Media stories about Mix Telematics (NYSE:MIXT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mix Telematics earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 47.0816365525646 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- MiX Telematics’ (MIXT) CEO Stefan Joselowitz on Q4 2018 Results – Earnings Call Transcript (seekingalpha.com)
- William Blair Research Analysts Increase Earnings Estimates for Mix Telematics (MIXT) (americanbankingnews.com)
- Mix Telematics Expected to Post Q1 2019 Earnings of $0.16 Per Share (MIXT) (americanbankingnews.com)
- Mix Telematics (MIXT) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS (americanbankingnews.com)
- Mix Telematics to Post Q2 2019 Earnings of $0.20 Per Share, First Analysis Forecasts (MIXT) (americanbankingnews.com)
MIXT has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Mix Telematics from a “buy” rating to a “hold” rating in a research report on Saturday, March 17th. ValuEngine upgraded shares of Mix Telematics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Mix Telematics in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Mix Telematics currently has a consensus rating of “Buy” and an average price target of $21.00.
Shares of Mix Telematics stock opened at $19.19 on Friday. The stock has a market capitalization of $429.99 million, a price-to-earnings ratio of 36.08, a PEG ratio of 1.56 and a beta of 0.42. Mix Telematics has a fifty-two week low of $18.97 and a fifty-two week high of $19.51.
Mix Telematics (NYSE:MIXT) last issued its quarterly earnings data on Thursday, May 10th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $453.50 million during the quarter, compared to the consensus estimate of $432.93 million. Mix Telematics had a net margin of 10.75% and a return on equity of 10.73%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. sell-side analysts expect that Mix Telematics will post 0.61 EPS for the current year.
Mix Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model worldwide. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; and MiX Fleet Manager Essential for monitoring drivers and vehicles.
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