Press coverage about Mix Telematics (NYSE:MIXT) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mix Telematics earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.0816365525646 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- MiX Telematics’ (MIXT) CEO Stefan Joselowitz on Q4 2018 Results – Earnings Call Transcript (seekingalpha.com)
- William Blair Research Analysts Increase Earnings Estimates for Mix Telematics (MIXT) (americanbankingnews.com)
- Mix Telematics Expected to Post Q1 2019 Earnings of $0.16 Per Share (MIXT) (americanbankingnews.com)
- Mix Telematics (MIXT) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS (americanbankingnews.com)
- Mix Telematics to Post Q2 2019 Earnings of $0.20 Per Share, First Analysis Forecasts (MIXT) (americanbankingnews.com)
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Mix Telematics from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mix Telematics in a research note on Thursday, February 1st. Finally, ValuEngine raised shares of Mix Telematics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $21.00.
Shares of Mix Telematics opened at $19.19 on Friday, according to Marketbeat Ratings. Mix Telematics has a 12-month low of $18.97 and a 12-month high of $19.51. The stock has a market cap of $429.99 million, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42.
Mix Telematics (NYSE:MIXT) last posted its quarterly earnings results on Thursday, May 10th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. Mix Telematics had a net margin of 10.75% and a return on equity of 10.73%. The business had revenue of $453.50 million during the quarter, compared to analysts’ expectations of $432.93 million. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities analysts expect that Mix Telematics will post 0.61 earnings per share for the current year.
Mix Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; and MiX Fleet Manager Essential for monitoring drivers and vehicles.
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