Xerox (NYSE:XRX – Get Free Report) will be announcing its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Xerox (NYSE:XRX – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The information technology services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Xerox had a negative net margin of 1.60% and a positive return on equity of 7.33%. Xerox’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. On average, analysts expect Xerox to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Xerox Price Performance
XRX stock opened at $9.95 on Monday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.49 and a quick ratio of 1.13. The firm has a market capitalization of $1.24 billion, a P/E ratio of 8.02 and a beta of 1.57. The business’s 50-day moving average is $10.45 and its two-hundred day moving average is $12.01. Xerox has a 1 year low of $9.51 and a 1 year high of $19.78.
Xerox Announces Dividend
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Loop Capital reduced their price target on Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, August 14th. StockNews.com upgraded Xerox from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Finally, JPMorgan Chase & Co. dropped their price objective on Xerox from $13.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, October 21st.
Get Our Latest Stock Analysis on XRX
Xerox Company Profile
Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.
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