Analysts Expect Anterix Inc. (NASDAQ:ATEX) to Announce -$0.66 EPS

Equities research analysts expect that Anterix Inc. (NASDAQ:ATEX) will announce earnings of ($0.66) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Anterix’s earnings. The highest EPS estimate is ($0.65) and the lowest is ($0.67). Anterix reported earnings per share of ($0.69) in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 14th.

On average, analysts expect that Anterix will report full year earnings of ($2.08) per share for the current year, with EPS estimates ranging from ($2.61) to ($1.54). For the next year, analysts expect that the business will report earnings of ($1.17) per share, with EPS estimates ranging from ($1.23) to ($1.11). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Anterix.

Anterix (NASDAQ:ATEX) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported ($0.67) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.01. The business had revenue of $0.18 million during the quarter, compared to analyst estimates 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 firm posted ($0.94) earnings per share.

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

In other news, CEO Robert Harris Schwartz sold 10,505 shares of the business’s stock in a transaction on Tuesday, September 14th. The stock was sold at an average price of $58.07, for a total transaction of $610,025.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Morgan E. Obrien sold 16,895 shares of the company’s stock in a transaction on 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 62,831 shares of company stock worth $3,566,350 over the last ninety days. 4.05% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Heard Capital LLC increased its position in Anterix by 40.7% in the 2nd quarter. Heard Capital LLC now owns 370,190 shares of the company’s stock worth $22,208,000 after purchasing an additional 107,114 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in Anterix in the 1st quarter worth about $4,966,000. Morgan Stanley increased its position in Anterix by 6.1% in the 2nd quarter. Morgan Stanley now owns 1,403,221 shares of the company’s stock worth $84,179,000 after purchasing an additional 80,091 shares during the last quarter. Sirios Capital Management L P increased its position in Anterix by 152.3% in the 2nd quarter. Sirios Capital Management L P now owns 104,765 shares of the company’s stock worth $6,285,000 after purchasing an additional 63,242 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in Anterix by 66.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 149,869 shares of the company’s stock worth $8,990,000 after purchasing an additional 59,927 shares during the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Anterix stock traded down $0.13 during trading on Thursday, hitting $61.51. The stock had a trading volume of 816,911 shares, compared to its average volume of 135,659. The firm has a market cap of $1.13 billion, a P/E ratio of -23.21 and a beta of 0.44. The business has a fifty day moving average of $61.18 and a two-hundred day moving average of $57.84. Anterix has a fifty-two week low of $28.60 and a fifty-two week 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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