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. Its Managed Document Services offerings help customers, ranging from small businesses to global enterprises, optimize their printing and related document workflow and business processes. Managed Document Services includes the document outsourcing business, as well as a set of communication and marketing solutions. The Company's Workplace Solutions and Graphic Communications products and solutions support the work processes of its customers by providing them with printing and communications infrastructure.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Commercial Document Management
- Sub-Industry: Office Electronics
- Symbol: NYSE:XRX
- CUSIP: 98412110
- Web: www.xerox.com
Capitalization:- Market Cap: $8.36981 billion
- Outstanding Shares: 254,169,000
Average Prices:- 50 Day Moving Avg: $32.16
- 200 Day Moving Avg: $29.58
- 52 Week Range: $22.90 - $33.19
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 9.80
- P/E Growth: -89.09
Sales & Book Value:- Annual Revenue: $10.38 billion
- Price / Sales: 0.81
- Book Value: $20.16 per share
- Price / Book: 1.64
Dividend:- Annual Dividend: $0.25
- Dividend Yield: 0.8%
Profitability:- EBIDTA: $1.46 billion
- Net Margins: 4.55%
- Return on Equity: 15.28%
- Return on Assets: 4.95%
Debt:- Debt-to-Equity Ratio: 0.82%
- Current Ratio: 1.46%
- Quick Ratio: 1.18%
Misc:- Average Volume: 2.41 million shs.
- Beta: 1.22
- Short Ratio: 1.39
Frequently Asked Questions for Xerox Corporation (NYSE:XRX)
What is Xerox Corporation's stock symbol?
Xerox Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "XRX."
How often does Xerox Corporation pay dividends? What is the dividend yield for Xerox Corporation?
Xerox Corporation declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.25 per share on Tuesday, October 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Xerox Corporation's previous quarterly dividend of $0.06. View Xerox Corporation's Dividend History.
When did Xerox Corporation's stock split? How did Xerox Corporation's stock split work?
Xerox Corporation shares reverse split 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 Corporation stock prior to the reverse split would have 25 shares after the split.
How were Xerox Corporation's earnings last quarter?
Xerox Corporation (NYSE:XRX) issued its earnings results on Tuesday, August, 1st. The company reported $0.87 EPS for the quarter, topping the Zacks' consensus estimate of $0.84 by $0.03. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.60 billion. Xerox Corporation had a net margin of 4.55% and a return on equity of 15.28%. The firm's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. View Xerox Corporation's Earnings History.
When will Xerox Corporation make its next earnings announcement?
Where is Xerox Corporation's stock going? Where will Xerox Corporation's stock price be in 2017?
10 analysts have issued 1 year target prices for Xerox Corporation's shares. Their forecasts range from $32.00 to $42.00. On average, they expect Xerox Corporation's stock price to reach $36.29 in the next twelve months. View Analyst Ratings for Xerox Corporation.
Who are some of Xerox Corporation's key competitors?
Some companies that are related to Xerox Corporation include Publicis Groupe SA (PUBGY), Global Payments (GPN), Nielsen N.V. (NLSN), Vantiv (VNTV), FleetCor Technologies (FLT), Verisk Analytics (VRSK), Adecco SA (AHEXY), Total System Services (TSS), Alliance Data Systems Corporation (ADS), Equifax (EFX), Randstad Hldgs Nv (RANJY), Gartner (IT), Intertek Gp Plc (IKTSY), Broadridge Financial Solutions (BR), Smiths Group PLC (SMGZY), Western Union Company (The) (WU), Interpublic Group of Companies, Inc. (The) (IPG) and TransUnion (TRU).
Who are Xerox Corporation's key executives?
Xerox Corporation's management team includes the folowing people:
- Jeffrey Jacobson, Chief Executive Officer, Director
- William F. Osbourn Jr., Chief Financial Officer, Executive Vice President
- Darrell L. Ford, Chief Human Resource Officer, Executive Vice President
- Sarah Hlavinka McConnell, Executive Vice President, General Counsel, Secretary
- Michael Feldman, Executive Vice President, President of North America Operations
- Herve Tessler, Executive Vice President, President - International Operations
- Ashok Vemuri, Executive Vice President, CEO, Xerox Services
- Kevin M. Warren, Executive Vice President, Chief Commercial Officer
- Steve Hoover, Senior Vice President, Chief Technology Officer
- Farooq Muzaffar, Senior Vice President, Chief Strategy and Marketing Officer
Who owns Xerox Corporation stock?
Xerox Corporation's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.71%), BlackRock Inc. (6.51%), State Street Corp (3.66%), Alliancebernstein L.P. (2.96%), Bank of New York Mellon Corp (2.77%) and LSV Asset Management (2.41%). Company insiders that own Xerox Corporation stock include Herve Tessler, James A Firestone, Joseph H Mancini, Leslie F Varon, Ursula M Burns and Yehia Abouelmaaty Omar. View Institutional Ownership Trends for Xerox Corporation.
Who sold Xerox Corporation stock? Who is selling Xerox Corporation stock?
Xerox Corporation's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., State Street Corp, Alliancebernstein L.P., LSV Asset Management, Bank of New York Mellon Corp, Dimensional Fund Advisors LP and Renaissance Technologies LLC. Company insiders that have sold Xerox Corporation stock in the last year include Herve Tessler, Joseph H Mancini, Leslie F Varon, Ursula M Burns and Yehia Abouelmaaty Omar. View Insider Buying and Selling for Xerox Corporation.
Who bought Xerox Corporation stock? Who is buying Xerox Corporation stock?
Xerox Corporation's stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., W. E. Donoghue & Co. LLC, Federated Investors Inc. PA, Koch Industries Inc., CIBC World Markets Inc., OxFORD Asset Management LLP, Brandywine Global Investment Management LLC and AXA. View Insider Buying and Selling for Xerox Corporation.
How do I buy Xerox Corporation stock?
Shares of Xerox Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Xerox Corporation's stock price today?
One share of Xerox Corporation stock can currently be purchased for approximately $33.13.
MarketBeat Community Rating for Xerox Corporation (NYSE XRX)MarketBeat's community ratings are surveys of what our community members think about Xerox Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Xerox Corporation (NYSE:XRX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 7 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.70) |
| Consensus Price Target: | $36.29 (9.53% upside) |
Analysts' Ratings History for Xerox Corporation (NYSE:XRX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 9/12/2017 | Barclays PLC | Reiterated Rating | Equal Weight | $33.00 -> $35.00 | Medium |  |
| 8/8/2017 | Loop Capital | Reiterated Rating | Buy | $36.00 -> $38.00 | Low | |
| 8/2/2017 | Credit Suisse Group | Boost Price Target | Outperform | $32.00 -> $34.00 | N/A | |
| 8/2/2017 | Citigroup Inc. | Set Price Target | Buy | $39.00 | Medium | |
| 6/16/2017 | Morgan Stanley | Lower Price Target | Overweight | $32.00 | Medium | |
| 4/26/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Buy | $34.00 | Low | |
| 1/8/2017 | BMO Capital Markets | Reiterated Rating | Hold | | N/A | |
| 1/5/2017 | Cross Research | Initiated Coverage | Buy | | N/A | |
| 1/3/2017 | J P Morgan Chase & Co | Upgrade | Neutral -> Overweight | $34.92 -> $42.00 | N/A | |
| 10/31/2016 | Brean Capital | Reiterated Rating | Hold | | N/A | |
| 9/13/2016 | SunTrust Banks, Inc. | Initiated Coverage | Buy | $52.00 | N/A | |
| 7/2/2016 | Piper Jaffray Companies | Reiterated Rating | Overweight | | N/A | |
| 4/27/2016 | Argus | Reiterated Rating | Hold | | N/A | |
(Data available from 9/23/2015 forward)
Earnings History for Xerox Corporation (NYSE:XRX)Earnings History by Quarter for Xerox Corporation (NYSE XRX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/26/2017 | | $0.83 | | | | | N/A | |
| 8/1/2017 | Q2 2017 | $0.84 | $0.87 | $2.60 billion | $2.57 billion | View | Listen | |
| 4/25/2017 | Q1 2017 | $0.64 | $0.60 | $2.46 billion | $2.45 billion | View | N/A | |
| 1/31/2017 | Q416 | $1.00 | $1.00 | $2.77 billion | $2.70 billion | View | Listen | |
| 10/28/2016 | Q316 | $1.08 | $1.08 | $4.31 billion | $4.20 billion | View | Listen | |
| 7/29/2016 | Q216 | $1.00 | $1.20 | $4.39 billion | $4.40 billion | View | Listen | |
| 4/25/2016 | Q116 | $0.92 | $0.88 | $4.24 billion | $4.30 billion | View | Listen | |
| 1/29/2016 | Q415 | $1.12 | $1.28 | $4.73 billion | $4.65 billion | View | Listen | |
| 10/26/2015 | Q315 | $0.92 | $0.96 | $4.54 billion | $4.30 billion | View | Listen | |
| 7/24/2015 | Q215 | $0.88 | $0.88 | $4.64 billion | $4.60 billion | View | Listen | |
| 4/24/2015 | Q115 | $0.84 | $0.84 | $4.56 billion | $4.50 billion | View | Listen | |
| 1/30/2015 | Q414 | $1.16 | $1.24 | $5.07 billion | $5.00 billion | View | Listen | |
| 10/22/2014 | Q314 | $1.04 | $1.08 | $5.19 billion | $5.12 billion | View | Listen | |
| 7/25/2014 | Q214 | $1.04 | $1.08 | $5.31 billion | $5.30 billion | View | Listen | |
| 4/22/2014 | Q114 | $0.96 | $1.08 | $5.15 billion | $5.10 billion | View | Listen | |
| 1/24/2014 | Q413 | $1.16 | $1.16 | $5.64 billion | $5.57 billion | View | Listen | |
| 10/24/2013 | Q313 | $1.00 | $1.04 | $5.34 billion | $5.26 billion | View | Listen | |
| 7/25/2013 | Q2 2013 | $0.96 | $1.08 | $5.50 billion | $5.40 billion | View | Listen | |
| 4/23/2013 | Q1 2013 | $0.96 | $1.08 | $5.50 billion | $5.40 billion | View | Listen | |
| 1/24/2013 | Q4 2012 | $1.16 | $1.20 | $5.88 billion | $5.90 billion | View | Listen | |
| 10/23/2012 | | $1.00 | $1.00 | | | View | N/A | |
| 7/20/2012 | | $1.04 | $1.04 | | | View | N/A | |
| 4/23/2012 | | $0.88 | $0.92 | | | View | N/A | |
| 1/25/2012 | | $1.32 | $1.32 | | | View | N/A | |
| 10/25/2011 | | $1.00 | $1.04 | | | View | N/A | |
| 7/22/2011 | | $0.96 | $1.08 | | | View | N/A | |
| 4/21/2011 | | $0.88 | $0.92 | | | View | N/A | |
| 1/26/2011 | | $1.12 | $1.16 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Xerox Corporation (NYSE:XRX)2017 EPS Consensus Estimate: $1.17
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.27 | $0.27 | $0.27 |
| Q2 2017 | 1 | $0.27 | $0.27 | $0.27 |
| Q3 2017 | 1 | $0.27 | $0.27 | $0.27 |
| Q4 2017 | 1 | $0.36 | $0.36 | $0.36 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Xerox Corporation (NYSE:XRX)| Next Dividend: | 10/31/2017 |
| Annual Dividend: | $0.25 |
| Dividend Yield: | 0.75% |
| Dividend Growth: | 12.10% (3 Year Average) |
| Payout Ratio: | 12.08% (Trailing 12 Months of Earnings)
7.49% (Based on This Year's Estimates)
7.40% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Xerox Corporation (NYSE XRX)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/20/2017 | quarterly | $0.25 | 3.4% | 9/28/2017 | 9/29/2017 | 10/31/2017 |
| 5/24/2017 | quarterly | $0.06 | 3.56% | 6/28/2017 | 6/30/2017 | 7/31/2017 |
| 2/24/2017 | quarterly | $0.25 | 3.36% | 3/29/2017 | 3/31/2017 | 4/28/2017 |
| 10/19/2016 | quarterly | $0.31 | 3.22% | 12/13/2016 | 12/15/2016 | 1/31/2017 |
| 7/20/2016 | quarterly | $0.31 | 3.17% | 9/28/2016 | 9/30/2016 | 10/31/2016 |
| 5/23/2016 | quarterly | $0.31 | 3.4% | 6/28/2016 | 6/30/2016 | 7/29/2016 |
| 1/29/2016 | quarterly | $0.31 | 2.97% | 3/29/2016 | 3/31/2016 | 4/29/2016 |
| 10/20/2015 | quarterly | $0.28 | 2.76% | 12/29/2015 | 12/31/2015 | 1/29/2016 |
| 7/22/2015 | quarterly | $0.28 | 2.59% | 9/28/2015 | 9/30/2015 | 10/30/2015 |
| 5/20/2015 | quarterly | $0.28 | 2.43% | 6/26/2015 | 6/30/2015 | 7/31/2015 |
| 1/30/2015 | quarterly | $0.28 | 2.08% | 3/27/2015 | 3/31/2015 | 4/30/2015 |
| 10/15/2014 | quarterly | $0.25 | 2.01% | 12/29/2014 | 12/31/2014 | 1/31/2015 |
| 7/17/2014 | quarterly | $0.25 | 1.93% | 9/26/2014 | 9/30/2014 | 10/31/2014 |
| 5/20/2014 | quarterly | $0.25 | 2.11% | 6/26/2014 | 6/30/2014 | 7/31/2014 |
| 1/24/2014 | quarterly | $0.25 | 2.22% | 3/27/2014 | 3/31/2014 | 4/30/2014 |
| 10/16/2013 | quarterly | $0.23 | 2.13% | 12/27/2013 | 12/31/2013 | 1/31/2014 |
| 7/18/2013 | quarterly | $0.23 | 2.37% | 9/26/2013 | 9/30/2013 | 10/31/2013 |
| 5/21/2013 | quarterly | $0.23 | 2.61% | 6/26/2013 | 6/28/2013 | 7/31/2013 |
| 2/20/2013 | quarterly | $0.23 | 2.93% | 3/26/2013 | 3/28/2013 | 4/30/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Xerox Corporation (NYSE:XRX)Insider Ownership Percentage: 0.37%
Institutional Ownership Percentage: 84.13%
Insider Trades by Quarter for Xerox Corporation (NYSE:XRX)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 5/1/2017 | Yehia Abouelmaaty Omar | Insider | Sell | 29,375 | $7.09 | $208,268.75 | |
| 11/23/2016 | Leslie F Varon | CFO | Sell | 3,510 | $9.45 | $33,169.50 | |
| 11/15/2016 | Herve Tessler | Insider | Sell | 14,000 | $9.49 | $132,860.00 | |
| 11/9/2016 | Joseph H. Mancini | VP | Sell | 2,628 | $9.18 | $24,125.04 | |
| 11/3/2016 | Ursula M Burns | Chairman | Sell | 74,815 | $9.51 | $711,490.65 | |
| 8/15/2016 | Ursula M Burns | Chairman | Sell | 3,317 | $9.85 | $32,672.45 | |
| 8/3/2016 | Herve Tessler | Insider | Sell | 13,000 | $9.89 | $128,570.00 | |
| 7/1/2016 | James A Firestone | EVP | Sell | 50,000 | $9.36 | $468,000.00 | |
| 8/7/2014 | Robert K Zapfel | EVP | Buy | 40,000 | $12.94 | $517,600.00 | |
| 8/4/2014 | Don H Liu | Insider | Sell | 20,000 | $13.10 | $262,000.00 | |
| 7/30/2014 | Herve Tessler | SVP | Sell | 20,769 | $13.12 | $272,489.28 | |
| 5/8/2014 | Lima Armando Zagalo De | EVP | Sell | 29,317 | $12.00 | $351,804.00 | |
| 5/1/2014 | Don Liu | Insider | Sell | 15,000 | $12.15 | $182,250.00 | |
| 5/1/2014 | Lima Armando Zagalo De | EVP | Sell | 24,900 | $12.15 | $302,535.00 | |
| 4/30/2014 | Lynn Blodgett | EVP | Sell | 400,000 | $12.01 | $4,804,000.00 | |
| 4/29/2014 | Don Liu | Insider | Sell | 10,000 | $12.13 | $121,300.00 | |
| 4/29/2014 | Leslie Varon | VP | Sell | 20,000 | $12.09 | $241,800.00 | |
| 4/29/2014 | Ursula Burns | CEO | Sell | 300,000 | $12.00 | $3,600,000.00 | |
| 2/6/2014 | Lynn Blodgett | EVP | Sell | 660,886 | $10.35 | $6,840,170.10 | |
| 1/2/2014 | James Firestone | EVP | Sell | 246,501 | $11.93 | $2,940,756.93 | |
| 11/18/2013 | Don Liu | Insider | Sell | 20,000 | $11.06 | $221,200.00 | |
| 8/12/2013 | Joseph Mancini | CAO | Sell | 17,243 | $10.00 | $172,430.00 | |
| 8/12/2013 | Lynn Blodgett | EVP | Sell | 200,000 | $10.10 | $2,020,000.00 | |
| 8/9/2013 | Lynn Blodgett | EVP | Sell | 522,043 | $9.96 | $5,199,548.28 | |
| 8/7/2013 | Lynn Blodgett | EVP | Sell | 777,957 | $9.97 | $7,756,231.29 | |
| 8/5/2013 | Don Liu | Insider | Sell | 10,000 | $10.00 | $100,000.00 | |
| 8/5/2013 | Lima Armando Zagalo De | EVP | Sell | 144,957 | $10.00 | $1,449,570.00 | |
| 8/1/2013 | Don H Liu | Insider | Sell | 15,000 | $9.87 | $148,050.00 | |
| 5/9/2013 | Don H Liu | Insider | Sell | 10,000 | $9.00 | $90,000.00 | |
| 5/9/2013 | Lima Armando Zagalo De | EVP | Sell | 50,000 | $8.86 | $443,000.00 | |
| 3/6/2013 | Leslie F Varon | VP | Sell | 25,000 | $8.40 | $210,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Xerox Corporation (NYSE:XRX)
Latest Headlines for Xerox Corporation (NYSE:XRX)
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Xerox Corporation (XRX) Chart for Saturday, September, 23, 2017
