ARRIS International (ARRS) Updates Q1 Earnings Guidance

ARRIS International (NASDAQ:ARRS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.56. The company issued revenue guidance of $1.575-1.625, compared to the consensus revenue estimate of $1.68 billion.ARRIS International also updated its FY18 guidance to $2.80-3.05 EPS.

Shares of ARRIS International (NASDAQ ARRS) traded up $0.02 during midday trading on Wednesday, hitting $24.77. The stock had a trading volume of 1,687,239 shares, compared to its average volume of 1,625,450. ARRIS International has a 12-month low of $22.60 and a 12-month high of $30.79. The stock 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. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.

ARRIS International (NASDAQ:ARRS) last announced its earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.12. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $0.79 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. research analysts expect that ARRIS International will post 2.32 earnings per share for the current fiscal year.

ARRS has been the topic of a number of research analyst reports. Loop Capital initiated coverage on ARRIS International in a research note on Monday, January 29th. They issued a buy rating and a $35.00 target price on the stock. Raymond James Financial set a $38.00 target price on ARRIS International and gave the stock a buy rating in a research note on Monday, December 4th. ValuEngine upgraded ARRIS International from a hold rating to a buy rating in a research note on Friday, December 1st. Zacks Investment Research upgraded ARRIS International from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Tuesday, November 7th. Finally, TheStreet downgraded ARRIS International from a b rating to a c+ rating in a research note on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. ARRIS International presently has an average rating of Hold and a consensus target price of $33.20.

In related news, insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total value of $125,010.00. Following the sale, the insider now owns 71,721 shares of the company’s stock, valued at approximately $2,151,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the sale, the senior vice president now directly owns 13,529 shares in the company, valued at approximately $353,242.19. The disclosure for this sale can be found here. Insiders sold a total of 10,347 shares of company stock worth $290,307 in the last ninety days. 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.

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