Equities analysts expect MiX Telematics Ltd – (NYSE:MIXT) to report $30.70 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for MiX Telematics’ earnings. The lowest sales estimate is $29.66 million and the highest is $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 issue 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 year, with estimates ranging from $117.29 million to $124.04 million. For the next year, analysts expect that the firm 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 calculations are a mean average based on a survey of research firms that follow MiX Telematics.
A number of brokerages have recently issued reports on MIXT. ValuEngine downgraded shares of MiX Telematics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub upgraded shares of MiX Telematics from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of MiX Telematics from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity raised their price target on shares of MiX Telematics from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.00.
Shares of MiX Telematics (NYSE MIXT) traded down $0.12 during midday trading on Tuesday, hitting $12.62. 88,500 shares of the stock were exchanged, compared to its average volume of 53,060. The firm has a market cap 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 fifty-two week low of $5.59 and a fifty-two week high of $13.17.
WARNING: This article was first published by BBNS and is the property of of BBNS. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://baseballnewssource.com/markets/analysts-expect-mix-telematics-ltd-mixt-will-post-quarterly-sales-of-30-70-million/1820702.html.
About MiX Telematics
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.
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.