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

Anterix (NASDAQ:ATEX) released its quarterly earnings data on Tuesday. The company reported ($0.46) earnings per share (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 ATEX stock traded up $7.64 during trading on Tuesday, reaching $36.16. The company had a trading volume of 844,834 shares, compared to its average volume of 148,280. The firm’s 50 day simple moving average is $30.67 and its two-hundred day simple moving average is $34.03. Anterix has a one year low of $27.37 and a one year high of $42.41. The company has a market capitalization of $673.23 million, a PE ratio of -17.90 and a beta of 0.87.

Insiders Place Their Bets

In other Anterix news, Director Leslie B. Daniels acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $32.75 per share, with a total value of $65,500.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at approximately $65,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Fleischhauer bought 3,500 shares of the stock in a transaction on 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 acquisition, the director now directly owns 3,500 shares in the company, valued at approximately $119,665. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 45.61% of the company’s stock.

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.