ARRIS International (ARRS) Issues Q1 Earnings Guidance
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.
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.
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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