Anterix (NASDAQ:ATEX) Releases Earnings Results, Misses Expectations By $0.39 EPS

Anterix (NASDAQ:ATEX) posted its quarterly earnings data on Tuesday. The company reported ($0.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.39), Yahoo Finance reports. Anterix had a negative net margin of 217.80% and a negative return on equity of 18.84%. The business had revenue of $1.53 million for the quarter, compared to analysts’ expectations of $1.64 million. During the same quarter in the previous year, the firm earned ($0.11) EPS.

Anterix Stock Performance

NASDAQ ATEX traded down $0.21 on Friday, reaching $38.47. 21,679 shares of the stock traded hands, compared to its average volume of 124,830. Anterix has a 12 month low of $28.70 and a 12 month high of $42.41. The company has a market cap of $714.35 million, a price-to-earnings ratio of -78.94 and a beta of 0.86. The company has a fifty day moving average price of $36.48 and a 200-day moving average price of $34.48.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of Anterix from $60.00 to $61.00 and gave the company an “overweight” rating in a research note on Thursday.

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.