ARRIS International (ARRS) to Release Quarterly Earnings on Wednesday

ARRIS International (NASDAQ:ARRS) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.76 per share for the quarter.

Shares of ARRIS International (ARRS) opened at $24.08 on Wednesday. The company has a market cap of $4,763.43, a price-to-earnings ratio of 27.68, a P/E/G ratio of 0.97 and a beta of 1.28. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. ARRIS International has a 52-week low of $23.26 and a 52-week high of $30.79.

ARRS has been the topic of several analyst reports. Raymond James Financial set a $36.00 price target on shares of ARRIS International and gave the company a “buy” rating in a research report on Thursday, December 14th. ValuEngine upgraded shares of ARRIS International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of ARRIS International from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, November 7th. Loop Capital initiated coverage on shares of ARRIS International in a research report on Monday, January 29th. They set a “buy” rating and a $35.00 price target on the stock. Finally, TheStreet lowered shares of ARRIS International from a “b” rating to a “c+” rating in a research report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.20.

In other ARRIS International news, insider Lawrence Robinson sold 4,167 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total transaction of $125,010.00. Following the transaction, the insider now directly owns 71,721 shares of the company’s stock, valued at $2,151,630. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $29.26, for a total transaction of $36,575.00. Following the transaction, the senior vice president now directly owns 4,556 shares in the company, valued at $133,308.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,347 shares of company stock worth $290,307. Insiders own 0.90% of the company’s stock.

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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.

Earnings History for ARRIS International (NASDAQ:ARRS)

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