Anterix (NASDAQ:ATEX) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Anterix (NASDAQ:ATEX) posted its earnings results on Tuesday. The company reported ($0.46) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.57) by $0.11, Zacks reports. Anterix had a negative net margin of 666.54% and a negative return on equity of 31.07%.

Anterix Stock Up 26.8 %

NASDAQ:ATEX traded up $7.64 during mid-day trading on Tuesday, reaching $36.16. 844,834 shares of the company were exchanged, compared to its average volume of 148,280. Anterix has a 12 month low of $27.37 and a 12 month high of $42.41. The stock has a market cap of $673.23 million, a PE ratio of -17.90 and a beta of 0.87. The company has a fifty day moving average of $30.67 and a 200 day moving average of $34.03.

Insider Transactions at Anterix

In other news, Director Leslie B. Daniels purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $32.75 per share, for a total transaction of $65,500.00. Following the completion of the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $65,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Fleischhauer acquired 3,500 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $34.19 per share, with a total value of $119,665.00. Following the completion of the acquisition, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 45.61% of the stock is owned by company insiders.

Anterix Company Profile

Anterix Inc operates as a wireless communications company. The company focuses on commercializing its spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and innovative broadband solutions. It holds licensed spectrum in the 900 MHz band with coverage throughout the United States, Alaska, Hawaii, and Puerto Rico.