Shares of ARRIS International plc (NASDAQ:ARRS) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.90.
ARRS has been the subject of a number of recent research reports. ValuEngine upgraded ARRIS International from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. Wells Fargo & Co cut ARRIS International from an “outperform” rating to a “market perform” rating in a report on Thursday. Raymond James cut ARRIS International from a “strong-buy” rating to an “outperform” rating and dropped their target price for the stock from $36.00 to $29.00 in a report on Monday, October 15th. Goldman Sachs Group upgraded ARRIS International from a “sell” rating to a “neutral” rating and set a $30.50 target price for the company in a report on Thursday. Finally, Royal Bank of Canada cut ARRIS International from an “outperform” rating to a “sector perform” rating in a report on Thursday.
In related news, CEO Bruce William Mcclelland bought 1,500 shares of the company’s stock in a transaction dated Monday, August 13th. The stock was purchased at an average price of $24.08 per share, for a total transaction of $36,120.00. Following the acquisition, the chief executive officer now owns 242,256 shares in the company, valued at $5,833,524.48. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.
NASDAQ:ARRS traded up $0.04 during trading hours on Monday, reaching $30.72. The stock had a trading volume of 17,455,823 shares, compared to its average volume of 1,962,902. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.59 and a quick ratio of 1.16. ARRIS International has a 52 week low of $21.55 and a 52 week high of $30.90. The company has a market cap of $5.01 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.65 and a beta of 1.16.
ARRIS International (NASDAQ:ARRS) last announced its earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. ARRIS International had a return on equity of 16.82% and a net margin of 1.83%. The company’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.80 EPS. As a group, analysts anticipate that ARRIS International will post 2.59 EPS for the current year.
ARRIS International Company Profile
ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.
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