Wall Street brokerages forecast that ARRIS International PLC (NASDAQ:ARRS) will report sales of $1.73 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for ARRIS International PLC’s earnings, with estimates ranging from $1.71 billion to $1.75 billion. ARRIS International PLC posted sales of $1.76 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that ARRIS International PLC will report full-year sales of $1.73 billion for the current year, with estimates ranging from $6.59 billion to $6.70 billion. For the next fiscal year, analysts forecast that the business will report sales of $6.85 billion per share, with estimates ranging from $6.65 billion to $7.03 billion. Zacks’ sales averages are an average based on a survey of research firms that cover ARRIS International PLC.

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

ARRS has been the topic of a number of recent research reports. Northland Securities reiterated a “hold” rating and set a $24.00 price target on shares of ARRIS International PLC in a research note on Thursday, August 3rd. Zacks Investment Research upgraded shares of ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research note on Monday, August 7th. BidaskClub downgraded shares of ARRIS International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine downgraded shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC set a $38.00 price target on shares of ARRIS International PLC and gave the stock a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. ARRIS International PLC currently has a consensus rating of “Buy” and an average price target of $33.38.

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Shares of ARRIS International PLC (NASDAQ:ARRS) traded up $0.52 during trading on Friday, hitting $29.19. 1,447,914 shares of the stock traded hands, compared to its average volume of 1,486,058. ARRIS International PLC has a twelve month low of $24.75 and a twelve month high of $31.52. 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 $5,361.90, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.39.

Hedge funds and other institutional investors have recently modified their holdings of the business. Capstone Investment Advisors Netherlands B.V. bought a new position in shares of ARRIS International PLC during the second quarter valued at $233,000. NGAM Advisors L.P. lifted its holdings in shares of ARRIS International PLC by 4.6% during the second quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after acquiring an additional 489 shares during the period. Fernwood Investment Management LLC lifted its holdings in shares of ARRIS International PLC by 16.9% during the second quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after acquiring an additional 2,000 shares during the period. LS Investment Advisors LLC lifted its holdings in shares of ARRIS International PLC by 16.4% during the second quarter. LS Investment Advisors LLC now owns 14,696 shares of the communications equipment provider’s stock valued at $412,000 after acquiring an additional 2,072 shares during the period. Finally, Capstone Asset Management Co. lifted its holdings in shares of ARRIS International PLC by 0.3% during the second quarter. Capstone Asset Management Co. now owns 15,751 shares of the communications equipment provider’s stock valued at $441,000 after acquiring an additional 40 shares during the period. 87.02% of the stock is owned by institutional investors.

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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