Media stories about Xerox (NYSE:XRX) have trended somewhat negative this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xerox earned a media sentiment score of -0.05 on Accern’s scale. Accern also gave news coverage about the information technology services provider an impact score of 44.6701724668017 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s analysis:
- 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)
- Xerox Frees Air Force Personnel to Focus on Missions, Not Document Management (finance.yahoo.com)
- ‘A Childhood Memory.’ How Masazumi Imai Designed the X-Series Cameras for Fujifilm (finance.yahoo.com)
Shares of Xerox (NYSE:XRX) traded down $0.66 during mid-day trading on Wednesday, hitting $30.68. The stock had a trading volume of 709,570 shares, compared to its average volume of 2,749,450. Xerox has a twelve month low of $26.64 and a twelve month high of $37.42. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $7,561.26, a P/E ratio of 48.73 and a beta of 1.20.
Xerox (NYSE:XRX) last issued its quarterly earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.08. Xerox had a return on equity of 17.13% and a net margin of 1.67%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. Xerox’s revenue for the quarter was up .5% compared to the same quarter last year. analysts anticipate that Xerox will post 3.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.26%. Xerox’s dividend payout ratio is 158.73%.
XRX has been the topic of a number of recent research reports. UBS Group restated a “hold” rating and issued a $34.50 target price on shares of Xerox in a report on Tuesday, December 5th. Standpoint Research restated a “hold” rating on shares of Xerox in a report on Wednesday, January 31st. Loop Capital restated a “buy” rating on shares of Xerox in a report on Thursday, February 1st. Zacks Investment Research cut Xerox from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Finally, JPMorgan Chase & Co. decreased their target price on Xerox from $41.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, February 13th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $35.72.
In related news, insider Carl C. Icahn sold 1,161,404 shares of Xerox stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $34.49, for a total transaction of $40,056,823.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Carl C. Icahn sold 140,011 shares of Xerox stock in a transaction on Monday, February 5th. The shares were sold at an average price of $32.50, for a total value of $4,550,357.50. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.
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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