Wall Street analysts predict that MiX Telematics Ltd – (NYSE:MIXT) will announce earnings of $0.20 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for MiX Telematics’ earnings. The lowest EPS estimate is $0.19 and the highest is $0.21. MiX Telematics posted earnings of $0.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The firm is expected to announce its next earnings results on Thursday, November 7th.
According to Zacks, analysts expect that MiX Telematics will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.82 to $0.89. For the next fiscal year, analysts anticipate that the business will post earnings of $0.95 per share, with EPS estimates ranging from $0.89 to $0.98. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for MiX Telematics.
MiX Telematics (NYSE:MIXT) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $521.70 million during the quarter, compared to analysts’ expectations of $513.93 million. MiX Telematics had a net margin of 12.47% and a return on equity of 15.23%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS.
Shares of MiX Telematics stock traded down $0.05 during trading on Friday, hitting $14.50. 3,000 shares of the stock were exchanged, compared to its average volume of 90,057. The company has a market cap of $322.44 million, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.67 and a beta of 0.74. The business’s 50-day simple moving average is $15.20. MiX Telematics has a 12-month low of $13.01 and a 12-month high of $20.07.
The business also recently declared a dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 23rd will be paid a dividend of $0.051 per share. This is a positive change from MiX Telematics’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, August 22nd. MiX Telematics’s dividend payout ratio (DPR) is currently 28.00%.
A number of large investors have recently made changes to their positions in MIXT. Cortina Asset Management LLC increased its stake in MiX Telematics by 105.3% in the second quarter. Cortina Asset Management LLC now owns 326,846 shares of the technology company’s stock valued at $4,912,000 after purchasing an additional 167,635 shares during the period. CWM LLC acquired a new position in MiX Telematics in the second quarter valued at $2,397,000. Marshall Wace LLP increased its stake in MiX Telematics by 379.1% in the first quarter. Marshall Wace LLP now owns 162,955 shares of the technology company’s stock valued at $2,717,000 after purchasing an additional 128,941 shares during the period. Millennium Management LLC increased its stake in MiX Telematics by 78.2% in the fourth quarter. Millennium Management LLC now owns 230,023 shares of the technology company’s stock valued at $3,600,000 after purchasing an additional 100,932 shares during the period. Finally, Acadian Asset Management LLC increased its stake in MiX Telematics by 11.9% in the first quarter. Acadian Asset Management LLC now owns 903,596 shares of the technology company’s stock valued at $15,066,000 after purchasing an additional 95,981 shares during the period. Hedge funds and other institutional investors own 39.71% of the company’s stock.
About MiX Telematics
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MiX Telematics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MiX Telematics and related companies with MarketBeat.com's FREE daily email newsletter.