Anterix (NASDAQ:ATEX) Announces Earnings Results, Beats Estimates By $0.11 EPS

Anterix (NASDAQ:ATEX) issued its earnings results on Tuesday. The company reported ($0.46) EPS for the quarter, beating the consensus estimate 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 Price Performance

Shares of Anterix stock traded up $7.64 during trading hours on Tuesday, hitting $36.16. The company’s stock had a trading volume of 844,858 shares, compared to its average volume of 148,280. The company has a market capitalization of $673.23 million, a PE ratio of -17.90 and a beta of 0.87. Anterix has a 12 month low of $27.37 and a 12 month high of $42.41. The stock has a 50 day moving average of $30.56 and a 200 day moving average of $33.95.

Insider Transactions at Anterix

In other Anterix news, Director Leslie B. Daniels purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was bought at an average cost of $32.75 per share, with a total value of $65,500.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $65,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark Fleischhauer acquired 3,500 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $34.19 per share, for a total transaction of $119,665.00. Following the transaction, the director now owns 3,500 shares of the company’s stock, valued at $119,665. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 45.61% of the stock is owned by 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.