ARRIS International (NASDAQ:ARRS) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.68 for the period, compared to the Thomson Reuters consensus estimate of $0.80. The company issued revenue guidance of $1.651 billion, compared to the consensus revenue estimate of $1.86 billion.

Several equities research analysts recently commented on ARRS shares. ValuEngine raised ARRIS International from a sell rating to a hold rating in a report on Wednesday. BidaskClub raised ARRIS International from a sell rating to a hold rating in a research note on Thursday. Needham & Company LLC cut ARRIS International from a buy rating to a hold rating in a research note on Thursday. Wells Fargo & Co cut ARRIS International from an outperform rating to a market perform rating in a research note on Thursday. Finally, Royal Bank of Canada cut ARRIS International from an outperform rating to a sector perform rating in a research note on Thursday. Eleven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $30.21.

Shares of ARRS stock opened at $30.72 on Friday. The stock has a market capitalization of $5.01 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.65 and a beta 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 debt-to-equity ratio of 0.67, a quick ratio of 1.16 and a current ratio of 1.59.

ARRIS International (NASDAQ:ARRS) last released its earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The company had revenue of $1.65 billion for 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 firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 EPS. As a group, equities research analysts forecast that ARRIS International will post 2.59 EPS for the current fiscal year.

In other ARRIS International news, CEO Bruce William Mcclelland purchased 1,500 shares of ARRIS International stock in a transaction on Monday, August 13th. The shares were bought at an average price of $24.08 per share, with a total value of $36,120.00. Following the purchase, the chief executive officer now directly owns 242,256 shares in the company, valued at approximately $5,833,524.48. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

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

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