ARRIS International plc (ARRS) Expected to Announce Quarterly Sales of $1.76 Billion

Wall Street analysts expect that ARRIS International plc (NASDAQ:ARRS) will report $1.76 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for ARRIS International’s earnings. The lowest sales estimate is $1.74 billion and the highest is $1.78 billion. ARRIS International also posted sales of $1.76 billion in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, February 14th.

According to Zacks, analysts expect that ARRIS International will report full year sales of $1.76 billion for the current year, with estimates ranging from $6.63 billion to $6.65 billion. For the next fiscal year, analysts expect that the company will report sales of $7.33 billion per share, with estimates ranging from $7.26 billion to $7.40 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ARRIS International.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of ARRIS International from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. ValuEngine cut shares of ARRIS International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of ARRIS International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 31st. Loop Capital assumed coverage on shares of ARRIS International in a research note on Monday, January 29th. They set a “buy” rating and a $35.00 target price on the stock. Finally, TheStreet cut shares of ARRIS International from a “b” rating to a “c+” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $33.20.

In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the sale, the senior vice president now directly owns 13,529 shares in the company, valued at approximately $353,242.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the sale, the insider now owns 71,721 shares in the company, valued at $2,151,630. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,347 shares of company stock worth $290,307. 0.90% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. FNY Partners Fund LP bought a new stake in shares of ARRIS International in the 4th quarter worth about $100,000. Icon Advisers Inc. Co. bought a new stake in shares of ARRIS International in the 4th quarter worth about $206,000. Capital Fund Management S.A. increased its holdings in shares of ARRIS International by 25.5% in the 4th quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock worth $316,000 after buying an additional 2,500 shares during the last quarter. Oakbrook Investments LLC bought a new stake in shares of ARRIS International in the 4th quarter worth about $361,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of ARRIS International in the 3rd quarter worth about $473,000. Hedge funds and other institutional investors own 86.99% of the company’s stock.

ARRIS International (ARRS) opened at $23.17 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. ARRIS International has a one year low of $22.60 and a one year high of $30.79. The firm has a market cap of $4,330.00, a price-to-earnings ratio of 26.63, a P/E/G ratio of 0.88 and a beta of 1.28.

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ARRIS International 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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