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.
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