ARI Network Services, Inc. (ARIS) Expected to Announce Earnings of $0.04 Per Share
Wall Street analysts forecast that ARI Network Services, Inc. (NASDAQ:ARIS) will report earnings of $0.04 per share for the current quarter, Zacks reports. Two analysts have made estimates for ARI Network Services’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.04. ARI Network Services posted earnings per share of $0.03 in the same quarter last year, which would indicate a positive year over year growth rate of 33.3%. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that ARI Network Services will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.11 to $0.16. For the next financial year, analysts forecast that the company will report earnings of $0.15 per share, with EPS estimates ranging from $0.13 to $0.16. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover ARI Network Services.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of ARI Network Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Barrington Research cut shares of ARI Network Services from an “outperform” rating to an “underperform” rating in a research report on Thursday, June 22nd. Finally, Craig Hallum cut shares of ARI Network Services from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st.
A number of large investors have recently added to or reduced their stakes in ARIS. Virtu KCG Holdings LLC bought a new stake in ARI Network Services during the second quarter valued at about $116,000. SG Americas Securities LLC bought a new stake in ARI Network Services during the second quarter valued at about $119,000. Hancock Holding Co. boosted its stake in ARI Network Services by 19.5% in the first quarter. Hancock Holding Co. now owns 34,331 shares of the software maker’s stock valued at $179,000 after buying an additional 5,600 shares during the period. S. Muoio & CO. LLC bought a new stake in ARI Network Services during the second quarter valued at about $474,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in ARI Network Services during the second quarter valued at about $845,000. 36.07% of the stock is owned by institutional investors.
Shares of ARI Network Services (ARIS) opened at 7.095 on Thursday. ARI Network Services has a 12 month low of $4.24 and a 12 month high of $7.48. The company has a market capitalization of $123.62 million, a price-to-earnings ratio of 50.679 and a beta of 0.22. The company has a 50-day moving average price of $7.06 and a 200-day moving average price of $5.89.
ARI Network Services Company Profile
ARI Network Services, Inc (ARI) provides Website, software and data solutions. The Company’s solutions include Lead Generation and eCommerce Websites, eCatalogs, Business Management Software, Digital Marketing Services. It offers a menu of Website add-ons, including a mobile inventory management application, third-party inventory integrations and business management integrations.
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