MiX Telematics Limited (NYSE:MIXT) is set to announce second quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MIXT to report 2Q21 income of $ 0.02 per share from revenue of $ 26.09 million.
For the full year, analysts anticipate top line of $ 108.60 million, while looking forward to income of $ 0.16 per share bottom line.
Previous Quarter Performance
MiX Telematics Limited came out with income for the first quarter of $ 0.08 per share, from the revenue of $ 27.50 million. The quarterly earnings dropped 57.89 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.03 per share from $ 27.04 million in revenue. The bottom line results beat street analysts by $ 0.11 or 366.67 percent, at the same time, top line results outshined analysts by $ 0.46 million or 1.70 percent.
Stock Performance
Shares of MiX Telematics Limited traded low $ -0.04 or -0.49 percent on Wednesday, reaching $ 8.16 with volume of 38.00 thousand shares. MiX Telematics Limited has traded high as $ 8.20 and has cracked $ 7.87 on the downward trend
According to the previous trading day, closing price of $ 8.16, representing a 23.49 % increase from the 52 week low of $ 6.64 and a 45.04 % decrease over the 52 week high of $ 14.92.
The company has a market capital of $ 169.15 million and is part of the Technology sector and Software – Infrastructure industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on August 21, 2020, with payment date of September 8, 2020 and ex-dividend date on August 20, 2020.
Conference Call
MiX Telematics Limited will be hosting a conference call at 8:00 AM eastern time on 29th October 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mixtelematics.co.za
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. It also provides consumer solutions, including Matrix that provides vehicle tracking, telematics, and personal safety services; and Beame, a wireless device, which offers mobile asset tracking and recovery services.
