Wall Street analysts forecast that ARRIS International PLC (NASDAQ:ARRS) will report $1.77 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for ARRIS International PLC’s earnings. The highest sales estimate is $1.78 billion and the lowest is $1.77 billion. ARRIS International PLC posted sales of $1.73 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The firm is expected to issue its next earnings results on Wednesday, October 25th.

According to Zacks, analysts expect that ARRIS International PLC will report full year sales of $1.77 billion for the current year, with estimates ranging from $6.65 billion to $6.79 billion. For the next financial year, analysts forecast that the business will report sales of $7.02 billion per share, with estimates ranging from $6.89 billion to $7.14 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow ARRIS International PLC.

ARRIS International PLC (NASDAQ:ARRS) last announced its quarterly earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.06. The company had revenue of $1.67 billion for 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%. ARRIS International PLC’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS.

ARRS has been the topic of several research reports. TheStreet lowered shares of ARRIS International PLC from a “b-” rating to a “c” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $33.00 price objective on shares of ARRIS International PLC in a research note on Sunday, April 23rd. BTIG Research initiated coverage on shares of ARRIS International PLC in a research note on Thursday, June 15th. They issued a “buy” rating and a $38.00 price objective on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $34.00 price objective on shares of ARRIS International PLC in a research note on Friday, May 5th. Finally, Zacks Investment Research upgraded shares of ARRIS International PLC from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. ARRIS International PLC presently has a consensus rating of “Buy” and an average target price of $32.90.

In other ARRIS International PLC news, EVP David Potts sold 2,502 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $27.67, for a total value of $69,230.34. Following the completion of the sale, the executive vice president now directly owns 90,592 shares of the company’s stock, valued at $2,506,680.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen J. Mccaffery sold 12,609 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $30.00, for a total transaction of $378,270.00. Following the completion of the sale, the insider now directly owns 9,127 shares of the company’s stock, valued at $273,810. The disclosure for this sale can be found here. Insiders sold 23,255 shares of company stock valued at $676,591 over the last three months. Insiders own 1.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Tyers Asset Management LLC increased its stake 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 in the last quarter. Delta Capital Management LLC purchased a new stake in ARRIS International PLC during the second quarter valued at about $210,000. Elkfork Partners LLC increased its stake 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 in the last quarter. Cortina Asset Management LLC increased its stake 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 in the last quarter. Finally, Bellwether Investment Group LLC increased its stake 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 in the last quarter. 87.78% of the stock is owned by institutional investors.

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ARRIS International PLC (NASDAQ ARRS) opened at 26.90 on Monday. The firm has a 50 day moving average of $28.09 and a 200-day moving average of $27.54. ARRIS International PLC has a one year low of $24.75 and a one year high of $31.52. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 40.63 and a beta of 1.31.

About ARRIS International PLC

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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