ARRIS International (ARRS) Releases FY18 Earnings Guidance

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.

A number of equities analysts recently issued reports on ARRS shares. Zacks Investment Research raised shares of ARRIS International from a hold rating to a buy rating and set a $32.00 price target for the company in a research note on Tuesday, November 7th. BidaskClub downgraded shares of ARRIS International from a sell rating to a strong sell rating in a research note on Saturday, January 13th. Morgan Stanley downgraded shares of ARRIS International from an overweight rating to an equal weight rating and set a $31.00 price target for the company. in a research note on Tuesday, December 19th. Raymond James Financial set a $38.00 price target on shares of ARRIS International and gave the stock a buy rating in a research note on Monday, December 4th. Finally, ValuEngine raised shares of ARRIS International from a hold rating to a buy rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $33.20.

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.

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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.

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