MiX Telematics Limited (MIXT) Issues FY17 Earnings Guidance
MiX Telematics Limited (NYSE:MIXT) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of ZAR0.22-0.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.21. The company issued revenue guidance of ZAR1.66-1.69 billion, compared to the consensus revenue estimate of $1.62 billion.
MiX Telematics Limited (NYSE:MIXT) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). MiX Telematics Limited had a net margin of 7.88% and a return on equity of 8.56%. The firm had revenue of $411.20 million during the quarter, compared to analysts’ expectations of $400.30 million. MiX Telematics Limited’s quarterly revenue was up 11.7% on a year-over-year basis.
Several analysts have recently weighed in on MIXT shares. TheStreet raised MiX Telematics Limited from a c+ rating to a b- rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded MiX Telematics Limited from a strong-buy rating to a hold rating in a report on Wednesday, July 26th. Canaccord Genuity reaffirmed a buy rating and set a $12.00 price objective on shares of MiX Telematics Limited in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded MiX Telematics Limited from a buy rating to a hold rating in a research note on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MiX Telematics Limited currently has an average rating of Hold and a consensus target price of $11.50.
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About MiX Telematics Limited
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.
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