MiX Telematics (MIXT) Updates FY 2020 Earnings Guidance

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.

Several analysts have recently weighed in on the stock. Zacks Investment Research cut shares of MiX Telematics from a buy rating to a hold rating in a research note on Wednesday, April 3rd. ValuEngine cut shares of MiX Telematics from a buy rating to a hold rating in a research note on Monday, March 25th.

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

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