Equities analysts predict that ARRIS International plc (NASDAQ:ARRS) will report $0.57 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for ARRIS International’s earnings. ARRIS International posted earnings per share of $0.73 during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.9%. The company is expected to announce its next quarterly earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that ARRIS International will report full-year earnings of $2.93 per share for the current year, with EPS estimates ranging from $2.82 to $3.04. For the next year, analysts anticipate that the firm will report earnings of $3.37 per share, with EPS estimates ranging from $3.25 to $3.48. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover ARRIS International.

ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings results on Thursday, February 21st. The communications equipment provider reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. ARRIS International had a return on equity of 15.14% and a net margin of 1.69%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the firm earned $0.88 earnings per share. ARRIS International’s quarterly revenue was up 2.8% on a year-over-year basis.

A number of analysts have weighed in on ARRS shares. Jefferies Financial Group cut ARRIS International from a “buy” rating to a “hold” rating and cut their price target for the company from $38.00 to $31.75 in a research note on Monday, November 26th. Zacks Investment Research upgraded ARRIS International from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Monday, December 17th. BidaskClub upgraded ARRIS International from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.03.

ARRIS International stock opened at $31.64 on Wednesday. ARRIS International has a 1-year low of $21.55 and a 1-year high of $31.74. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.21 and a current ratio of 1.58. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 12.51 and a beta of 0.92.

In other news, SVP James R. Brennan sold 6,350 shares of ARRIS International stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $31.66, for a total transaction of $201,041.00. Following the sale, the senior vice president now owns 46,045 shares in the company, valued at $1,457,784.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ian Edward Whiting sold 14,067 shares of ARRIS International stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $31.65, for a total value of $445,220.55. The disclosure for this sale can be found here. Insiders have sold 29,977 shares of company stock worth $948,740 in the last quarter. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. MUFG Securities EMEA plc acquired a new stake in shares of ARRIS International during the fourth quarter worth about $2,293,000. Norges Bank acquired a new stake in shares of ARRIS International during the fourth quarter worth about $56,169,000. Kresge Foundation acquired a new stake in shares of ARRIS International during the fourth quarter worth about $1,315,000. Millennium Management LLC increased its position in shares of ARRIS International by 6,235.0% during the fourth quarter. Millennium Management LLC now owns 4,132,241 shares of the communications equipment provider’s stock worth $126,323,000 after purchasing an additional 4,067,012 shares in the last quarter. Finally, grace capital increased its position in ARRIS International by 37.5% in the 4th quarter. grace capital now owns 5,500 shares of the communications equipment provider’s stock valued at $168,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 82.64% of the company’s stock.

ARRIS International Company Profile

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. The company's Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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