$25.55 Million in Sales Expected for MiX Telematics Ltd – (NYSE:MIXT) This Quarter

Analysts predict that MiX Telematics Ltd – (NYSE:MIXT) will announce sales of $25.55 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MiX Telematics’ earnings. The lowest sales estimate is $22.69 million and the highest is $28.40 million. MiX Telematics posted sales of $37.05 million in the same quarter last year, which suggests a negative year over year growth rate of 31%. The company is scheduled to report its next earnings report on Thursday, August 6th.

On average, analysts expect that MiX Telematics will report full year sales of $104.14 million for the current financial year, with estimates ranging from $91.38 million to $116.90 million. For the next fiscal year, analysts forecast that the business will post sales of $117.03 million, with estimates ranging from $95.66 million to $138.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for MiX Telematics.

MIXT has been the topic of a number of analyst reports. First Analysis lowered shares of MiX Telematics from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $21.00 to $19.00 in a research report on Monday, March 9th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective (down from $30.00) on shares of MiX Telematics in a research report on Thursday, May 28th. Oppenheimer reiterated a “hold” rating on shares of MiX Telematics in a research report on Thursday, May 28th. TheStreet lowered shares of MiX Telematics from a “b-” rating to a “c+” rating in a research report on Friday, March 27th. Finally, Zacks Investment Research lowered shares of MiX Telematics from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.67.

Hedge funds and other institutional investors have recently modified their holdings of the business. Roumell Asset Management LLC purchased a new stake in shares of MiX Telematics during the 4th quarter worth $1,960,000. Wellington Management Group LLP boosted its position in shares of MiX Telematics by 12.3% in the 1st quarter. Wellington Management Group LLP now owns 1,019,035 shares of the technology company’s stock worth $8,815,000 after buying an additional 111,291 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of MiX Telematics by 3.3% in the 1st quarter. Acadian Asset Management LLC now owns 818,019 shares of the technology company’s stock worth $7,074,000 after buying an additional 26,274 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of MiX Telematics by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 241,959 shares of the technology company’s stock worth $2,076,000 after buying an additional 10,976 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its position in shares of MiX Telematics by 41.3% in the 1st quarter. Disciplined Growth Investors Inc. MN now owns 1,564,394 shares of the technology company’s stock worth $13,532,000 after buying an additional 457,592 shares in the last quarter. Institutional investors own 35.86% of the company’s stock.

NYSE:MIXT traded up $0.17 during midday trading on Friday, reaching $8.99. The stock had a trading volume of 34,000 shares, compared to its average volume of 94,299. The firm has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $10.91. MiX Telematics has a 12-month low of $6.64 and a 12-month high of $16.44. The company has a quick ratio of 1.81, a current ratio of 1.93 and a debt-to-equity ratio of 0.05. The stock has a market cap of $199.16 million, a P/E ratio of 20.43 and a beta of 1.01.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 19th will be given a dividend of $0.0595 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.24 annualized dividend and a dividend yield of 2.65%. MiX Telematics’s payout ratio is currently 26.09%.

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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