MiX Telematics Limited (MIXT) Updates FY17 Earnings Guidance
MiX Telematics Limited (NYSE:MIXT) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of ZAR0.22-0.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of ZAR1.66-1.69 billion, compared to the consensus revenue estimate of $1.62 billion.
Several analysts have commented on the stock. Canaccord Genuity lifted their price objective on shares of MiX Telematics Limited from $12.00 to $15.00 and gave the company a buy rating in a research note on Friday. Zacks Investment Research upgraded shares of MiX Telematics Limited from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Friday, October 20th. ValuEngine cut shares of MiX Telematics Limited from a buy rating to a hold rating in a research note on Tuesday, August 8th. Finally, TheStreet upgraded shares of MiX Telematics Limited from a c+ rating to a b- rating in a research note on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. MiX Telematics Limited currently has an average rating of Hold and a consensus price target of $13.00.
Shares of MiX Telematics Limited (NYSE:MIXT) traded up $0.83 during midday trading on Friday, reaching $10.86. 54,867 shares of the company traded hands, compared to its average volume of 70,223. The company has a market capitalization of $234.57 million, a PE ratio of 25.61 and a beta of 0.81.
MiX Telematics Limited (NYSE:MIXT) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $31.08 million during the quarter, compared to analysts’ expectations of $31.22 million. MiX Telematics Limited had a return on equity of 9.07% and a net margin of 7.73%. equities research analysts forecast that MiX Telematics Limited will post 0.39 earnings per share for the current fiscal year.
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MiX Telematics Limited 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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