News stories about Xerox Corp (NYSE:XRX) have trended somewhat negative recently, according to Alpha One Sentiment Analysis. Alpha One, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xerox Corp earned a daily sentiment score of -0.05 on Alpha One’s scale. Alpha One also gave news headlines about the information technology services provider an impact score of 76 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Alpha One Sentiment Analysis’s scoring:
- Community Financial Services Group, LLC Buys SPDR S&P 500, Hanesbrands Inc, Wal-Mart Stores … (nasdaq.com)
- Shares of XRX Down 23.9% Since Downtrend Call on Shares (mysmartrend.com)
- ETFs with exposure to Xerox Corp. : May 19, 2017 (finance.yahoo.com)
- Official Price Target Objectives For Xerox Corporation (XRX), Ameren Corporation (AEE) – StockNewsMagazine (stocknewsmagazine.com)
- Xerox Corp (NYSE:XRX) Analyzing with Technical Overview – ExpertGazette (expertgazette.com)
Xerox Corp (NYSE:XRX) last issued its earnings results on Tuesday, April 25th. The information technology services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by $0.01. Xerox Corp had a return on equity of 13.39% and a net margin of 3.53%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, March 31st were given a dividend of $0.0625 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.57%. Xerox Corp’s dividend payout ratio (DPR) is presently 59.62%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Xerox Corp from a “hold” rating to a “sell” rating in a research report on Thursday, April 27th. Morgan Stanley dropped their target price on shares of Xerox Corp from $8.50 to $8.00 and set an “overweight” rating for the company in a research report on Wednesday, April 26th. Goldman Sachs Group Inc reiterated a “buy” rating and set a $8.50 target price on shares of Xerox Corp in a research report on Wednesday, April 26th. Credit Suisse Group AG reiterated a “buy” rating and set a $8.00 target price on shares of Xerox Corp in a research report on Friday, March 31st. Finally, Barclays PLC dropped their target price on shares of Xerox Corp from $10.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, February 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Xerox Corp presently has a consensus rating of “Buy” and an average target price of $9.16.
In other news, insider Yehia Abouelmaaty Omar sold 29,375 shares of Xerox Corp stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $7.09, for a total transaction of $208,268.75. Following the completion of the sale, the insider now owns 15,903 shares in the company, valued at approximately $112,752.27. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.
About Xerox Corp
Xerox Corporation is engaged in imaging, business process, analytics, automation and user-centric insights. The Company’s segments include Services, Document Technology and Other. The Company’s Services segment includes service offerings, such as BPO and Document Outsourcing (DO). It provides business services in markets across various industries and to government agencies.
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