Brokerages Anticipate MiX Telematics Ltd – (NYSE:MIXT) Will Announce Earnings of -$0.04 Per Share

Equities analysts predict that MiX Telematics Ltd – (NYSE:MIXT) will post earnings of ($0.04) per share for the current quarter, Zacks reports. Two analysts have issued estimates for MiX Telematics’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at $0.00. MiX Telematics reported earnings of $0.19 per share during the same quarter last year, which indicates a negative year over year growth rate of 121.1%. The firm is scheduled to issue its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that MiX Telematics will report full year earnings of ($0.06) per share for the current year, with EPS estimates ranging from ($0.12) to $0.00. For the next year, analysts anticipate that the company will post earnings of $0.03 per share, with EPS estimates ranging from $0.02 to $0.03. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for MiX Telematics.

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

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

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

A number of institutional investors and hedge funds have recently bought and sold shares of MIXT. Disciplined Growth Investors Inc. MN increased its position in MiX Telematics by 41.3% during 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 purchasing an additional 457,592 shares in the last quarter. Roumell Asset Management LLC acquired a new stake in MiX Telematics during the 4th quarter worth approximately $1,960,000. Bandera Partners LLC increased its position in MiX Telematics by 30.8% during the 1st quarter. Bandera Partners LLC now owns 537,941 shares of the technology company’s stock worth $4,653,000 after purchasing an additional 126,791 shares in the last quarter. Wellington Management Group LLP boosted its holdings in 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 acquiring an additional 111,291 shares during the period. Finally, Morgan Stanley boosted its holdings in MiX Telematics by 15,557.0% in the 1st quarter. Morgan Stanley now owns 78,598 shares of the technology company’s stock worth $680,000 after acquiring an additional 78,096 shares during the period. 35.86% of the stock is owned by hedge funds and other institutional investors.

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.

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

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