Xerox (XRX) Scheduled to Post Quarterly Earnings on Tuesday

Xerox (NYSE:XRX) is set to release its earnings data before the market opens on Tuesday, October 29th. Analysts expect Xerox to post earnings of $0.53 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, July 25th. The information technology services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.14). Xerox had a negative net margin of 1.60% and a positive return on equity of 7.33%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Xerox’s revenue for the quarter was down 10.0% on a year-over-year basis. 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

NYSE:XRX opened at $9.95 on Friday. Xerox has a one year low of $9.51 and a one year high of $19.78. The company has a market cap of $1.24 billion, a P/E ratio of -9.48 and a beta of 1.57. The firm’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $12.04. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.49 and a quick ratio of 1.13.

Xerox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 30th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.05%. Xerox’s dividend payout ratio is currently -95.24%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. decreased their price target on shares of Xerox from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Monday, October 21st. Finally, Loop Capital decreased their price target on shares of Xerox from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, August 14th.

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.