ARRIS International (ARRS) Earns Buy Rating from Analysts at Loop Capital

Cornelia Mascio
Febbraio 25, 2018

Gemmer Asset Llc owns 0% invested in ARRIS International plc (NASDAQ:ARRS) for 99 shares. Strs Ohio raised its position in ARRIS International by 78.0% in the fourth quarter. The company's initiatives to broaden its portfolio are a further positive. "The acquisition is expected to be value accretive to its earnings in the first year". It anticipates revenues in the range of $1,675-$1,750 million for the fourth quarter. Also, the top line declined 1.2% year over year. "In fact, hares of ARRIS have underperformed its industry in a year's time".

The stock of Arris International Plc - Ordinary Shares (NASDAQ:ARRS) registered a decrease of 10.4% in short interest. Raymond James Financial set a $38.00 price target on shares of ARRIS International and gave the company a buy rating in a research report on Monday, December 4th. BidaskClub lowered shares of ARRIS International from a hold rating to a sell rating in a research report on Thursday, December 7th. They set a "buy" rating and a $35.00 price target for the company. Drexel Hamilton initiated the shares of ARRS in report on Friday, July 24 with "Buy" rating. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Two analysts have made estimates for ARRIS International's earnings. The stock has a market capitalization of $4,920.00, a price-to-earnings ratio of 52.24, a P/E/G ratio of 0.98 and a beta of 1.28. 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 twelve month low of $22.60 and a twelve month high of $30.38.

ARRIS International (NASDAQ:ARRS) last issued its earnings results on Wednesday, February 14th. The communications equipment provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.76 by $0.12. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. It increased, as 0 investors sold ARRIS International plc shares while 1 reduced holdings. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.79 EPS. equities research analysts forecast that ARRIS International plc will post 2.54 EPS for the current year. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the acquisition, the chief executive officer now owns 216,158 shares in the company, valued at approximately $5,600,653.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Debora J. Wilson bought 2,000 shares of the business's stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $25.91 per share, for a total transaction of $51,820.00. Following the completion of the transaction, the chairman now directly owns 862,697 shares of the company's stock, valued at $22,041,908.35. The disclosure for this purchase can be found here. Insiders have bought a total of 8,000 shares of company stock worth $204,360 in the last three months. Insiders own 0.90% of the company's stock.

ARRS has been the subject of a number of analyst reports. Parametric Portfolio Associates LLC boosted its stake in shares of ARRIS International by 20.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,710,331 shares of the communications equipment provider's stock valued at $43,937,000 after purchasing an additional 86,189 shares during the period. Public Employees Retirement System of OH boosted its position in shares of ARRIS International by 2.8% in the second quarter. Public Employees Retirement System of OH now owns 121,007 shares of the communications equipment provider's stock valued at $3,391,000 after acquiring an additional 3,289 shares during the period. Capital Fund Management S.A. lifted its holdings in ARRIS International by 25.5% in the 4th quarter. Lyrical Asset Management LP now owns 5,212,711 shares of the communications equipment provider's stock valued at $133,915,000 after buying an additional 245,020 shares in the last quarter. FNY Partners Fund LP purchased a new position in ARRIS International in the fourth quarter valued at about $100,000. Finally, Crossmark Global Holdings Inc. acquired a new position in ARRIS International in the 3rd quarter worth $473,000. Hedge funds and other institutional investors own 88.43% of the company's stock.

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ARRIS International plc, together with its subsidiaries, provides media entertainment and data communications solutions in the United States and internationally.

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