Xerox (NYSE:XRX) Earning Somewhat Favorable Press Coverage, InfoTrie Reports

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Media stories about Xerox (NYSE:XRX) have trended somewhat positive this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Xerox earned a coverage optimism score of 0.82 on their scale. InfoTrie also gave news headlines about the information technology services provider an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have effected Xerox’s ranking:

Shares of NYSE XRX opened at $38.85 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $31.02 and a two-hundred day simple moving average of $32.01. The firm has a market cap of $8.17 billion, a PE ratio of 11.23 and a beta of 1.79. Xerox has a twelve month low of $18.58 and a twelve month high of $39.38.

Xerox (NYSE:XRX) last issued its earnings results on Tuesday, October 29th. The information technology services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.22. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.19 billion. Xerox had a return on equity of 19.62% and a net margin of 7.28%. Xerox’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. On average, research analysts expect that Xerox will post 4.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Monday, December 30th. Xerox’s payout ratio is 28.90%.

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered Xerox from a “neutral” rating to an “underweight” rating and set a $31.00 target price for the company. in a research report on Wednesday, October 30th. Credit Suisse Group lifted their target price on Xerox from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Zacks Investment Research raised Xerox from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Sunday, November 3rd. Finally, ValuEngine lowered Xerox from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.67.

In other news, EVP Herve Tessler sold 32,200 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $31.22, for a total value of $1,005,284.00. Following the completion of the transaction, the executive vice president now directly owns 11,804 shares of the company’s stock, valued at approximately $368,520.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

About Xerox

Xerox Corporation designs, develops, and sells document management systems and solutions worldwide. It offers intelligent workplace services, including managed print services; digitization services; and digital solutions, such as workflow automation, personalization and communication software, and content management.

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