ARRIS International (ARRS) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

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.

Several equities analysts recently issued reports on ARRS shares. Zacks Investment Research raised 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. ValuEngine raised ARRIS International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. 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. BidaskClub lowered ARRIS International from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Morgan Stanley lowered ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $33.20.

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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.

Earnings History for ARRIS International (NASDAQ:ARRS)

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