ARRIS International plc (NASDAQ:ARRS) – Jefferies Group issued their Q1 2019 earnings estimates for shares of ARRIS International in a note issued to investors on Monday, according to Zacks Investment Research. Jefferies Group analyst forecasts that the communications equipment provider will earn $0.61 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $38.00 target price on the stock. Jefferies Group also issued estimates for ARRIS International’s Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.82 EPS and FY2019 earnings at $2.94 EPS.
Several other analysts have also weighed in on the company. BidaskClub upgraded ARRIS International from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th. Zacks Investment Research lowered ARRIS International from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Morgan Stanley lowered ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a report on Tuesday, December 19th. Raymond James Financial set a $36.00 price objective on ARRIS International and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, ValuEngine upgraded ARRIS International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. ARRIS International currently has a consensus rating of “Buy” and an average price target of $33.40.
Shares of ARRIS International (NASDAQ:ARRS) traded down $0.01 during trading on Tuesday, hitting $25.25. The stock had a trading volume of 111,554 shares, compared to its average volume of 1,217,200. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. The firm has a market capitalization of $4,720.00, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 0.99 and a beta of 1.40. ARRIS International has a twelve month low of $24.75 and a twelve month high of $30.79.
ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 earnings per share.
In related news, SVP Patrick W. Macken sold 1,250 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at $133,308.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Philip Charles Baldock sold 4,930 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the transaction, the senior vice president now directly owns 13,529 shares in the company, valued at $353,242.19. The disclosure for this sale can be found here. Insiders have sold 10,347 shares of company stock worth $290,307 over the last ninety days. 0.90% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in ARRIS International by 6.9% during the third quarter. Public Employees Retirement System of Ohio now owns 129,308 shares of the communications equipment provider’s stock valued at $3,684,000 after buying an additional 8,301 shares during the period. Neuberger Berman Group LLC raised its position in ARRIS International by 4.8% during the third quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock valued at $57,840,000 after buying an additional 92,445 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in ARRIS International during the third quarter valued at $17,042,000. Thornburg Investment Management Inc. raised its position in ARRIS International by 4.4% during the third quarter. Thornburg Investment Management Inc. now owns 709,992 shares of the communications equipment provider’s stock valued at $20,228,000 after buying an additional 30,156 shares during the period. Finally, Twin Capital Management Inc. acquired a new position in ARRIS International during the third quarter valued at $1,492,000. 86.51% of the stock is currently owned by hedge funds and other institutional investors.
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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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