$0.77 EPS Expected for ARRIS International plc (ARRS) This Quarter

Equities research analysts expect ARRIS International plc (NASDAQ:ARRS) to announce earnings of $0.77 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ARRIS International’s earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.74. ARRIS International reported earnings of $0.79 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.5%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, February 14th.

On average, analysts expect that ARRIS International will report full year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.57 to $2.64. For the next year, analysts anticipate that the business will post earnings of $2.96 per share, with EPS estimates ranging from $2.90 to $3.02. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow ARRIS International.

Several analysts recently commented on ARRS shares. BidaskClub lowered shares of ARRIS International from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Zacks Investment Research lowered shares of ARRIS International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 31st. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Morgan Stanley lowered shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price for the company. in a research note on Tuesday, December 19th. Finally, Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.20.

In other ARRIS International news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were 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 owns 71,721 shares in the company, valued at approximately $2,151,630. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total transaction 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 approximately $133,308.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,347 shares of company stock valued at $290,307. 0.90% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. FNY Partners Fund LP purchased a new stake in ARRIS International in the 4th quarter worth approximately $100,000. Icon Advisers Inc. Co. purchased a new stake in ARRIS International in the 4th quarter worth approximately $206,000. Capital Fund Management S.A. lifted its position in ARRIS International by 25.5% in the 4th quarter. Capital Fund Management S.A. now owns 12,300 shares of the communications equipment provider’s stock worth $316,000 after buying an additional 2,500 shares in the last quarter. Oakbrook Investments LLC purchased a new stake in ARRIS International in the 4th quarter worth approximately $361,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in ARRIS International in the 3rd quarter worth approximately $473,000. Institutional investors own 86.99% of the company’s stock.

ARRIS International (NASDAQ:ARRS) traded down $0.29 during mid-day trading on Friday, reaching $23.17. 1,932,119 shares of the company traded hands, compared to its average volume of 1,624,465. ARRIS International has a fifty-two week low of $22.60 and a fifty-two week high of $30.79. The firm has a market capitalization of $4,387.52, a price-to-earnings ratio of 26.63, a PEG ratio of 0.90 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.

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About ARRIS International

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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