ARRIS International (ARRS) Set to Announce Quarterly Earnings on Wednesday

ARRIS International (NASDAQ:ARRS) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.

Shares of ARRIS International (NASDAQ:ARRS) opened at $24.67 on Tuesday. The stock has a market cap of $4,333.28, a PE ratio of 28.36, a PEG ratio of 0.88 and a beta of 1.28. ARRIS International has a 52-week low of $22.60 and a 52-week high of $30.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.

A number of equities research analysts have recently issued reports on ARRS shares. BidaskClub cut shares of ARRIS International from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Northland Securities set a $25.00 target price on shares of ARRIS International and gave the company a “hold” rating in a research report on Monday, October 16th. Raymond James Financial set a $38.00 price objective on shares of ARRIS International and gave the stock a “buy” rating in a research report on Monday, December 4th. Morgan Stanley cut shares of ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 price objective for the company. in a research report on Tuesday, December 19th. Finally, ValuEngine cut shares of ARRIS International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $33.20.

In other news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction dated 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 transaction, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The disclosure for this sale can be found here. Insiders have sold 10,347 shares of company stock valued at $290,307 in the last ninety days. 0.90% of the stock is currently owned by company insiders.

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ARRIS International Company Profile

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 (NASDAQ:ARRS)

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