Analysts Anticipate MiX Telematics Ltd – (MIXT) Will Post Quarterly Sales of $35.68 Million
Wall Street brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to post $35.68 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for MiX Telematics’ earnings, with estimates ranging from $34.13 million to $36.59 million. MiX Telematics posted sales of $38.35 million in the same quarter last year, which would indicate a negative year over year growth rate of 7%. The company is expected to report its next earnings report on Thursday, May 9th.
According to Zacks, analysts expect that MiX Telematics will report full year sales of $140.84 million for the current year, with estimates ranging from $133.39 million to $144.69 million. For the next financial year, analysts expect that the firm will report sales of $152.53 million, with estimates ranging from $141.11 million to $160.67 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover MiX Telematics.
MiX Telematics (NYSE:MIXT) last issued its earnings results on Thursday, January 31st. The technology company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.05. The business had revenue of $35.73 million for the quarter, compared to the consensus estimate of $34.69 million. MiX Telematics had a net margin of 10.01% and a return on equity of 14.39%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its stake in shares of MiX Telematics by 392.9% during the fourth quarter. Advisor Group Inc. now owns 8,892 shares of the technology company’s stock valued at $139,000 after purchasing an additional 7,088 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of MiX Telematics during the fourth quarter valued at approximately $187,000. Raymond James & Associates boosted its stake in shares of MiX Telematics by 41.2% during the fourth quarter. Raymond James & Associates now owns 17,785 shares of the technology company’s stock valued at $278,000 after purchasing an additional 5,190 shares in the last quarter. Jane Street Group LLC bought a new position in shares of MiX Telematics during the fourth quarter valued at approximately $283,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of MiX Telematics by 642.6% during the fourth quarter. Advisors Asset Management Inc. now owns 27,586 shares of the technology company’s stock valued at $432,000 after purchasing an additional 23,871 shares in the last quarter. Hedge funds and other institutional investors own 38.18% of the company’s stock.
MIXT stock traded down $0.40 during mid-day trading on Thursday, reaching $17.48. The company had a trading volume of 75,469 shares, compared to its average volume of 83,365. The company has a market capitalization of $394.65 million, a P/E ratio of 30.14, a P/E/G ratio of 1.01 and a beta of 0.76. MiX Telematics has a 12 month low of $13.01 and a 12 month high of $21.00.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 22nd were paid a dividend of $0.0545 per share. The ex-dividend date was Thursday, February 21st. This is an increase from MiX Telematics’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.25%. MiX Telematics’s dividend payout ratio (DPR) is currently 27.59%.
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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