Xerox (XRX) to Release Quarterly Earnings on Thursday
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.
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.
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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.
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