Equities research analysts forecast that MiX Telematics Ltd – (NYSE:MIXT) will post sales of $36.00 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for MiX Telematics’ earnings, with the lowest sales estimate coming in at $35.08 million and the highest estimate coming in at $36.47 million. MiX Telematics reported sales of $29.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 23.4%. The business is scheduled to issue its next earnings report on Thursday, May 24th.

On average, analysts expect that MiX Telematics will report full year sales of $36.00 million for the current year, with estimates ranging from $136.94 million to $142.35 million. For the next financial year, analysts anticipate that the firm will post sales of $150.89 million per share, with estimates ranging from $146.32 million to $153.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for MiX Telematics.

MiX Telematics (NYSE:MIXT) last issued its earnings results on Thursday, February 1st. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $442.00 million during the quarter, compared to analyst estimates of $427.11 million. MiX Telematics had a return on equity of 9.14% and a net margin of 9.07%. The firm’s revenue was up 10.2% compared to the same quarter last year.

MIXT has been the subject of a number of recent research reports. Zacks Investment Research upgraded MiX Telematics from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Friday, October 20th. Canaccord Genuity upped their target price on MiX Telematics from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. BidaskClub upgraded MiX Telematics from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded MiX Telematics from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. MiX Telematics has a consensus rating of “Buy” and a consensus price target of $15.50.

A number of large investors have recently made changes to their positions in MIXT. JPMorgan Chase & Co. grew its position in MiX Telematics by 84.4% in the second quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock valued at $188,000 after acquiring an additional 10,912 shares during the period. Ameriprise Financial Inc. grew its position in MiX Telematics by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 198,522 shares of the technology company’s stock valued at $1,564,000 after acquiring an additional 4,727 shares during the period. New York State Common Retirement Fund grew its position in MiX Telematics by 47.6% in the second quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock valued at $164,000 after acquiring an additional 6,708 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stake in MiX Telematics in the third quarter valued at $103,000. Finally, Boston Partners grew its position in MiX Telematics by 510.0% in the third quarter. Boston Partners now owns 375,500 shares of the technology company’s stock valued at $3,725,000 after acquiring an additional 313,945 shares during the period. Hedge funds and other institutional investors own 27.19% of the company’s stock.

MiX Telematics (NYSE:MIXT) opened at $13.78 on Monday. The company has a market capitalization of $309.90, a price-to-earnings ratio of 27.56, a P/E/G ratio of 1.79 and a beta of 0.76. MiX Telematics has a 12 month low of $5.59 and a 12 month high of $14.41.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Friday, February 23rd will be given a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 1.51%. This is a boost from MiX Telematics’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Thursday, February 22nd. MiX Telematics’s dividend payout ratio is 26.00%.

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MiX Telematics Company Profile

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

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