Xerox Holdings Co. (XRX) To Go Ex-Dividend on December 31st

Xerox Holdings Co. (NYSE:XRX) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.025 per share by the information technology services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Xerox has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xerox to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 8.3%.

Xerox Stock Performance

XRX opened at $3.06 on Friday. The company has a market cap of $385.04 million, a P/E ratio of -0.28 and a beta of 1.80. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $4.45. Xerox has a 52-week low of $2.91 and a 52-week high of $9.91.

Xerox (NYSE:XRX) last released its earnings results on Thursday, October 30th. The information technology services provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.38. Xerox had a negative net margin of 21.24% and a positive return on equity of 7.57%. During the same quarter in the prior year, the firm posted $0.25 EPS. The business’s revenue was up 28.3% compared to the same quarter last year. Xerox has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Xerox will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research raised Xerox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Citigroup assumed coverage on Xerox in a report on Monday, August 18th. They issued a “neutral” rating and a $4.50 price objective on the stock. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Xerox has an average rating of “Hold” and an average target price of $4.50.

About Xerox

Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.