Brokerages forecast that MiX Telematics Ltd – (NYSE:MIXT) will report $35.48 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for MiX Telematics’ earnings, with the highest sales estimate coming in at $36.10 million and the lowest estimate coming in at $34.60 million. MiX Telematics posted sales of $33.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The business is expected to issue its next earnings results before the market opens on Thursday, August 1st.

On average, analysts expect that MiX Telematics will report full year sales of $152.80 million for the current fiscal year, with estimates ranging from $151.83 million to $153.69 million. For the next year, analysts forecast that the business will report sales of $167.89 million, with estimates ranging from $161.96 million to $171.59 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover MiX Telematics.

MiX Telematics (NYSE:MIXT) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The business had revenue of $507.90 million during the quarter, compared to analyst estimates of $495.61 million. MiX Telematics had a net margin of 10.16% and a return on equity of 15.05%. MiX Telematics’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share.

A number of brokerages recently weighed in on MIXT. ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research lowered shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday.

Several institutional investors have recently modified their holdings of MIXT. Acadian Asset Management LLC grew its holdings in MiX Telematics by 11.9% during the 1st quarter. Acadian Asset Management LLC now owns 903,596 shares of the technology company’s stock worth $15,066,000 after acquiring an additional 95,981 shares during the period. Rice Hall James & Associates LLC grew its holdings in MiX Telematics by 17.9% during the 1st quarter. Rice Hall James & Associates LLC now owns 605,023 shares of the technology company’s stock worth $10,086,000 after acquiring an additional 91,778 shares during the period. Cortina Asset Management LLC grew its holdings in MiX Telematics by 105.3% during the 2nd quarter. Cortina Asset Management LLC now owns 326,846 shares of the technology company’s stock worth $4,912,000 after acquiring an additional 167,635 shares during the period. Millennium Management LLC grew its holdings in MiX Telematics by 78.2% during the 4th quarter. Millennium Management LLC now owns 230,023 shares of the technology company’s stock worth $3,600,000 after acquiring an additional 100,932 shares during the period. Finally, Quantum Capital Management grew its holdings in MiX Telematics by 0.7% during the 1st quarter. Quantum Capital Management now owns 207,184 shares of the technology company’s stock worth $3,454,000 after acquiring an additional 1,408 shares during the period. 39.80% of the stock is owned by institutional investors and hedge funds.

Shares of MiX Telematics stock traded up $0.02 during midday trading on Friday, reaching $15.25. The company had a trading volume of 20,661 shares, compared to its average volume of 63,062. The firm has a market cap of $344.30 million, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. The company’s fifty day moving average is $15.56. MiX Telematics has a 1-year low of $13.01 and a 1-year high of $20.07.

About MiX Telematics

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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