$1.75 Billion in Sales Expected for ARRIS International plc (ARRS) This Quarter

Equities analysts predict that ARRIS International plc (NASDAQ:ARRS) will post sales of $1.75 billion for the current quarter, according to Zacks. Three analysts have made estimates for ARRIS International’s earnings. The lowest sales estimate is $1.71 billion and the highest is $1.78 billion. ARRIS International reported sales of $1.76 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that ARRIS International will report full year sales of $1.75 billion for the current year, with estimates ranging from $6.59 billion to $6.70 billion. For the next financial year, analysts forecast that the business will post sales of $7.02 billion per share, with estimates ranging from $6.75 billion to $7.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for ARRIS International.

ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $0.77 earnings per share. The business’s quarterly revenue was down .2% on a year-over-year basis.

A number of research analysts have commented on the stock. Raymond James Financial set a $38.00 price target on shares of ARRIS International and gave the company a “buy” rating in a research report on Monday. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, November 7th. Northland Securities set a $25.00 price target on shares of ARRIS International and gave the company a “hold” rating in a research report on Monday, October 16th. Finally, TheStreet upgraded shares of ARRIS International from a “c+” rating to a “b” rating in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $33.89.

In related news, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the sale, the senior vice president now owns 4,556 shares of the company’s stock, valued at $133,308.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total value of $125,010.00. Following the completion of the sale, 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. Corporate insiders own 0.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors Netherlands B.V. purchased a new stake in ARRIS International in the second quarter worth $233,000. NGAM Advisors L.P. lifted its stake in ARRIS International by 4.6% in the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock worth $313,000 after acquiring an additional 489 shares during the period. Fernwood Investment Management LLC lifted its stake in ARRIS International by 16.9% in the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock worth $387,000 after acquiring an additional 2,000 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in ARRIS International in the third quarter worth $473,000. Finally, Quantbot Technologies LP purchased a new stake in ARRIS International in the third quarter worth $514,000. 86.64% of the stock is owned by institutional investors.

Shares of ARRIS International (NASDAQ:ARRS) traded down $0.31 during midday trading on Wednesday, reaching $29.34. 2,123,400 shares of the company’s stock were exchanged, compared to its average volume of 1,464,035. ARRIS International has a twelve month low of $24.75 and a twelve month high of $31.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43. The company has a market capitalization of $5,545.18, a PE ratio of 12.73, a P/E/G ratio of 1.28 and a beta of 1.39.

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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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Earnings History and Estimates for ARRIS International (NASDAQ:ARRS)

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