Xerox Corporation (XRX): Earnings Whisper

Xerox Corporation (XRX) is scheduled to report its second-quarter fiscal year 2015 results before the markets open on Friday. Street expectations point towards EPS of $0.22 and revenue of $4.64 billion. That would be $0.01 higher the $0.21 per share posted last quarter and $0.05 below the $0.27 posted in the 1Q/14. Revs are projected to be about 12.45% lower than the $5.3 billion posted in the June quarter of 2014. Meanwhile, EarningsWhisper.com reports a whisper number of $0.23 per share.

As a quick remainder, Xerox Corporation reported Q1/15 earnings of $0.21 per share. Revs came in at $4.5 billion versus the $4.56 billion consensus.

On valuation measures, Xerox Corp. shares have a T-12 price/sales ratio of 0.61 and a price/book for the same period of 1.16. EPS is $0.86. The name has a current market cap of $11.77 billion and a median Wall Street price target of $13.50 with a high target of $16.50. Currently there are 7 analysts that rate XRX a ‘Buy’, 6 rate it a ‘Hold’. No analyst rates it a ‘Sell’.

In terms of share statistics, Xerox Corp. has a total of 1.10 billion shares outstanding with 5.96% held by insiders and 84.00% held by institutions. The stock’s short interest currently stands at 1.14%, bringing the total number of shares sold short to 11.81 million.

Offering a dividend yield of 2.59%, shares of the Norwalk, Connecticut-based company are down 16.33% year-over-year and 21.88% year-to-date.

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