ARRIS International (ARRS) Issues Quarterly Earnings Results

ARRIS International (NASDAQ:ARRS) posted its quarterly earnings results on Wednesday. The communications equipment provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.12, RTT News reports. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.79 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. ARRIS International updated its Q1 guidance to $0.50-0.55 EPS and its FY18 guidance to $2.80-3.05 EPS.

Shares of ARRIS International (NASDAQ:ARRS) traded up $0.02 during trading hours on Wednesday, reaching $24.77. 1,687,177 shares of the company traded hands, compared to its average volume of 1,625,149. The company has a market cap of $4,630.00, a P/E ratio of 28.45, a PEG ratio of 0.94 and a beta of 1.28. ARRIS International has a 12-month low of $22.60 and a 12-month high of $30.79. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83.

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

In other ARRIS International news, insider Lawrence Robinson sold 4,167 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the sale, the insider now directly owns 71,721 shares in the company, valued at approximately $2,151,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction of $36,575.00. Following the sale, the senior vice president now owns 4,556 shares in the company, valued at $133,308.56. 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.

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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.

Earnings History for ARRIS International (NASDAQ:ARRS)

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