Xerox (NYSE:XRX) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $3.80-3.95 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.78.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Xerox from a buy rating to a hold rating in a research note on Saturday, April 13th. Credit Suisse Group assumed coverage on Xerox in a research note on Thursday, April 11th. They set an outperform rating and a $42.00 target price on the stock. TheStreet raised Xerox from a c+ rating to a b- rating in a research note on Friday, February 22nd. Standpoint Research lowered Xerox from a buy rating to a hold rating in a research note on Friday, February 22nd. Finally, ValuEngine raised Xerox from a sell rating to a hold rating in a research note on Thursday, February 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $36.60.
Get Xerox alerts: XRX opened at $32.31 on Friday. Xerox has a 12-month low of $18.58 and a 12-month high of $35.18. The company has a current ratio of 1.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. $7.33 billion, a P/E ratio of 9.34 and a beta of 1.70.
Xerox (NYSE:XRX) results on Thursday, April 25th. The information technology services provider reported $0.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. Xerox had a return on equity of 16.81% and a net margin of 3.67%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the business earned $0.68 EPS. Xerox’s revenue was down 9.4% on a year-over-year basis. Equities analysts forecast that Xerox will post 3.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 3.10%. Xerox’s 28.90%.
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Xerox Company Profile
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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