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.
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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