Somewhat Positive News Coverage Somewhat Unlikely to Impact Xerox Corporation (XRX) Stock Price

News articles about Xerox Corporation (NYSE:XRX) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xerox Corporation earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the information technology services provider an impact score of 47.9017752278748 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Xerox Corporation (NYSE XRX) opened at 30.48 on Monday. The stock’s market cap is $7.75 billion. The company’s 50-day moving average price is $32.82 and its 200-day moving average price is $30.33. Xerox Corporation has a 52-week low of $24.86 and a 52-week high of $34.13.

Xerox Corporation (NYSE:XRX) last announced its earnings results on Thursday, October 26th. The information technology services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.49 billion. Xerox Corporation had a return on equity of 17.23% and a net margin of 5.29%. Xerox Corporation’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. Analysts expect that Xerox Corporation will post $3.38 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, December 28th. Xerox Corporation’s dividend payout ratio (DPR) is presently 48.31%.

Several equities research analysts have recently weighed in on XRX shares. Barclays PLC reissued an “equal weight” rating and issued a $35.00 price objective (up from $33.00) on shares of Xerox Corporation in a report on Tuesday, September 12th. UBS AG initiated coverage on Xerox Corporation in a report on Tuesday, October 3rd. They set a “neutral” rating and a $36.00 price target for the company. Loop Capital reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Xerox Corporation in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Xerox Corporation from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Finally, Credit Suisse Group raised their target price on Xerox Corporation from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.50.

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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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