Xerox (XRX) to Release Quarterly Earnings on Tuesday

Xerox (NYSE:XRX) will issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Xerox (NYSE:XRX) last released its earnings results on Thursday, January 25th. The information technology services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.09). The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.79 billion. Xerox had a net margin of 0.01% and a return on equity of 9.41%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, analysts expect Xerox to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Xerox Stock Up 1.6 %

Xerox stock opened at $16.44 on Monday. The company has a 50-day simple moving average of $17.61 and a 200-day simple moving average of $16.31. The firm has a market capitalization of $2.04 billion, a P/E ratio of -82.20 and a beta of 1.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.91 and a current ratio of 1.14. Xerox has a one year low of $12.06 and a one year high of $19.78.

Xerox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.00 annualized dividend and a dividend yield of 6.08%. Xerox’s dividend payout ratio is currently -500.00%.

Hedge Funds Weigh In On Xerox

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. grew its position in Xerox by 0.9% in the 4th quarter. American International Group Inc. now owns 63,494 shares of the information technology services provider’s stock valued at $1,164,000 after buying an additional 571 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Xerox by 3.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,545 shares of the information technology services provider’s stock valued at $395,000 after buying an additional 668 shares in the last quarter. Royal Bank of Canada grew its position in Xerox by 1.4% in the 4th quarter. Royal Bank of Canada now owns 55,695 shares of the information technology services provider’s stock valued at $1,021,000 after buying an additional 759 shares in the last quarter. Toroso Investments LLC grew its position in Xerox by 2.4% in the 3rd quarter. Toroso Investments LLC now owns 33,866 shares of the information technology services provider’s stock valued at $531,000 after buying an additional 808 shares in the last quarter. Finally, Clear Street Markets LLC boosted its position in shares of Xerox by 42.9% during the 4th quarter. Clear Street Markets LLC now owns 3,000 shares of the information technology services provider’s stock valued at $55,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

Wall Street Analysts Forecast Growth

XRX has been the subject of several recent research reports. StockNews.com upgraded shares of Xerox from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their price target on shares of Xerox from $16.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th.

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.