ARRIS International plc (NASDAQ:ARRS) SVP Philip Charles Baldock sold 4,930 shares of the company’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the completion of the transaction, the senior vice president now owns 13,529 shares of the company’s stock, valued at approximately $353,242.19. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
ARRIS International plc (NASDAQ ARRS) opened at $25.48 on Wednesday. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $4,767.17, a PE ratio of 29.29, a PEG ratio of 0.97 and a beta of 1.40. ARRIS International plc has a 1 year low of $24.75 and a 1 year high of $30.79.
ARRIS International (NASDAQ:ARRS) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.77 EPS. sell-side analysts anticipate that ARRIS International plc will post 2.32 earnings per share for the current fiscal year.
A number of analysts recently issued reports on the company. ValuEngine raised ARRIS International from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group set a $38.00 price objective on ARRIS International and gave the stock a “buy” rating in a report on Wednesday, October 4th. TheStreet raised ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Northland Securities set a $25.00 price objective on ARRIS International and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Zacks Investment Research raised ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock 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 six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $33.00.
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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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