Bouncing back from collapse: MiX Telematics Ltd – ADR (NYSE:MIXT)

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Earnings results for MiX Telematics Ltd – ADR (NYSE:MIXT)

MiX Telematics Limited is estimated to report earnings on 05/12/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.12. The reported EPS for the same quarter last year was $0.24.

Analyst Opinion on MiX Telematics Ltd – ADR (NYSE:MIXT)

2 Wall Street analysts have issued ratings and price targets for MiX Telematics in the last 12 months. Their average twelve-month price target is $24.50, suggesting that the stock has a possible upside of 166.88%. The high price target for MIXT is $30.00 and the low price target for MIXT is $19.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

MiX Telematics has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $24.50, MiX Telematics has a potential upside of 166.9% from its current price of $9.18. MiX Telematics has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: MiX Telematics Ltd – ADR (NYSE:MIXT)

MiX Telematics is a leading dividend payer. It pays a dividend yield of 2.16%, putting its dividend yield in the top 25% of dividend-paying stocks. MiX Telematics has only been increasing its dividend for 3 years. The dividend payout ratio of MiX Telematics is 26.67 %. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MiX Telematics will have a dividend payout ratio of 31.75 % next year. This indicates that MiX Telematics will be able to sustain or increase its dividend.

Insiders buying/selling: MiX Telematics Ltd – ADR (NYSE:MIXT)

In the past three months, MiX Telematics insiders have not sold or bought any company stock. Only 34.49% of the stock of MiX Telematics is held by institutions.

Earnings and Valuation of MiX Telematics Ltd – ADR (NYSE:MIXT

Earnings for MiX Telematics are expected to decrease by -5.97% in the coming year, from $0.67 to $0.63 per share. The P/E ratio of MiX Telematics is 11.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.30. The P/E ratio of MiX Telematics is 11.77, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 46.57. MiX Telematics has a PEG Ratio of 0.58. PEG Ratios below 1 indicate that a company could be undervalued. MiX Telematics has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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