ARRIS International PLC (NASDAQ:ARRS) – Research analysts at Jefferies Group lifted their Q1 2018 earnings per share estimates for ARRIS International PLC in a report issued on Thursday. Jefferies Group analyst now expects that the communications equipment provider will earn $0.62 per share for the quarter, up from their prior forecast of $0.61. Jefferies Group has a “Buy” rating and a $34.00 price target on the stock.

ARRIS International PLC (NASDAQ:ARRS) last posted its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.66 billion. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS.

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Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada restated a “buy” rating on shares of ARRIS International PLC in a research note on Tuesday, May 2nd. BidaskClub cut ARRIS International PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research upgraded ARRIS International PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Northland Securities restated a “hold” rating and set a $24.00 price target on shares of ARRIS International PLC in a research note on Thursday. Finally, ValuEngine cut ARRIS International PLC from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $32.90.

ARRIS International PLC (NASDAQ ARRS) opened at 28.16 on Monday. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 42.86 and a beta of 1.31. The stock’s 50 day moving average is $28.28 and its 200 day moving average is $27.58. ARRIS International PLC has a 12-month low of $24.75 and a 12-month high of $31.52.

In other ARRIS International PLC news, EVP David Potts sold 8,144 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $28.13, for a total value of $229,090.72. Following the completion of the transaction, the executive vice president now owns 96,234 shares in the company, valued at $2,707,062.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tyers Asset Management LLC boosted its position in ARRIS International PLC by 7.4% in the first quarter. Tyers Asset Management LLC now owns 5,792 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 400 shares during the last quarter. Delta Capital Management LLC acquired a new position in ARRIS International PLC during the second quarter valued at about $210,000. Elkfork Partners LLC boosted its position in ARRIS International PLC by 7.4% in the first quarter. Elkfork Partners LLC now owns 7,964 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 550 shares during the last quarter. Cortina Asset Management LLC boosted its position in ARRIS International PLC by 9.5% in the first quarter. Cortina Asset Management LLC now owns 8,277 shares of the communications equipment provider’s stock valued at $219,000 after buying an additional 715 shares during the last quarter. Finally, Bellwether Investment Group LLC boosted its position in ARRIS International PLC by 10.6% in the first quarter. Bellwether Investment Group LLC now owns 8,665 shares of the communications equipment provider’s stock valued at $229,000 after buying an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

ARRIS International PLC Company Profile

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

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