Debora J. Wilson Buys 2,000 Shares of ARRIS International plc (ARRS) Stock
ARRIS International plc (NASDAQ:ARRS) Director Debora J. Wilson bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $25.17 per share, for a total transaction of $50,340.00. Following the purchase, the director now directly owns 41,050 shares in the company, valued at approximately $1,033,228.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ARRIS International plc (NASDAQ:ARRS) traded down $0.24 during trading hours on Wednesday, reaching $24.68. The company’s stock had a trading volume of 1,390,000 shares, compared to its average volume of 1,760,000. The company has a current ratio of 1.51, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. ARRIS International plc has a 1-year low of $22.60 and a 1-year high of $30.79. The company has a market cap of $4,620.00, a P/E ratio of 50.37, a price-to-earnings-growth ratio of 0.99 and a beta of 1.28.
ARRIS International (NASDAQ:ARRS) last released its quarterly earnings data on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.12. ARRIS International had a return on equity of 14.69% and a net margin of 1.41%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. equities research analysts expect that ARRIS International plc will post 2.57 EPS for the current fiscal year.
ARRS has been the topic of several recent analyst reports. Zacks Investment Research raised ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Tuesday, November 7th. BidaskClub downgraded ARRIS International from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 13th. Morgan Stanley downgraded ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a research note on Tuesday, December 19th. Raymond James Financial set a $38.00 target price on ARRIS International and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, ValuEngine raised ARRIS International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $33.20.
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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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