MiX Telematics (NYSE:MIXT) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.78-0.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.76. The company issued revenue guidance of $151.7-153.8 million, compared to the consensus revenue estimate of $147.74 million.MiX Telematics also updated its FY20 guidance to ZAR0.45-0.50 EPS.
Shares of NYSE MIXT opened at $17.23 on Thursday. MiX Telematics has a 12-month low of $13.01 and a 12-month high of $20.50. The stock has a market cap of $378.39 million, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 0.85 and a beta of 0.75.
MiX Telematics (NYSE:MIXT) last posted its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. MiX Telematics had a net margin of 10.01% and a return on equity of 14.39%. The business had revenue of $507.90 million during the quarter, compared to analysts’ expectations of $495.61 million. During the same quarter in the prior year, the company posted $0.10 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts expect that MiX Telematics will post 0.67 earnings per share for the current year.
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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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