Zacks: Analysts Expect Mix Telematics (MIXT) Will Post Earnings of $0.13 Per Share

Analysts forecast that Mix Telematics (NYSE:MIXT) will report earnings of $0.13 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Mix Telematics’ earnings, with estimates ranging from $0.08 to $0.18. Mix Telematics posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The business is scheduled to issue its next earnings report before the market opens on Thursday, May 10th.

On average, analysts expect that Mix Telematics will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.49 to $0.55. For the next fiscal year, analysts forecast that the business will report earnings of $0.68 per share, with EPS estimates ranging from $0.59 to $0.87. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Mix Telematics.

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Mix Telematics (NYSE:MIXT) last announced its earnings results on Thursday, February 1st. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $442.00 million during the quarter, compared to the consensus estimate of $427.11 million. Mix Telematics had a net margin of 9.07% and a return on equity of 9.14%. Mix Telematics’s revenue for the quarter was up 10.2% on a year-over-year basis.

Several brokerages have weighed in on MIXT. Zacks Investment Research downgraded shares of Mix Telematics from a “buy” rating to a “hold” rating in a research note on Saturday, March 17th. Canaccord Genuity restated a “buy” rating and issued a $20.00 target price on shares of Mix Telematics in a research note on Thursday, February 1st. Finally, ValuEngine upgraded shares of Mix Telematics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Mix Telematics has a consensus rating of “Buy” and a consensus target price of $19.00.

Shares of MIXT opened at $16.92 on Friday. The company has a market capitalization of $377.14, a price-to-earnings ratio of 54.58, a PEG ratio of 1.83 and a beta of 0.42. Mix Telematics has a twelve month low of $5.59 and a twelve month high of $17.18.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its holdings in shares of Mix Telematics by 7.9% in the fourth quarter. Renaissance Technologies LLC now owns 826,800 shares of the technology company’s stock worth $10,550,000 after buying an additional 60,200 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in shares of Mix Telematics by 557.3% in the fourth quarter. Disciplined Growth Investors Inc. MN now owns 818,867 shares of the technology company’s stock worth $10,449,000 after buying an additional 694,278 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Mix Telematics by 4.9% in the fourth quarter. Acadian Asset Management LLC now owns 724,517 shares of the technology company’s stock worth $9,245,000 after buying an additional 33,930 shares during the last quarter. GCA Investment Management LLC raised its holdings in shares of Mix Telematics by 36.0% in the fourth quarter. GCA Investment Management LLC now owns 706,845 shares of the technology company’s stock worth $9,019,000 after buying an additional 187,040 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mix Telematics by 37.2% in the third quarter. Bank of New York Mellon Corp now owns 79,970 shares of the technology company’s stock worth $793,000 after buying an additional 21,677 shares during the last quarter. 32.38% of the stock is owned by institutional investors and hedge funds.

Mix Telematics Company Profile

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)