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%.

A number of equities analysts have commented on MIXT shares. Raymond James upped their target price on shares of MiX Telematics from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research note on Friday, December 7th. ValuEngine upgraded shares of MiX Telematics from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded shares of MiX Telematics from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd.

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

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