ARI Network Services, Inc. (ARIS) Expected to Post Quarterly Sales of $13.61 Million
Equities analysts expect ARI Network Services, Inc. (NASDAQ:ARIS) to announce sales of $13.61 million for the current fiscal quarter, according to Zacks. 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 scheduled to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that ARI Network Services will report full year sales of $13.61 million for the current fiscal 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 Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for ARI Network Services.
A number of analysts recently weighed in on ARIS shares. Craig Hallum lowered shares of ARI Network Services from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of ARI Network Services from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Barrington Research lowered shares of ARI Network Services from an “outperform” rating to an “underperform” rating in a report on Thursday, June 22nd.
A number of hedge funds have recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. raised its stake in ARI Network Services by 52.9% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 263,421 shares of the software maker’s stock worth $1,370,000 after buying an additional 91,164 shares during the period. Hancock Holding Co. raised its stake in ARI Network Services by 19.5% in the first quarter. Hancock Holding Co. now owns 34,331 shares of the software maker’s stock worth $179,000 after buying an additional 5,600 shares during the period. Ativo Capital Management LLC raised its stake in 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 worth $993,000 after buying an additional 12,000 shares during the period. Kassirer Asset Management Corp purchased a new stake in ARI Network Services during the second quarter worth $1,234,000. Finally, S. Muoio & CO. LLC purchased a new stake in ARI Network Services during the second quarter worth $474,000. 33.89% of the stock is currently owned by institutional investors and hedge funds.
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Shares of ARI Network Services (NASDAQ ARIS) opened at 7.07 on Monday. The firm has a market cap of $123.18 million, a price-to-earnings ratio of 50.50 and a beta of 0.22. ARI Network Services has a 52-week low of $4.21 and a 52-week high of $7.48. The company’s 50 day moving average is $7.05 and its 200 day moving average is $5.76.
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.
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