Xerox (NYSE:XRX) Announces Quarterly Earnings Results

Key Points

• Xerox reported an earnings per share (EPS) of ($0.64) for the quarter, missing the consensus estimate by ($0.71), and showed a negative net margin of 21.24%.
• The company's revenue fell by 0.1% year-over-year, and they updated their FY 2025 guidance.
• Xerox announced a quarterly dividend payout of $0.025 per share, which translates to an annualized yield of 2.5%.

Xerox (NYSE:XRX - Get Free Report) posted its earnings results on Thursday. The information technology services provider reported ($0.64) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.71), Briefing.com reports. Xerox had a positive return on equity of 7.57% and a negative net margin of 21.24%. Xerox's revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Xerox updated its FY 2025 guidance to EPS.

Xerox Price Performance

NYSE:XRX traded up $0.10 during mid-day trading on Wednesday, hitting $4.17. 3,337,362 shares of the stock traded hands, compared to its average volume of 4,075,429. The business's 50-day moving average price is $5.25 and its 200 day moving average price is $5.77. The company has a market cap of $523.92 million, a PE ratio of -0.39 and a beta of 1.80. Xerox has a 12-month low of $3.44 and a 12-month high of $11.42. The company has a quick ratio of 0.84, a current ratio of 1.11 and a debt-to-equity ratio of 2.61.

Xerox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Monday, June 30th were paid a dividend of $0.025 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.10 annualized dividend and a yield of 2.4%. Xerox's payout ratio is currently -0.87%.

Insider Activity

In other news, CFO Mirlanda Gecaj acquired 10,000 shares of Xerox stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $4.41 per share, with a total value of $44,100.00. Following the completion of the purchase, the chief financial officer owned 15,956 shares in the company, valued at approximately $70,365.96. The trade was a 167.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven John Bandrowczak acquired 22,300 shares of Xerox stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average cost of $4.48 per share, with a total value of $99,904.00. Following the purchase, the chief executive officer owned 382,442 shares of the company's stock, valued at $1,713,340.16. This represents a 6.19% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 117,079 shares of company stock worth $502,045 in the last three months. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Xerox

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Xerox by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,047 shares of the information technology services provider's stock valued at $333,000 after purchasing an additional 2,838 shares during the last quarter. AQR Capital Management LLC lifted its position in Xerox by 71.7% during the first quarter. AQR Capital Management LLC now owns 345,631 shares of the information technology services provider's stock valued at $1,661,000 after purchasing an additional 144,280 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Xerox by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 600,018 shares of the information technology services provider's stock valued at $2,898,000 after purchasing an additional 50,467 shares during the last quarter. Empowered Funds LLC lifted its position in Xerox by 2.1% during the first quarter. Empowered Funds LLC now owns 619,381 shares of the information technology services provider's stock valued at $2,992,000 after purchasing an additional 12,633 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Xerox by 37.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,575,229 shares of the information technology services provider's stock valued at $7,608,000 after purchasing an additional 431,349 shares during the last quarter. Hedge funds and other institutional investors own 85.36% of the company's stock.

Xerox Company Profile

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.