Analysts expect MiX Telematics Limited (NYSE: MIXT – Get Rating) to post earnings of $0.07 per share for the current fiscal quarter, according to Zacks. Two analysts have made earnings estimates for MiX Telematics, with the highest EPS estimate being $0.08 and the lowest estimate being $0.06. MiX Telematics reported earnings per share of $0.15 in the same quarter last year, indicating a negative growth rate of 53.3% year over year. The company is expected to announce its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect MiX Telematics to report annual earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.36 to $0.38. For the next fiscal year, analysts expect the company to post earnings of $0.40 per share, with EPS estimates ranging from $0.33 to $0.47. Zacks EPS averages are an average average based on a survey of analysts who provide coverage for MiX Telematics.

MiX Telematics (NYSE: MIXT – Get Rating) last released its quarterly earnings data on Thursday, February 3. The tech company reported earnings per share (EPS) of $0.07 for the quarter, missing the Zacks consensus estimate of $0.10 per ($0.03). MiX Telematics achieved a net margin of 5.83% and a return on equity of 8.27%. The company posted revenue of $36.21 million for the quarter, versus a consensus estimate of $35.26 million.

A number of research analysts have recently released MIXT stock reports. TheStreet upgraded MiX Telematics from a “b-” to a “c+” rating in a Thursday, February 3 report. StockNews.com began covering MiX Telematics in a report on Monday, April 11. They set a “buy” rating for the company. Zacks Investment Research upgraded MiX Telematics from a “sell” rating to a “hold” rating in a Wednesday, April 6 research report. Canaccord Genuity Group raised its target price on MiX Telematics from $21.00 to $22.00 in a Friday, February 4 research report. Finally, Canaccord Genuity Group raised its target price on MiX Telematics from $21.00 to $22.00 in a Friday, February 4 research report. One financial analyst gave the stock a hold rating, three gave the company a buy rating and one gave the company a high buy rating. According to data from MarketBeat.com, MiX Telematics has an average rating of “Buy” and an average target price of $19.00.

In other MiX Telematics news, Executive Vice President Catherine J. Lewis sold 69,778 shares of the company in a trade that took place on Thursday, March 10. The stock was sold at an average price of $0.49, for a total transaction of $34,191.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, CAO Paul M. Dell sold 123,565 shares of the company in a trade that took place on Tuesday, March 1. The stock was sold at an average price of $0.49, for a total value of $60,546.85. The disclosure of this sale can be found here. During the last quarter, insiders bought 11,465,275 shares of the company worth $5,461,914 and sold 312,795 shares worth $153,270. 23.40% of the shares are currently held by insiders.

A number of large investors have recently increased or reduced their holdings in MIXT. Meros Investment Management LP purchased a new equity stake in MiX Telematics during Q4 for a value of approximately $3,312,000. Edenbrook Capital LLC increased its equity stake in MiX Telematics by 11.9% during the 4th quarter. Edenbrook Capital LLC now owns 1,634,469 shares of the technology company worth $20,611,000 after purchasing an additional 174,343 shares last quarter. Wellington Management Group LLP increased its stake in shares of MiX Telematics by 8.9% during the 3rd quarter. Wellington Management Group LLP now owns 1,168,803 shares of the technology company worth $14,388,000 after buying an additional 95,400 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of MiX Telematics during Q3 worth approximately $317,000. Finally, Arrowstreet Capital Limited Partnership increased its equity stake in MiX Telematics by 39.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 74,216 shares of the technology company worth $914,000 after purchasing an additional 20,917 shares in the last quarter. 36.66% of the shares are held by hedge funds and other institutional investors.

Shares of MiX Telematics rose $0.16 during Friday’s trading, hitting $10.60. The company’s stock had a trading volume of 13,880 shares, compared to an average volume of 33,304. The stock has a 50-day moving average price of $11.53 and a two-hundred-day moving average price of 11 $.81. MiX Telematics has a one-year low of $10.21 and a one-year high of $16.79. The stock has a market capitalization of $256.59 million, a P/E ratio of 28.65 and a beta of 0.89.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 3. Investors of record on Friday, February 25 received a dividend of $0.05. The ex-dividend date was Thursday, February 24. This represents an annualized dividend of $0.20 and a dividend yield of 1.89%. MiX Telematics’ dividend payout ratio is currently 51.35%.

About MiX Telematics (Get a rating)

MiX Telematics Limited provides mobile fleet and asset management solutions through a Software as a Service (Saas) delivery model. The Company offers MiX Fleet Manager, a web-based application, which provides a commercial fleet management solution that gives the user live and historical views of driver and vehicle performance information, including vehicle tracking and status information, as well as alerts and notifications; MiX Asset Manager, a portfolio of asset tracking products including generators, light towers, storage tanks and pumps; and Matrix, a mobile asset management solution that offers real-time and historical vehicle tracking and positioning, unauthorized vehicle use alerts, emergency panic response, accident alerts , driver behavior alerts, fuel tax logs, and vehicle maintenance notifications for entry-level and consumer fleets.

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