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.
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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