NYSE:XRX - Xerox Stock Price, Forecast & News

Xerox's stock was trading at $27.84 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, XRX stock has decreased by 36.6% and is now trading at $17.66. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Xerox in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Xerox.

Xerox is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Xerox.

Xerox Corp (NYSE:XRX) released its quarterly earnings results on Tuesday, January, 28th. The information technology services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.11 by $0.22. The information technology services provider earned $2.44 billion during the quarter, compared to analyst estimates of $2.43 billion. Xerox had a net margin of 14.81% and a return on equity of 19.48%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 earnings per share. View Xerox's earnings history.

Xerox declared a quarterly dividend on Thursday, February 27th. Stockholders of record on Monday, March 30th will be given a dividend of $0.25 per share on Thursday, April 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Friday, March 27th. View Xerox's dividend history.

Shares of Xerox reverse split before market open on Wednesday, June 14th 2017. The 1-4 reverse split was announced on Tuesday, May 23rd 2017. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 13th 2017. An investor that had 100 shares of Xerox stock prior to the reverse split would have 25 shares after the split.

Xerox issued an update on its FY20 earnings guidance on Tuesday, January, 28th. The company provided earnings per share (EPS) guidance of $3.60-$3.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.51. The company issued revenue guidance of $9.28 billion, compared to the consensus revenue estimate of $8.70 billion.

4 brokers have issued 1-year price objectives for Xerox's stock. Their forecasts range from $19.00 to $47.00. On average, they anticipate Xerox's stock price to reach $36.50 in the next twelve months. This suggests a possible upside of 106.7% from the stock's current price. View analysts' price targets for Xerox.

Press coverage about XRX stock has been trending extremely negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Xerox earned a coverage optimism score of -4.0 on InfoTrie's scale. They also assigned news stories about the information technology services provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutXerox.

Xerox saw a increase in short interest in March. As of March 13th, there was short interest totaling 8,879,000 shares, an increase of 12.4% from the February 27th total of 7,900,000 shares. Based on an average daily volume of 2,250,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 4.4% of the shares of the stock are short sold. View Xerox's Current Options Chain.

Some companies that are related to Xerox include Logitech International (LOGI), SEIKO EPSON COR/ADR (SEKEY), FireEye (FEYE), HTC (HTCXF), Forescout Technologies (FSCT), Stratasys (SSYS), Mitek Systems (MITK), Immersion (IMMR), RADCOM (RDCM), AstroNova (ALOT), Identiv (INVE), TransAct Technologies (TACT), Key Tronic (KTCC), Interlink Electronics (LINK) and IGO (IGOI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Xerox investors own include Wolverine World Wide (WWW), Walgreens Boots Alliance (WBA), Wendys (WEN), General Electric (GE), Carnival (CCL), Bank of America (BAC), Intel (INTC), Conduent (CNDT), Cheesecake Factory (CAKE) and AT&T (T).

Xerox trades on the New York Stock Exchange (NYSE) under the ticker symbol "XRX."

Xerox's stock is owned by a variety of institutional and retail investors. Top institutional investors include State Street Corp (4.34%), Bank of New York Mellon Corp (3.42%), LSV Asset Management (3.28%), AQR Capital Management LLC (2.95%), Robeco Institutional Asset Management B.V. (1.30%) and Norges Bank (0.92%). Company insiders that own Xerox stock include Herve Tessler, Keith Cozza and Michael David Feldman. View institutional ownership trends for Xerox.

XRX stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Bank of New York Mellon Corp, Prudential Financial Inc., Boston Partners, Alliancebernstein L.P., Schroder Investment Management Group, Panagora Asset Management Inc., and AXA. View insider buying and selling activity for Xerox.

XRX stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Renaissance Technologies LLC, Janus Henderson Group PLC, FMR LLC, Nuveen Asset Management LLC, Segantii Capital Management Ltd, Standard Life Aberdeen plc, and BNP PARIBAS ASSET MANAGEMENT Holding S.A.. View insider buying and selling activity for Xerox.

Shares of XRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of XRX stock can currently be purchased for approximately $17.66.

Xerox has a market capitalization of $3.76 billion and generates $9.07 billion in revenue each year. The information technology services provider earns $1.35 billion in net income (profit) each year or $3.55 on an earnings per share basis. Xerox employs 27,000 workers across the globe. View additional information about Xerox.

The official website for Xerox is http://www.xerox.com/.

Xerox's mailing address is P.O. Box 4505 201 Merritt 7, Norwalk CT, 06851. The information technology services provider can be reached via phone at 203-968-3000 or via email at ann.pett[email protected]