Media headlines about Xerox (NYSE:XRX) have been trending somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xerox earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned news articles about the information technology services provider an impact score of 43.7445997775184 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Icahn Taps Tech Executive to Prepare for Proxy Fight With Xerox (wsj.com)
- Carl Icahn Release New Letter to Xerox Corp. (XRX), Engages John Visentin as Consultant (streetinsider.com)
- Investor’s Alert: Xerox Corporation (NYSE:XRX), Empire State Realty Trust, Inc. (NYSE:ESRT) – The Oracle Examiner (oracleexaminer.com)
- Here’s Why Xerox Corp. Shares Fell 11% Last Month (fool.com)
- Here's Why Xerox Corp. Shares Fell 11% Last Month (finance.yahoo.com)
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Xerox from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Standpoint Research reissued a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. Loop Capital reissued a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. UBS Group reissued a “hold” rating and set a $34.50 target price on shares of Xerox in a research note on Tuesday, December 5th. Finally, JPMorgan Chase & Co. lowered their target price on Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.72.
Shares of Xerox (XRX) traded up $0.29 during midday trading on Thursday, reaching $31.05. The company’s stock had a trading volume of 2,610,000 shares, compared to its average volume of 3,340,000. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.91. The firm has a market capitalization of $7,910.00, a P/E ratio of 13.99 and a beta of 1.20. Xerox has a 12-month low of $26.64 and a 12-month high of $37.42.
Xerox (NYSE:XRX) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.08. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up .5% on a year-over-year basis. equities research analysts forecast that Xerox will post 3.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Wednesday, March 28th. Xerox’s dividend payout ratio is currently 45.05%.
In other news, insider Carl C. Icahn sold 140,011 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $32.50, for a total value of $4,550,357.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carl C. Icahn sold 1,161,404 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value of $40,056,823.96. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
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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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