Xerox (XRX) Receiving Somewhat Favorable Press Coverage, Report Finds

Press coverage about Xerox (NYSE:XRX) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. 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 daily sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the information technology services provider an impact score of 42.9916472653599 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of Xerox (NYSE XRX) traded up $0.19 during midday trading on Friday, reaching $28.49. 675,277 shares of the company were exchanged, compared to its average volume of 2,260,000. Xerox has a fifty-two week low of $24.86 and a fifty-two week high of $34.13. The company has a market capitalization of $7,250.00, a P/E ratio of 8.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 1.33.

Xerox (NYSE:XRX) last announced its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.49 billion. Xerox had a net margin of 5.29% and a return on equity of 17.23%. Xerox’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. analysts anticipate that Xerox 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. Shareholders of record on Friday, December 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, December 28th. Xerox’s payout ratio is 47.17%.

Several equities analysts have recently issued reports on the stock. UBS AG assumed coverage on shares of Xerox in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $36.00 price target for the company. Zacks Investment Research downgraded shares of Xerox from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine raised shares of Xerox from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Loop Capital reaffirmed a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Xerox in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group raised their price target on shares of Xerox from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $35.50.

In other Xerox news, EVP Herve Tessler sold 6,000 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $28.59, for a total value of $171,540.00. Following the completion of the sale, the executive vice president now directly owns 35,878 shares in the company, valued at $1,025,752.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

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Xerox 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 (NYSE:XRX)

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