ARRIS International (ARRS) Releases Q1 Earnings Guidance
ARRIS International (NASDAQ:ARRS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus 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 (ARRS) traded up $0.02 during mid-day trading on Thursday, hitting $24.77. 1,691,300 shares of the stock were exchanged, compared to its average volume of 1,577,435. ARRIS International has a 52 week low of $22.60 and a 52 week high of $30.79. The firm has a market cap of $4,628.77, a PE ratio of 28.47, a price-to-earnings-growth ratio of 0.94 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65.
ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.12. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the company posted $0.79 EPS. The business’s revenue was down 1.2% on a year-over-year basis. research analysts forecast that ARRIS International will post 2.32 EPS for the current year.
In related news, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $29.26, for a total transaction of $36,575.00. Following the completion of the sale, the senior vice president now owns 4,556 shares in the company, valued at approximately $133,308.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Philip Charles Baldock sold 4,930 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $26.11, for a total transaction of $128,722.30. Following the sale, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The disclosure for this sale can be found here. Insiders have sold a total of 10,347 shares of company stock valued at $290,307 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
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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