Mix Telematics (MIXT) Expected to Post Earnings of $0.15 Per Share

Wall Street analysts predict that Mix Telematics (NYSE:MIXT) will post earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mix Telematics’ earnings, with estimates ranging from $0.14 to $0.16. Mix Telematics reported earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The company is expected to report its next quarterly earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Mix Telematics will report full-year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.59 to $0.63. For the next fiscal year, analysts expect that the firm will post earnings of $0.75 per share, with EPS estimates ranging from $0.68 to $0.81. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mix Telematics.

Mix Telematics (NYSE:MIXT) last released its quarterly earnings results on Thursday, May 10th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $432.93 million. Mix Telematics had a return on equity of 10.73% and a net margin of 10.75%. The firm’s revenue was up 15.9% compared to the same quarter last year.



A number of brokerages recently commented on MIXT. Zacks Investment Research cut Mix Telematics from a “buy” rating to a “hold” rating in a report on Wednesday, May 16th. ValuEngine raised Mix Telematics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 2nd. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $20.00 target price on shares of Mix Telematics in a report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Mix Telematics currently has a consensus rating of “Buy” and an average price target of $21.00.

A number of hedge funds have recently modified their holdings of the business. Summit Trail Advisors LLC increased its stake in Mix Telematics by 1,425.2% in the 1st quarter. Summit Trail Advisors LLC now owns 258,537 shares of the technology company’s stock worth $259,000 after buying an additional 241,586 shares in the last quarter. Navellier & Associates Inc purchased a new stake in Mix Telematics in the 1st quarter worth $552,000. Millennium Management LLC increased its stake in Mix Telematics by 52.6% in the 1st quarter. Millennium Management LLC now owns 86,517 shares of the technology company’s stock worth $1,345,000 after buying an additional 29,827 shares in the last quarter. Barometer Capital Management Inc. purchased a new stake in Mix Telematics in the 1st quarter worth $961,000. Finally, Sei Investments Co. increased its stake in Mix Telematics by 47.2% in the 1st quarter. Sei Investments Co. now owns 14,155 shares of the technology company’s stock worth $220,000 after buying an additional 4,538 shares in the last quarter. Institutional investors and hedge funds own 33.53% of the company’s stock.

Shares of Mix Telematics stock opened at $19.64 on Wednesday. Mix Telematics has a one year low of $6.53 and a one year high of $21.00. The firm has a market capitalization of $445.51 million, a P/E ratio of 37.38, a P/E/G ratio of 1.61 and a beta of 0.42.

The business also recently announced a special dividend, which will be paid on Thursday, June 14th. Investors of record on Friday, June 1st will be issued a $0.0592 dividend. This is a boost from Mix Telematics’s previous special dividend of $0.03. The ex-dividend date is Thursday, May 31st. Mix Telematics’s dividend payout ratio (DPR) is currently 27.59%.

About Mix Telematics

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

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