FY2021 Earnings Estimate for Anterix Inc Issued By B. Riley (NASDAQ:ATEX)

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Anterix Inc (NASDAQ:ATEX) – Investment analysts at B. Riley issued their FY2021 earnings per share (EPS) estimates for Anterix in a note issued to investors on Friday, August 16th. B. Riley analyst M. Crawford expects that the company will post earnings per share of ($2.33) for the year. B. Riley currently has a “Buy” rating and a $59.00 target price on the stock.

A number of other brokerages have also recently issued reports on ATEX. ValuEngine cut Anterix from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Anterix from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Friday, May 31st. Evercore ISI initiated coverage on Anterix in a research note on Friday, August 9th. They set an “outperform” rating and a $61.00 price objective for the company. Craig Hallum lifted their price objective on Anterix from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Finally, BidaskClub upgraded Anterix from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.00.

ATEX opened at $43.04 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 8.51 and a current ratio of 8.51. The business has a 50 day moving average of $44.12 and a 200-day moving average of $42.57. Anterix has a 52 week low of $27.65 and a 52 week high of $51.33.

Anterix (NASDAQ:ATEX) last released its earnings results on Monday, May 20th. The company reported ($0.65) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.63) by ($0.02). The firm had revenue of $1.30 million during the quarter, compared to analysts’ expectations of $1.15 million. Anterix had a negative net margin of 769.30% and a negative return on equity of 19.16%.

In other Anterix news, major shareholder Owl Creek Asset Management, L. bought 76,681 shares of Anterix stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $43.65 per share, with a total value of $3,347,125.65. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Brian Mcauley sold 36,000 shares of Anterix stock in a transaction on Friday, May 24th. The stock was sold at an average price of $50.26, for a total value of $1,809,360.00. Following the completion of the sale, the chairman now directly owns 329,685 shares of the company’s stock, valued at approximately $16,569,968.10. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,128,329 shares of company stock valued at $50,510,985 and have sold 1,008,027 shares valued at $50,093,669. 6.74% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its holdings in shares of Anterix by 45.3% in the 4th quarter. Legal & General Group Plc now owns 1,885 shares of the company’s stock worth $70,000 after purchasing an additional 588 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Anterix by 293.8% in the 2nd quarter. Bank of Montreal Can now owns 1,020 shares of the company’s stock worth $48,000 after purchasing an additional 761 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Anterix by 0.7% in the 4th quarter. Northern Trust Corp now owns 120,177 shares of the company’s stock worth $4,494,000 after purchasing an additional 798 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Anterix by 426.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,980 shares of the company’s stock worth $70,000 after purchasing an additional 1,604 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in shares of Anterix by 20.0% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 12,000 shares of the company’s stock worth $422,000 after purchasing an additional 2,000 shares in the last quarter. 89.66% of the stock is owned by institutional investors and hedge funds.

Anterix Company Profile

Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.

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Earnings History and Estimates for Anterix (NASDAQ:ATEX)

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