Wall Street brokerages forecast that MiX Telematics Limited (NYSE:MIXT) will report earnings of $0.10 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MiX Telematics’ earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.10. MiX Telematics reported earnings per share of $0.17 during the same quarter last year, which would suggest a negative year-over-year growth rate of 41.2%. The company is expected to issue its next quarterly earnings report on Thursday, January 27th.
On average, analysts expect that MiX Telematics will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.45. For the next year, analysts anticipate that the firm will report earnings of $0.49 per share, with EPS estimates ranging from $0.45 to $0.52. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow MiX Telematics.
MiX Telematics (NYSE:MIXT) last announced its quarterly earnings data on Thursday, October 28th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $36.07 million for the quarter, compared to analysts’ expectations of $34.35 million. MiX Telematics had a net margin of 8.97% and a return on equity of 9.98%.
NYSE:MIXT opened at $11.41 on Monday. The company has a market cap of $276.81 million, a P/E ratio of 20.02 and a beta of 0.91. MiX Telematics has a fifty-two week low of $10.49 and a fifty-two week high of $16.79. The firm’s 50 day moving average is $11.76 and its two-hundred day moving average is $12.92.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 2nd. Shareholders of record on Friday, November 19th were issued a dividend of $0.0647 per share. This represents a $0.26 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Thursday, November 18th. MiX Telematics’s dividend payout ratio is currently 33.33%.
A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in shares of MiX Telematics by 62.9% in the 2nd quarter. Bank of America Corp DE now owns 3,884 shares of the technology company’s stock worth $64,000 after buying an additional 1,500 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in MiX Telematics by 97.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 4,322 shares of the technology company’s stock valued at $72,000 after purchasing an additional 2,135 shares during the last quarter. BlackRock Inc. lifted its position in MiX Telematics by 24.6% in the 3rd quarter. BlackRock Inc. now owns 7,412 shares of the technology company’s stock valued at $91,000 after purchasing an additional 1,462 shares during the last quarter. New York State Common Retirement Fund bought a new stake in MiX Telematics in the 2nd quarter valued at about $126,000. Finally, Morgan Stanley lifted its position in MiX Telematics by 1,436.5% in the 3rd quarter. Morgan Stanley now owns 12,661 shares of the technology company’s stock valued at $156,000 after purchasing an additional 11,837 shares during the last quarter. 36.86% of the stock is owned by institutional investors.
MiX Telematics Company Profile
MiX Telematics Ltd. engages in the provision of fleet and mobile asset management solutions. It focuses on the following industries: fast moving consumer goods, utilities, security, construction, transport and distribution, emergency services, government, rental and leasing, mining, oil and gas, and public transport.
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