Xerox Holdings Co. (XRX) To Go Ex-Dividend on June 30th

Xerox Holdings Co. (NASDAQ:XRX) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.025 per share by the information technology services provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

Xerox has decreased its dividend by an average of 0.3%annually over the last three years. Xerox has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xerox to earn $0.96 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 10.4%.

Xerox Trading Down 1.6%

Shares of XRX stock opened at $2.50 on Friday. Xerox has a 52-week low of $1.19 and a 52-week high of $6.80. The stock has a market cap of $326.95 million, a price-to-earnings ratio of -0.30 and a beta of 2.28. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.85 and a current ratio of 1.18. The firm has a fifty day moving average of $1.78 and a 200-day moving average of $2.19.

Xerox (NASDAQ:XRX) last announced its quarterly earnings data on Thursday, April 30th. The information technology services provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Xerox had a negative net margin of 14.09% and a negative return on equity of 12.08%. The business’s revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) EPS. On average, equities research analysts forecast that Xerox will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

XRX has been the subject of a number of recent analyst reports. Citigroup reiterated a “neutral” rating and set a $2.50 target price (down from $3.50) on shares of Xerox in a research report on Friday, January 30th. Zacks Research upgraded shares of Xerox from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Xerox in a research report on Monday, April 27th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $2.50.

Xerox Company Profile

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.