additional 126,791 shares during the last quarter. Wellington Management Group LLP lifted its stake in MiX Telematics by 12.3% during the first quarter. Wellington Management Group LLP now owns 1,019,035 shares of the technology company’s stock worth $8,815,000 after purchasing an additional 111,291 shares during the last quarter. Finally, Morgan Stanley lifted its stake in MiX Telematics by 15,557.0% during the first quarter. Morgan Stanley now owns 78,598 shares of the technology company’s stock worth $680,000 after purchasing an additional 78,096 shares during the last quarter. Institutional investors own 35.86% of the company’s stock.

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

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