NEW YORK (TheStreet) -- Xerox (XRX) - Get Xerox Holdings Corporation (XRX) Report shares are down by 2.88% to $13.17 in early market trading on Friday, after the company reported weak 2015 earnings guidance before the opening bell today.
The company lowered its fiscal 2015 earnings forecast to between $1.00 and $1.06 per share from its previous view of between $1.05 and $1.11. Analysts are expecting the company to earn $1.09 per share in 2015.
For the fourth quarter Xerox earned an adjusted EPS of 31 cents per diluted share on revenue of $5 billion, a year over year quarterly decline of 1% on a constant currency basis. Analysts were expecting a profit of 29 cents per share on revenue of $5.07 billion.
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The company also declared that it was raising its quarterly dividend to 7 cents per share from its previous 6.25 cents per share payout.
TheStreet Ratings team rates XEROX CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate XEROX CORP (XRX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: XRX Ratings Report