MiX Telematics (MIXT) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS
MiX Telematics (NYSE:MIXT) posted its quarterly earnings data on Tuesday. The technology company reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.10, Morningstar.com reports. MiX Telematics had a net margin of 10.01% and a return on equity of 14.39%. The business had revenue of $507.90 million during the quarter, compared to analyst estimates of $495.61 million. During the same quarter last year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. MiX Telematics updated its FY 2020 guidance to $0.78-0.82 EPS and its FY20 guidance to ZAR0.45-0.50 EPS.
NYSE:MIXT traded up $0.02 during mid-day trading on Wednesday, hitting $17.25. The stock had a trading volume of 20,718 shares, compared to its average volume of 81,402. The stock has a market cap of $378.39 million, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 0.85 and a beta of 0.75. MiX Telematics has a twelve month low of $13.01 and a twelve month high of $20.50.
Several research firms have recently commented on MIXT. Zacks Investment Research lowered shares of MiX Telematics from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. ValuEngine lowered shares of MiX Telematics from a “buy” rating to a “hold” rating in a research note on Monday, March 25th.
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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