Equities research analysts expect MiX Telematics Ltd – (NYSE:MIXT) to announce $30.70 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for MiX Telematics’ earnings, with estimates ranging from $29.66 million to $31.93 million. MiX Telematics reported sales of $29.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 1st.
According to Zacks, analysts expect that MiX Telematics will report full-year sales of $30.70 million for the current financial year, with estimates ranging from $117.29 million to $124.04 million. For the next fiscal year, analysts forecast that the business will post sales of $129.78 million per share, with estimates ranging from $126.27 million to $136.05 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow MiX Telematics.
A number of equities research analysts recently commented on the company. ValuEngine downgraded MiX Telematics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub upgraded MiX Telematics from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Zacks Investment Research downgraded MiX Telematics from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Canaccord Genuity boosted their target price on MiX Telematics from $12.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
MiX Telematics (MIXT) traded down $0.12 during trading hours on Tuesday, hitting $12.62. The company had a trading volume of 88,500 shares, compared to its average volume of 53,060. The stock has a market capitalization of $285.06, a P/E ratio of 31.55, a P/E/G ratio of 1.65 and a beta of 0.89. MiX Telematics has a 12 month low of $5.59 and a 12 month high of $13.17.
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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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