Xerox Corp. (XRX) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
Xerox Corp. (NYSE:XRX) issued its quarterly earnings data on Tuesday. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion.
XRX has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Xerox Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp. in a research note on Monday, January 27th. They now have a $12.00 price target on the stock. Finally, analysts at Brean Capital raised their price target on shares of Xerox Corp. from $12.50 to $13.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Xerox Corp. currently has an average rating of “Hold” and a consensus price target of $11.44.
Shares of Xerox Corp. (NYSE:XRX) opened at 11.47 on Tuesday. Xerox Corp. has a 1-year low of $8.11 and a 1-year high of $12.65. The stock’s 50-day moving average is $11.11 and its 200-day moving average is $11.07. The company has a market cap of $13.591 billion and a price-to-earnings ratio of 12.55.
Xerox Corporation,provides a portfolio of business process and information technology (NYSE:XRX) outsourcing support, document technology and solutions.
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