Insider Selling: ARRIS International plc (ARRS) SVP Sells 4,930 Shares of Stock
ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock sold 4,930 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total transaction of $128,722.30. Following the completion of the transaction, the senior vice president now directly owns 13,529 shares of the company’s stock, valued at $353,242.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
ARRIS International plc (NASDAQ ARRS) opened at $25.95 on Tuesday. 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 cap of $4,850.00, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.40. ARRIS International plc has a one year low of $24.75 and a one year high of $30.79.
ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. ARRIS International’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. equities analysts anticipate that ARRIS International plc will post 2.32 EPS for the current fiscal year.
A number of research analysts recently weighed in on ARRS shares. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Jefferies Group set a $38.00 target price on shares of ARRIS International and gave the company a “buy” rating in a report on Wednesday, October 4th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Raymond James Financial set a $36.00 target price on shares of ARRIS International and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. ARRIS International presently has an average rating of “Buy” and an average price target of $33.40.
ARRIS International 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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