MiX Telematics Ltd – (MIXT) Expected to Post Earnings of $0.04 Per Share

Equities research analysts expect that MiX Telematics Ltd – (NYSE:MIXT) will post earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for MiX Telematics Ltd -‘s earnings, with estimates ranging from $0.02 to $0.06. MiX Telematics Ltd – posted earnings of $0.06 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, May 25th.

According to Zacks, analysts expect that MiX Telematics Ltd – will report full-year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.26 to $0.29. For the next financial year, analysts anticipate that the company will report earnings of $0.34 per share, with EPS estimates ranging from $0.30 to $0.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover MiX Telematics Ltd -.

MiX Telematics Ltd – (NYSE:MIXT) last issued its quarterly earnings data on Thursday, February 2nd. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm earned $29.20 million during the quarter, compared to the consensus estimate of $372.07 million. MiX Telematics Ltd – had a net margin of 6.83% and a return on equity of 6.08%.

Several equities research analysts have recently commented on MIXT shares. Zacks Investment Research lowered shares of MiX Telematics Ltd – from a “buy” rating to a “hold” rating in a report on Saturday, March 18th. CIBC restated a “market perform” rating on shares of MiX Telematics Ltd – in a report on Thursday, January 12th. Canaccord Genuity restated a “buy” rating and issued a $10.50 price target on shares of MiX Telematics Ltd – in a report on Thursday, February 2nd. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of MiX Telematics Ltd – in a report on Thursday, January 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. MiX Telematics Ltd – currently has a consensus rating of “Buy” and a consensus price target of $7.81.

Shares of MiX Telematics Ltd – (NYSE:MIXT) remained flat at $6.34 during trading on Tuesday. 11,282 shares of the stock traded hands. The company has a market cap of $142.88 million, a PE ratio of 25.36 and a beta of 0.84. MiX Telematics Ltd – has a 12 month low of $3.95 and a 12 month high of $8.14. The company has a 50 day moving average price of $6.55 and a 200-day moving average price of $6.57.

Several large investors have recently bought and sold shares of MIXT. Polar Capital LLP acquired a new stake in MiX Telematics Ltd – during the third quarter valued at approximately $2,800,000. Formula Growth Ltd. raised its stake in MiX Telematics Ltd – by 11.8% in the third quarter. Formula Growth Ltd. now owns 377,591 shares of the technology company’s stock valued at $2,413,000 after buying an additional 40,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in MiX Telematics Ltd – by 6.9% in the fourth quarter. Renaissance Technologies LLC now owns 353,800 shares of the technology company’s stock valued at $2,190,000 after buying an additional 22,900 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in MiX Telematics Ltd – by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 335,404 shares of the technology company’s stock valued at $2,113,000 after buying an additional 2,778 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in MiX Telematics Ltd – by 86.2% in the third quarter. Acadian Asset Management LLC now owns 100,362 shares of the technology company’s stock valued at $644,000 after buying an additional 46,463 shares in the last quarter. Institutional investors and hedge funds own 14.69% of the company’s stock.

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About MiX Telematics Ltd –

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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