Somewhat Positive Press Coverage Somewhat Unlikely to Affect Xerox Corporation (XRX) Share Price
News articles about Xerox Corporation (NYSE:XRX) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xerox Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the information technology services provider an impact score of 46.4586418018516 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Technology Stock to Buy: Xerox Corporation (XRX) – Street Observer (press release) (streetobserver.com)
- Stock with lower future earnings – Xerox Corporation (XRX) – Street Observer (press release) (streetobserver.com)
- Xerox Corporation (XRX) is Rich Dividend Yielding stock with rate of 3.14% – Voice Of Analysts (analystsbuzz.com)
- Xerox Prices $1 Billion Senior Notes Offering (finance.yahoo.com)
- Xerox and World-Renowned Authors Set the Page Free in Collaborative Book Project (finance.yahoo.com)
Several equities research analysts have recently issued reports on XRX shares. ValuEngine lowered Xerox Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Morgan Stanley reiterated an “overweight” rating and set a $32.00 price target on shares of Xerox Corporation in a report on Saturday, June 3rd. Zacks Investment Research lowered Xerox Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. BidaskClub upgraded Xerox Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th. Finally, Barclays PLC reiterated a “sell” rating and set a $27.00 price target on shares of Xerox Corporation in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Xerox Corporation has an average rating of “Buy” and a consensus price target of $37.45.
Xerox Corporation (XRX) opened at 32.80 on Wednesday. The company’s market capitalization is $8.34 billion. The company has a 50 day moving average price of $31.82 and a 200-day moving average price of $29.45. Xerox Corporation has a 52 week low of $22.90 and a 52 week high of $32.99.
Xerox Corporation (NYSE:XRX) last issued its quarterly earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.84 by $0.03. Xerox Corporation had a return on equity of 15.28% and a net margin of 4.55%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, equities analysts anticipate that Xerox Corporation will post $3.36 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. This represents a $1.00 annualized dividend and a yield of 3.05%. Xerox Corporation’s dividend payout ratio is 12.08%.
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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