-$0.66 EPS Expected for Anterix Inc. (NASDAQ:ATEX) This Quarter

Wall Street brokerages expect Anterix Inc. (NASDAQ:ATEX) to announce ($0.66) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Anterix’s earnings, with the lowest EPS estimate coming in at ($0.67) and the highest estimate coming in at ($0.65). Anterix reported earnings per share of ($0.69) during the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings results on Monday, February 14th.

On average, analysts expect that Anterix will report full year earnings of ($2.08) per share for the current fiscal year, with EPS estimates ranging from ($2.61) to ($1.54). For the next year, analysts anticipate that the company will post earnings of ($1.17) per share, with EPS estimates ranging from ($1.23) to ($1.11). Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Anterix.

Anterix (NASDAQ:ATEX) last posted its quarterly earnings results on Wednesday, November 3rd. The company reported ($0.67) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.01. The company had revenue of $0.18 million for the quarter, compared to the consensus estimate of $0.18 million. Anterix had a negative return on equity of 22.27% and a negative net margin of 6,017.29%. During the same quarter in the prior year, the business posted ($0.94) EPS.

Several analysts recently commented on ATEX shares. Zacks Investment Research raised Anterix from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday. Morgan Stanley raised their price objective on Anterix from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Anterix has an average rating of “Buy” and an average target price of $65.67.

In other Anterix news, insider Gena L. Ashe sold 997 shares of Anterix stock in a transaction dated Friday, November 5th. The stock was sold at an average price of $61.96, for a total value of $61,774.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Morgan E. Obrien sold 16,895 shares of Anterix stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $56.20, for a total value of $949,499.00. The disclosure for this sale can be found here. Insiders have sold a total of 62,831 shares of company stock worth $3,566,350 in the last ninety days. 4.05% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ATEX. Advisor Group Holdings Inc. bought a new position in shares of Anterix in the 2nd quarter valued at about $33,000. Nisa Investment Advisors LLC grew its holdings in Anterix by 290.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,075 shares of the company’s stock worth $64,000 after purchasing an additional 800 shares during the period. Emerald Advisers LLC bought a new position in Anterix during the second quarter worth about $66,000. Citigroup Inc. grew its holdings in Anterix by 51.5% during the third quarter. Citigroup Inc. now owns 1,509 shares of the company’s stock worth $92,000 after purchasing an additional 513 shares during the period. Finally, Metropolitan Life Insurance Co NY grew its holdings in Anterix by 74,875.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 2,999 shares of the company’s stock worth $180,000 after purchasing an additional 2,995 shares during the period. Institutional investors own 83.99% of the company’s stock.

Shares of ATEX stock traded down $0.13 during trading hours on Thursday, reaching $61.51. The company had a trading volume of 816,911 shares, compared to its average volume of 135,659. The company has a 50 day moving average of $61.18 and a 200 day moving average of $57.84. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -23.21 and a beta of 0.44. Anterix has a 1-year low of $28.60 and a 1-year high of $66.55.

Anterix Company Profile

Anterix, Inc operates as a wireless communications company. The firm focuses on commercializing spectrum assets to enable targeted utility and critical infrastructure customers to deploy private broadband networks, technologies and solutions. It’s solutions include Private LTE and Active Ecosystem. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.

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Earnings History and Estimates for Anterix (NASDAQ:ATEX)

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