Xerox Corporation (XRX) Earns Daily Media Sentiment Rating of 0.33
Press coverage about Xerox Corporation (NYSE:XRX) has been trending positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xerox Corporation earned a news sentiment score of 0.33 on Accern’s scale. Accern also assigned headlines about the information technology services provider an impact score of 47.84541831778 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Xerox Corp (NYSE:XRX) Institutional Investors Quarterly Sentiment (vothemes.com)
- BNP Paribas Arbitrage SA Has $6.27 Million Stake in Xerox Corporation (XRX) (fishinghd.com)
- Xerox Corporation (XRX) Position Cut by First Houston Capital Inc (iphonefresh.com)
- Xerox Corporation: Is XRX a Good Stock for Value Investors? – Nasdaq (nasdaq.com)
- Duke Energy Corporation (NYSE:DUK) Shorted Shares Decreased By 2.51% (newstrendstoday.com)
XRX has been the subject of several research analyst reports. ValuEngine lowered Xerox Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Barclays PLC raised Xerox Corporation from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $27.00 to $33.00 in a research note on Monday, July 24th. Loop Capital initiated coverage on Xerox Corporation in a research note on Monday, July 24th. They set a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research lowered Xerox Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, BidaskClub raised Xerox Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.23.
Shares of Xerox Corporation (NYSE XRX) traded up 0.66% during midday trading on Friday, reaching $32.26. The company’s stock had a trading volume of 981,954 shares. Xerox Corporation has a 12 month low of $24.86 and a 12 month high of $32.99. The company’s 50-day moving average price is $30.93 and its 200-day moving average price is $29.26. The company’s market cap is $8.20 billion.
Xerox Corporation (NYSE:XRX) last released its earnings results on Tuesday, August 1st. The information technology services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The business had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, equities analysts anticipate that Xerox Corporation will post $3.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, September 28th. This is a boost from Xerox Corporation’s previous quarterly dividend of $0.06. Xerox Corporation’s dividend payout ratio is currently 12.08%.
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About Xerox Corporation
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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