Brokerages expect MiX Telematics Ltd – (NYSE:MIXT) to report $0.18 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for MiX Telematics’ earnings. The highest EPS estimate is $0.18 and the lowest is $0.17. MiX Telematics reported earnings of $0.19 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.3%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, January 30th.

On average, analysts expect that MiX Telematics will report full year earnings of $0.76 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.80. For the next year, analysts expect that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.81 to $0.88. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow MiX Telematics.

MiX Telematics (NYSE:MIXT) last announced its earnings results on Thursday, October 31st. The technology company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $35.50 million for the quarter, compared to analyst estimates of $37.45 million. MiX Telematics had a net margin of 11.80% and a return on equity of 15.49%.

Several research firms have recently issued reports on MIXT. ValuEngine upgraded MiX Telematics from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Zacks Investment Research upgraded MiX Telematics from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 1st.

Several hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of MiX Telematics by 1.8% during the second quarter. Renaissance Technologies LLC now owns 774,925 shares of the technology company’s stock worth $11,647,000 after purchasing an additional 13,625 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of MiX Telematics by 31.0% during the third quarter. Russell Investments Group Ltd. now owns 323,564 shares of the technology company’s stock worth $4,521,000 after purchasing an additional 76,510 shares during the last quarter. Quantum Capital Management boosted its holdings in shares of MiX Telematics by 1.3% during the third quarter. Quantum Capital Management now owns 233,903 shares of the technology company’s stock worth $3,263,000 after purchasing an additional 3,094 shares during the last quarter. Boston Partners boosted its holdings in shares of MiX Telematics by 26.1% during the third quarter. Boston Partners now owns 93,284 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 19,322 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of MiX Telematics by 86.7% during the second quarter. Mackenzie Financial Corp now owns 87,798 shares of the technology company’s stock worth $1,320,000 after purchasing an additional 40,777 shares during the last quarter. Institutional investors and hedge funds own 38.11% of the company’s stock.

NYSE:MIXT traded up $0.02 during trading hours on Friday, reaching $14.78. 54,500 shares of the company traded hands, compared to its average volume of 46,717. The firm’s 50-day moving average is $12.88 and its 200-day moving average is $13.64. The stock has a market cap of $317.25 million, a P/E ratio of 19.71, a P/E/G ratio of 0.74 and a beta of 0.77. MiX Telematics has a 1-year low of $11.96 and a 1-year high of $20.07.

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

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