Xerox Corporation (XRX) Earning Positive Media Coverage, Report Shows

Press coverage about Xerox Corporation (NYSE:XRX) has been trending positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Xerox Corporation earned a news impact score of 0.26 on Accern’s scale. Accern also assigned press coverage about the information technology services provider an impact score of 45.3410587823029 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

A number of research analysts have commented on the company. Morgan Stanley decreased their price objective on Xerox Corporation to $32.00 and set an “overweight” rating on the stock in a report on Friday, June 16th. Credit Suisse Group upped their price objective on Xerox Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. BidaskClub raised Xerox Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. ValuEngine raised Xerox Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Loop Capital reaffirmed a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Xerox Corporation in a report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.63.

Shares of Xerox Corporation (XRX) opened at 33.13 on Friday. The stock’s 50 day moving average price is $32.16 and its 200 day moving average price is $29.58. The firm’s market capitalization is $8.42 billion. Xerox Corporation has a 12-month low of $22.90 and a 12-month high of $33.19.

Xerox Corporation (NYSE:XRX) last released its quarterly earnings data on Tuesday, August 1st. The information technology services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Xerox Corporation had a return on equity of 15.28% and a net margin of 4.55%. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was down 8.1% compared to the same quarter last year. Equities research analysts expect that Xerox Corporation will post $3.36 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from Xerox Corporation’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 28th. Xerox Corporation’s payout ratio is presently 12.08%.

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Xerox Corporation Company Profile

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.

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