Anterix (ATEX) Set to Announce Quarterly Earnings on Tuesday

Anterix (NASDAQ:ATEX) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of ($0.45) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Anterix (NASDAQ:ATEX) last released its quarterly earnings results on Wednesday, June 26th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.27). Anterix had a negative return on equity of 18.84% and a negative net margin of 217.80%. The company had revenue of $1.26 million during the quarter, compared to analysts’ expectations of $1.52 million. On average, analysts expect Anterix to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Anterix Price Performance

Shares of Anterix stock traded down $0.08 during trading on Tuesday, reaching $40.03. The company’s stock had a trading volume of 9,694 shares, compared to its average volume of 124,621. Anterix has a 52-week low of $27.20 and a 52-week high of $42.41. The firm’s 50-day moving average is $35.66 and its two-hundred day moving average is $34.08.

Insider Activity

In other news, CFO Timothy Gray sold 16,667 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $31.91, for a total value of $531,843.97. Following the completion of the sale, the chief financial officer now owns 90,475 shares of the company’s stock, valued at approximately $2,887,057.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 45.61% of the stock is owned by corporate insiders.

About Anterix

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.