Xerox (XRX) Set to Announce Quarterly Earnings on Monday

Xerox (NYSE:XRX) will announce its earnings results on Monday, January 29th. Analysts expect the company to announce earnings of $0.97 per share for the quarter.

Xerox (NYSE:XRX) last released its quarterly earnings data on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. Xerox had a return on equity of 17.23% and a net margin of 5.29%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period last year, the company posted $0.84 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. On average, analysts expect Xerox to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Xerox (NYSE:XRX) opened at $31.80 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.33. Xerox has a 52-week low of $26.48 and a 52-week high of $34.13. The company has a market capitalization of $8,095.83, a PE ratio of 15.36 and a beta of 1.12.

Several research analysts have commented on XRX shares. Zacks Investment Research lowered Xerox from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. UBS Group cut their price objective on Xerox from $36.00 to $34.50 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $35.21.

In other news, EVP Herve Tessler sold 6,000 shares of Xerox stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $28.59, for a total transaction of $171,540.00. Following the sale, the executive vice president now directly owns 35,878 shares of the company’s stock, valued at $1,025,752.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is currently owned by insiders.

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About Xerox

Xerox Corporation is a provider of digital print technology and related solutions. The Company has capabilities in imaging and printing, data analytics, and the development of secure and automated solutions to help customers improve productivity. The Company’s primary offerings span three main areas: Managed Document Services, Workplace Solutions and Graphic Communications.

Earnings History for Xerox (NYSE:XRX)

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