Wall Street analysts predict that MiX Telematics Ltd – (NYSE:MIXT) will post $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for MiX Telematics’ earnings, with estimates ranging from $0.08 to $0.18. MiX Telematics posted earnings per share of $0.10 during the same quarter last year, which indicates a positive year over year growth rate of 30%. The business is expected to report its next earnings results on Thursday, May 24th.

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 financial year, analysts expect that the company will report earnings of $0.68 per share, with EPS estimates ranging from $0.59 to $0.87. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover MiX Telematics.

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

Several research firms recently weighed in on MIXT. Zacks Investment Research raised MiX Telematics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, October 20th. Canaccord Genuity reissued a “buy” rating and set a $20.00 price target on shares of MiX Telematics in a research report on Thursday, February 1st. BidaskClub raised MiX Telematics from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Finally, ValuEngine lowered MiX Telematics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $15.50.

MiX Telematics (MIXT) traded down $0.12 during trading hours on Friday, reaching $13.78. The company had a trading volume of 82,507 shares, compared to its average volume of 67,976. The firm has a market capitalization of $312.60, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76. MiX Telematics has a 52-week low of $5.59 and a 52-week high of $14.41.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Friday, February 23rd will be given a $0.052 dividend. This is a positive change from MiX Telematics’s previous quarterly dividend of $0.04. This represents a $0.21 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, February 22nd. MiX Telematics’s dividend payout ratio is presently 26.00%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of MiX Telematics during the 3rd quarter valued at about $103,000. Smith Asset Management Group LP acquired a new position in shares of MiX Telematics during the 3rd quarter valued at about $114,000. New York State Common Retirement Fund increased its holdings in shares of MiX Telematics by 47.6% during the 2nd quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock valued at $164,000 after acquiring an additional 6,708 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of MiX Telematics by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock valued at $188,000 after acquiring an additional 10,912 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of MiX Telematics by 19.8% during the 3rd quarter. Royce & Associates LP now owns 69,485 shares of the technology company’s stock valued at $689,000 after acquiring an additional 11,500 shares during the last quarter. 27.19% of the stock is currently owned by institutional investors and hedge funds.

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MiX Telematics Company Profile

MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.

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

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