ARRIS International PLC (NASDAQ:ARRS) posted its earnings results on Wednesday. The communications equipment provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18, Bloomberg Earnings reports. ARRIS International PLC had a return on equity of 13.97% and a net margin of 1.90%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis.

Several analysts have recently weighed in on the company. Zacks Investment Research raised ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Monday, August 7th. BidaskClub downgraded ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Northland Securities reissued a “hold” rating and issued a $24.00 target price on shares of ARRIS International PLC in a report on Thursday, August 3rd. ValuEngine raised ARRIS International PLC from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, TheStreet raised ARRIS International PLC from a “c+” rating to a “b” rating in a report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.38.

In other ARRIS International PLC news, insider Stephen J. Mccaffery sold 12,609 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total value of $378,270.00. Following the transaction, the insider now owns 9,127 shares of the company’s stock, valued at $273,810. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

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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.

Earnings History for ARRIS International PLC (NASDAQ:ARRS)

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