MiX Telematics Ltd – (NYSE:MIXT) Expected to Announce Quarterly Sales of $35.29 Million

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Analysts expect MiX Telematics Ltd – (NYSE:MIXT) to post sales of $35.29 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for MiX Telematics’ earnings, with estimates ranging from $34.01 million to $36.72 million. MiX Telematics reported sales of $35.73 million in the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The company is scheduled to report its next quarterly earnings report on Thursday, January 30th.

According to Zacks, analysts expect that MiX Telematics will report full-year sales of $143.47 million for the current year, with estimates ranging from $141.90 million to $146.41 million. For the next year, analysts expect that the business will post sales of $155.00 million, with estimates ranging from $154.54 million to $155.76 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover MiX Telematics.

Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of MiX Telematics from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. ValuEngine upgraded shares of MiX Telematics from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA raised its position in shares of MiX Telematics by 114.9% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 83,186 shares of the technology company’s stock worth $1,160,000 after buying an additional 44,474 shares in the last quarter. Quantum Capital Management raised its stake in MiX Telematics by 1.3% during the third quarter. Quantum Capital Management now owns 233,903 shares of the technology company’s stock valued at $3,263,000 after buying an additional 3,094 shares during the last quarter. Boston Partners raised its stake in MiX Telematics by 26.1% during the third quarter. Boston Partners now owns 93,284 shares of the technology company’s stock valued at $1,301,000 after buying an additional 19,322 shares during the last quarter. Gabelli Funds LLC raised its stake in MiX Telematics by 12.7% during the third quarter. Gabelli Funds LLC now owns 35,000 shares of the technology company’s stock valued at $488,000 after buying an additional 3,934 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in MiX Telematics by 31.0% during the third quarter. Russell Investments Group Ltd. now owns 323,564 shares of the technology company’s stock valued at $4,521,000 after buying an additional 76,510 shares during the last quarter. 39.48% of the stock is owned by hedge funds and other institutional investors.

MIXT traded down $0.07 during trading on Thursday, reaching $12.15. The company’s stock had a trading volume of 14,453 shares, compared to its average volume of 76,460. The firm has a fifty day simple moving average of $12.65 and a two-hundred day simple moving average of $14.45. MiX Telematics has a 1 year low of $11.99 and a 1 year high of $20.07. The company has a market cap of $275.93 million, a price-to-earnings ratio of 16.20, a PEG ratio of 0.64 and a beta of 0.82.

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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