Xerox (NYSE:XRX) will be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Xerox has set its FY 2019 guidance at $3.70-3.80 EPS and its FY19 guidance at $3.70-3.80 EPS.

Xerox (NYSE:XRX) last released its earnings results on Tuesday, January 29th. The information technology services provider reported $1.14 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Xerox had a return on equity of 16.81% and a net margin of 3.67%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Xerox’s revenue was down 7.8% on a year-over-year basis. On average, analysts expect Xerox to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE XRX opened at $34.56 on Monday. Xerox has a 12 month low of $18.58 and a 12 month high of $35.18. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 9.99 and a beta of 1.70. The company has a current ratio of 1.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, March 28th. Xerox’s payout ratio is 28.90%.

XRX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Xerox from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. ValuEngine upgraded shares of Xerox from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 29th. Standpoint Research lowered shares of Xerox from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. TheStreet raised shares of Xerox from a “c+” rating to a “b-” rating in a report on Friday, February 22nd. Finally, Credit Suisse Group started coverage on shares of Xerox in a report on Thursday, April 11th. They set an “outperform” rating and a $42.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.60.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/xerox-xrx-to-release-quarterly-earnings-on-thursday/2981206.html.

About Xerox

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

Read More: Stock Symbols, CUSIP and Other Stock Identifiers

Earnings History for Xerox (NYSE:XRX)

Receive News & Ratings for Xerox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xerox and related companies with MarketBeat.com's FREE daily email newsletter.