Xerox Corporation (XRX) Earning Favorable News Coverage, Analysis Finds

News stories about Xerox Corporation (NYSE:XRX) have been trending positive on Friday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xerox Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 44.8891171479553 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

XRX has been the topic of several analyst reports. ValuEngine cut shares of Xerox Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC raised shares of Xerox Corporation from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $27.00 to $33.00 in a research report on Monday, July 24th. Loop Capital initiated coverage on shares of Xerox Corporation in a research report on Monday, July 24th. They set a “buy” rating and a $36.00 price target on the stock. Zacks Investment Research raised shares of Xerox Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, UBS AG assumed coverage on shares of Xerox Corporation in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $36.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.50.

Shares of Xerox Corporation (XRX) traded up $0.09 on Friday, reaching $28.26. 2,219,400 shares of the company were exchanged, compared to its average volume of 2,433,149. Xerox Corporation has a twelve month low of $25.84 and a twelve month high of $39.08. The firm has a market cap of $7,200.00, a price-to-earnings ratio of 8.39 and a beta of 1.14. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.33 and a current ratio of 1.63.

Xerox Corporation (NYSE:XRX) last announced its quarterly earnings results on Thursday, October 26th. The information technology services provider reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.06. Xerox Corporation had a net margin of 5.29% and a return on equity of 17.23%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the prior year, the business earned $0.84 EPS. Xerox Corporation’s quarterly revenue was down 5.0% on a year-over-year basis. analysts anticipate that Xerox Corporation will post 3.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. Xerox Corporation’s dividend payout ratio (DPR) is currently 47.17%.

In related news, EVP Herve Tessler sold 6,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $28.59, for a total value of $171,540.00. Following the transaction, the executive vice president now owns 35,878 shares in the company, valued at approximately $1,025,752.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.29% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Xerox Corporation (NYSE:XRX)

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