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ARRIS International plc (ARRS) Lifted to "Buy" at Goldman Sachs Group Inc
20 March 2017, 06:30 | Jan Cross
Finally, Northland Securities initiated coverage on shares of ARRIS International plc in a report on Tuesday, February 21st.
The company reported its EPS on 02/22/2017.
The Stock now has the market capitalization of $4.69 Billion, P/E (price to earnings ttm) of 290.47 and Weekly volatility of 1.79% and monthly volatility of 2.40% respectively.
The consensus recommendation, according to Zacks Investment research, is 1.71. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. Looking into the profitability ratios of ARRS stock, investor will find its ROE, ROA, ROI standing at 0.60%, 0.20% and 1.80%, respectively.
ARRIS International plc on 02/22/2017 reported its EPS as $0.79 with the analysts projecting the EPS of the stock as $0.7. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. The high end of the earnings forecast is $-0.04 per share and low end is $-0.2 per share. For shareholders, given the total diluted outstanding shares of 192.4 million, this means overall earnings per share of 0.45.
For the quarter ending 10/26/2016, The Analyst projected that the company could deliver EPS of 0.76 while the company provided its Actual EPS of 0.77 showing a difference of 0.01 Percent between the Estimated and Actual EPS. The High end of the Estimate is $1.49 Billion, while the Low end of the Estimate is $1.46 Billion. For ARRS, the company now has 980.22 million of cash on the books, which is offset by 82.73 million in current liabilities.
For the Current Quarter, the growth estimate for ARRIS International plc is -17%, while for the Next Quarter the stock growth estimate is -22.6%.
For the past 5 years, New Residential Investment Corp.'s EPS growth has been almost 227.2%. According to a research note disclosed on Mar 14, 2016, analysts at Goldman have lowered their rating on these shares from Buy to Neutral.
Insider Trades for ARRIS International plc show that the latest trade was made on 1 Feb 2017 where Potts (David B), the Chief Financial Officer completed a transaction type "Sell" in which 8378 shares were traded at a price of $28.92.
Wall Street analysts have the ability to use various metrics to help calculate target projections.
It is widely believed that the more practical proxy for the market's expectations is analyst's consensus price estimates. The stock is down -13.34% in this year through last close, and the beta ratio has a value of 1.23. The stock hit 1-yearhigh at $31.52 and a low of $20.05 in the same period.
3 analysts rated the stock of Precision Drilling Corporation (NYSE:PDS) as "STRONG BUY", 10 rated as "BUY" and 3 issued a "HOLD" rating. They are return on equity and return on assets. The Insider Ownership of the company now is 0.7 percent, and Institutional Ownership is 87 percent. For trailing twelve months, EPS value for the stock is $0.09.
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