ARRIS International PLC (ARRS) to Release Quarterly Earnings on Wednesday

ARRIS International PLC (NASDAQ:ARRS) is set to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

ARRIS International PLC (NASDAQ:ARRS) last announced its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. ARRIS International PLC had a net margin of 1.90% and a return on equity of 13.97%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm earned $0.84 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts expect ARRIS International PLC to post $2.28 EPS for the current fiscal year and $2.65 EPS for the next fiscal year.

ARRIS International PLC (ARRS) traded up 0.984% during mid-day trading on Monday, hitting $28.215. 278,102 shares of the company traded hands. ARRIS International PLC has a one year low of $24.75 and a one year high of $31.52. The firm has a 50 day moving average of $28.06 and a 200 day moving average of $27.74. The firm has a market capitalization of $5.29 billion, a P/E ratio of 42.621 and a beta of 1.33.

In other news, insider Stephen J. Mccaffery sold 12,609 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $30.00, for a total transaction of $378,270.00. Following the sale, the insider now owns 9,127 shares of the company’s stock, valued at approximately $273,810. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

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A number of analysts have weighed in on ARRS shares. TheStreet upgraded shares of ARRIS International PLC from a “c+” rating to a “b” rating in a research note on Monday, October 9th. Jefferies Group LLC set a $38.00 price objective on shares of ARRIS International PLC and gave the company a “buy” rating in a research note on Wednesday, October 4th. ValuEngine upgraded shares of ARRIS International PLC from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Monday, August 7th. Finally, Northland Securities set a $25.00 price objective on shares of ARRIS International PLC and gave the company a “hold” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. ARRIS International PLC currently has an average rating of “Buy” and an average target price of $33.38.

About ARRIS International PLC

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 PLC (NASDAQ:ARRS)

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