ARRIS International (NASDAQ:ARRS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.80-3.05 for the period, compared to the Thomson Reuters consensus estimate of $2.92. The company issued revenue guidance of $7.1-7.35 billion, compared to the consensus revenue estimate of $7.26 billion.ARRIS International also updated its Q1 guidance to $0.50-0.55 EPS.
Shares of ARRIS International (ARRS) traded up $0.02 during trading hours on Wednesday, hitting $24.77. 1,687,239 shares of the stock traded hands, compared to its average volume of 1,625,450. The company has a market capitalization of $4,630.00, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. ARRIS International has a 52-week low of $22.60 and a 52-week high of $30.79.
ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings data on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.76 by $0.12. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 earnings per share. equities research analysts expect that ARRIS International will post 2.32 earnings per share for the current fiscal year.
In other ARRIS International news, SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, the senior vice president now owns 13,529 shares of the company’s stock, valued at $353,242.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 71,721 shares of the company’s stock, valued at approximately $2,151,630. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,347 shares of company stock valued at $290,307. 0.90% of the stock is owned by insiders.
WARNING: “ARRIS International (ARRS) Releases FY18 Earnings Guidance” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/14/arris-international-arrs-releases-fy18-earnings-guidance.html.
About ARRIS International
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.
Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.