ARRIS International (NASDAQ:ARRS) posted its earnings results on Wednesday. The communications equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.12, Bloomberg Earnings reports. 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 analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $0.79 EPS. ARRIS International’s 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) opened at $24.77 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. ARRIS International has a 12-month low of $22.60 and a 12-month high of $30.79. The firm has a market capitalization of $4,628.77, a PE ratio of 28.47, a PEG ratio of 0.94 and a beta of 1.28.
In other news, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the sale, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The disclosure for this sale can be found here. Insiders have sold a total of 10,347 shares of company stock worth $290,307 in the last three months. Corporate insiders own 0.90% of the company’s stock.
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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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