Wall Street brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to report $35.29 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for MiX Telematics’ earnings, with the lowest sales estimate coming in at $34.01 million and the highest estimate coming in at $36.72 million. MiX Telematics posted sales of $35.73 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.2%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, January 30th.
According to Zacks, analysts expect that MiX Telematics will report full year sales of $143.47 million for the current year, with estimates ranging from $141.90 million to $146.41 million. For the next financial year, analysts forecast that the business will post sales of $155.00 million, with estimates ranging from $154.54 million to $155.76 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MiX Telematics.
MiX Telematics (NYSE:MIXT) last posted its earnings results on Thursday, October 31st. The technology company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). MiX Telematics had a return on equity of 15.49% and a net margin of 11.80%. The business had revenue of $35.50 million for the quarter, compared to the consensus estimate of $37.45 million.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of MiX Telematics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 1st. ValuEngine upgraded shares of MiX Telematics from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st.
Shares of NYSE MIXT traded up $0.02 during midday trading on Friday, reaching $14.78. The stock had a trading volume of 54,500 shares, compared to its average volume of 46,717. The firm has a market cap of $317.25 million, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 0.74 and a beta of 0.77. MiX Telematics has a twelve month low of $11.96 and a twelve month high of $20.07. The company’s 50 day moving average price is $12.88 and its 200 day moving average price is $13.64.
Hedge funds and other institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new position in shares of MiX Telematics in the 3rd quarter worth approximately $291,000. Gabelli Funds LLC lifted its position in shares of MiX Telematics by 12.7% in the 3rd quarter. Gabelli Funds LLC now owns 35,000 shares of the technology company’s stock worth $488,000 after purchasing an additional 3,934 shares during the period. Invesco Ltd. lifted its position in shares of MiX Telematics by 11.5% in the 2nd quarter. Invesco Ltd. now owns 66,233 shares of the technology company’s stock worth $995,000 after purchasing an additional 6,854 shares during the period. Boston Partners lifted its position in shares of MiX Telematics by 55.0% in the 2nd quarter. Boston Partners now owns 73,962 shares of the technology company’s stock worth $1,112,000 after purchasing an additional 26,254 shares during the period. Finally, Granahan Investment Management Inc. MA lifted its position in shares of MiX Telematics by 114.9% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 83,186 shares of the technology company’s stock worth $1,160,000 after purchasing an additional 44,474 shares during the period. Hedge funds and other institutional investors own 38.11% of the company’s stock.
MiX Telematics Company Profile
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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