Wall Street analysts expect that ARRIS International PLC (NASDAQ:ARRS) will post earnings of $0.77 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for ARRIS International PLC’s earnings, with estimates ranging from $0.76 to $0.79. ARRIS International PLC reported earnings per share of $0.79 during the same quarter last year, which suggests a negative year over year growth rate of 2.5%. The firm is expected to report its next quarterly earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that ARRIS International PLC will report full-year earnings of $2.60 per share for the current year, with EPS estimates ranging from $2.59 to $2.62. For the next financial year, analysts forecast that the firm will post earnings of $2.95 per share, with EPS estimates ranging from $2.80 to $3.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow ARRIS International PLC.

ARRIS International PLC (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. ARRIS International PLC had a return on equity of 14.02% and a net margin of 2.51%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business earned $0.77 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

A number of equities analysts have recently issued reports on ARRS shares. ValuEngine cut ARRIS International PLC from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Jefferies Group LLC set a $38.00 price objective on ARRIS International PLC and gave the stock a “buy” rating in a report on Wednesday, October 4th. Zacks Investment Research upgraded ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Tuesday, November 7th. TheStreet upgraded ARRIS International PLC from a “c+” rating to a “b” rating in a report on Monday, October 9th. Finally, Northland Securities set a $25.00 target price on ARRIS International PLC and gave the company a “hold” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $33.38.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in ARRIS International PLC by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,385,138 shares of the communications equipment provider’s stock valued at $153,423,000 after purchasing an additional 140,548 shares during the last quarter. Neuberger Berman Group LLC raised its position in ARRIS International PLC by 4.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,030,172 shares of the communications equipment provider’s stock valued at $57,840,000 after purchasing an additional 92,445 shares during the last quarter. Strs Ohio raised its position in ARRIS International PLC by 22.4% during the 2nd quarter. Strs Ohio now owns 1,910,000 shares of the communications equipment provider’s stock valued at $53,518,000 after purchasing an additional 350,000 shares during the last quarter. New York State Common Retirement Fund raised its position in ARRIS International PLC by 0.6% during the 3rd quarter. New York State Common Retirement Fund now owns 1,234,560 shares of the communications equipment provider’s stock valued at $35,173,000 after purchasing an additional 7,610 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in ARRIS International PLC by 9.6% during the 2nd quarter. Teachers Advisors LLC now owns 904,962 shares of the communications equipment provider’s stock valued at $25,357,000 after purchasing an additional 79,439 shares during the last quarter. 86.94% of the stock is owned by institutional investors and hedge funds.

ARRIS International PLC (NASDAQ ARRS) traded up $0.96 on Wednesday, hitting $28.67. The stock had a trading volume of 920,481 shares, compared to its average volume of 997,367. ARRIS International PLC has a 1 year low of $24.75 and a 1 year high of $31.52. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43. The stock has a market cap of $5,360.00, a PE ratio of 11.93, a P/E/G ratio of 1.20 and a beta of 1.38.

ARRIS International PLC 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.

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Earnings History and Estimates for ARRIS International PLC (NASDAQ:ARRS)

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