ARRIS International (NASDAQ:ARRS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.56. The company issued revenue guidance of $1.575-1.625, compared to the consensus revenue estimate of $1.68 billion.ARRIS International also updated its FY18 guidance to $2.80-3.05 EPS.

Shares of ARRIS International (NASDAQ:ARRS) traded up $0.02 during mid-day trading on Wednesday, reaching $24.77. The company’s stock had a trading volume of 1,689,217 shares, compared to its average volume of 1,625,513. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.43 and a current ratio of 1.83. ARRIS International has a 12 month low of $22.60 and a 12 month high of $30.79. The firm has a market capitalization of $4,630.00, a P/E ratio of 28.45, a P/E/G ratio of 0.94 and a beta of 1.28.

ARRIS International (NASDAQ:ARRS) last issued its earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.12. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. ARRIS International’s quarterly revenue was down 1.2% compared to the same quarter last year. analysts anticipate that ARRIS International will post 2.32 earnings per share for the current fiscal year.

A number of equities analysts have commented on ARRS shares. BidaskClub downgraded ARRIS International from a hold rating to a sell rating in a research note on Thursday, December 7th. Raymond James Financial set a $38.00 price objective on ARRIS International and gave the stock a buy rating in a research report on Monday, December 4th. Morgan Stanley downgraded 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. ValuEngine downgraded ARRIS International from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, Zacks Investment Research downgraded ARRIS International from a hold rating to a strong sell rating in a research report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $33.20.

In other news, insider Lawrence Robinson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the completion of the transaction, the insider now directly owns 71,721 shares in the company, valued at $2,151,630. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Patrick W. Macken sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the completion of the sale, the senior vice president now owns 4,556 shares of the company’s stock, valued at $133,308.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,347 shares of company stock valued at $290,307. Insiders own 0.90% of the company’s stock.

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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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