ARRIS International PLC to Post Q4 2017 Earnings of $0.69 Per Share, Jefferies Group Forecasts (NASDAQ:ARRS)

ARRIS International PLC (NASDAQ:ARRS) – Research analysts at Jefferies Group cut their Q4 2017 earnings per share (EPS) estimates for ARRIS International PLC in a report released on Thursday, Zacks Investment Research reports. Jefferies Group analyst now expects that the communications equipment provider will post earnings of $0.69 per share for the quarter, down from their prior estimate of $0.80. Jefferies Group has a “Buy” rating and a $38.00 price objective on the stock. Jefferies Group also issued estimates for ARRIS International PLC’s Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.67 EPS and Q4 2018 earnings at $0.73 EPS.

ARRIS International PLC (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. ARRIS International PLC had a net margin of 2.51% and a return on equity of 14.02%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the company posted $0.77 EPS. ARRIS International PLC’s revenue was down .2% on a year-over-year basis.

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Several other research firms have also recently weighed in on ARRS. ValuEngine cut shares of ARRIS International PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub cut shares of ARRIS International PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Northland Securities set a $25.00 price objective on shares of ARRIS International PLC and gave the stock a “hold” rating in a research report on Monday, October 16th. TheStreet upgraded shares of ARRIS International PLC from a “c+” rating to a “b” rating in a research report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of ARRIS International PLC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. ARRIS International PLC presently has an average rating of “Buy” and an average target price of $33.38.

ARRIS International PLC (ARRS) opened at $27.79 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. ARRIS International PLC has a 1 year low of $24.75 and a 1 year high of $31.52. The firm has a market cap of $5,200.00, a P/E ratio of 11.94, a P/E/G ratio of 1.20 and a beta of 1.38.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARRS. Delta Capital Management LLC bought a new stake in shares of ARRIS International PLC in the 2nd quarter valued at $210,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of ARRIS International PLC in the 2nd quarter valued at $233,000. NGAM Advisors L.P. increased its position 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 buying an additional 489 shares in the last quarter. Fernwood Investment Management LLC increased its position 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 buying an additional 2,000 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position 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 buying an additional 2,072 shares in the last quarter. Institutional investors and hedge funds own 86.94% of the company’s stock.

ARRIS International PLC 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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Earnings History and Estimates for ARRIS International PLC (NASDAQ:ARRS)

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