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.
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.
Featured Story: Initial Public Offering (IPO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MiX Telematics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MiX Telematics and related companies with MarketBeat.com's FREE daily email newsletter.