Brokerages expect ARRIS International PLC (NASDAQ:ARRS) to report $1.73 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided 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 during the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.

On average, analysts expect that ARRIS International PLC will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $6.59 billion to $6.70 billion. For the next year, analysts expect that the firm will post sales of $6.85 billion per share, with estimates ranging from $6.65 billion to $7.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for 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 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. ARRIS International PLC had a return on equity of 14.02% and a net margin of 2.51%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share.

ARRS has been the topic of a number of analyst reports. Northland Securities reaffirmed a “hold” rating and set a $24.00 price objective on shares of ARRIS International PLC in a research note on Thursday, August 3rd. Zacks Investment Research raised 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 lowered ARRIS International PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. ValuEngine lowered 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 ARRIS International PLC and gave the stock a “buy” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $33.38.

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Shares of ARRIS International PLC (NASDAQ:ARRS) opened at $27.71 on Friday. 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 company has a market capitalization of $5,131.86, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.19 and a beta of 1.39. ARRIS International PLC has a 52 week low of $24.75 and a 52 week high of $31.52.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of ARRIS International PLC in the 2nd quarter valued at about $233,000. NGAM Advisors L.P. lifted its stake in shares of ARRIS International PLC by 4.6% in the 2nd quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after purchasing an additional 489 shares in the last quarter. Fernwood Investment Management LLC lifted its stake in shares of ARRIS International PLC by 16.9% in the 2nd quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after purchasing an additional 2,000 shares in the last quarter. LS Investment Advisors LLC lifted its stake in shares of ARRIS International PLC by 16.4% in the 2nd quarter. LS Investment Advisors LLC now owns 14,696 shares of the communications equipment provider’s stock valued at $412,000 after purchasing an additional 2,072 shares in the last quarter. Finally, Capstone Asset Management Co. lifted its stake in shares of ARRIS International PLC by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 15,751 shares of the communications equipment provider’s stock valued at $441,000 after purchasing an additional 40 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.

About ARRIS International PLC

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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