Brokerages Anticipate ARI Network Services, Inc. (NASDAQ:ARIS) Will Post Quarterly Sales of $13.61 Million
Wall Street brokerages expect that ARI Network Services, Inc. (NASDAQ:ARIS) will post $13.61 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ARI Network Services’ earnings. The highest sales estimate is $13.61 million and the lowest is $13.60 million. ARI Network Services posted sales of $12.22 million during the same quarter last year, which would indicate a positive year over year growth rate of 11.4%. The company is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that ARI Network Services will report full year sales of $13.61 million for the current financial year, with estimates ranging from $52.55 million to $52.60 million. For the next year, analysts anticipate that the business will report sales of $56.21 million per share, with estimates ranging from $56.20 million to $56.22 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover ARI Network Services.
ARIS has been the subject of several recent analyst reports. Craig Hallum downgraded shares of ARI Network Services from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded shares of ARI Network Services from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Barrington Research downgraded shares of ARI Network Services from an “outperform” rating to an “underperform” rating in a research note on Thursday, June 22nd.
TRADEMARK VIOLATION WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/27/brokerages-anticipate-ari-network-services-inc-nasdaqaris-will-post-quarterly-sales-of-13-61-million.html.
Shares of ARI Network Services (ARIS) remained flat at $7.04 during mid-day trading on Thursday. The company had a trading volume of 158,930 shares. The stock’s 50-day moving average price is $6.80 and its 200 day moving average price is $5.62. ARI Network Services has a 1-year low of $4.20 and a 1-year high of $7.48. The stock has a market cap of $122.66 million, a PE ratio of 50.29 and a beta of 0.22.
A number of large investors have recently made changes to their positions in ARIS. Dalton Greiner Hartman Maher & Co. increased its stake in shares of ARI Network Services by 9.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 289,478 shares of the software maker’s stock valued at $2,041,000 after buying an additional 26,057 shares during the period. Ativo Capital Management LLC increased its stake in shares of ARI Network Services by 6.7% in the first quarter. Ativo Capital Management LLC now owns 191,042 shares of the software maker’s stock valued at $993,000 after buying an additional 12,000 shares during the period. Finally, Hancock Holding Co. increased its stake in shares of ARI Network Services by 19.5% in the first quarter. Hancock Holding Co. now owns 34,331 shares of the software maker’s stock valued at $179,000 after buying an additional 5,600 shares during the period. Institutional investors own 34.05% of the company’s stock.
About ARI Network Services
ARI Network Services, Inc (ARI) provides Website, software and data solutions. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. It offers a menu of Website add-ons, including a mobile inventory management application, third-party inventory integrations and business management integrations.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ARI Network Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARI Network Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.