Xerox Corp Declares Quarterly Dividend of $0.06 (XRX)
Xerox Corp (NYSE:XRX) announced a quarterly dividend on Tuesday, May 20th, Analyst Ratings News reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.0625 per share on Thursday, July 31st. This represents a $0.25 annualized dividend and a dividend yield of 2.05%.
A number of research firms have recently commented on XRX. Analysts at Susquehanna initiated coverage on shares of Xerox Corp in a research note on Thursday, April 24th. They set a “positive” rating and a $14.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Xerox Corp in a research note on Wednesday, April 23rd. They now have a $12.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Xerox Corp from $9.00 to $11.00 in a research note on Wednesday, April 23rd. They now have an “underweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.33.
Shares of Xerox Corp (NYSE:XRX) traded down 1.48% during mid-day trading on Tuesday, hitting $11.99. 3,849,066 shares of the company’s stock traded hands. Xerox Corp has a 1-year low of $8.66 and a 1-year high of $12.65. The stock has a 50-day moving average of $11.72 and a 200-day moving average of $11.30. The company has a market cap of $13.996 billion and a P/E ratio of 13.37.
Xerox Corp (NYSE:XRX) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.03. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter last year, the company posted $0.27 earnings per share. Xerox Corp’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that Xerox Corp will post $1.10 EPS for the current fiscal year.
In other Xerox Corp news, EVP Lima Armando Zagalo De unloaded 29,317 shares of Xerox Corp stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $12.00, for a total value of $351,804.00. Following the completion of the transaction, the executive vice president now directly owns 226,118 shares of the company’s stock, valued at approximately $2,713,416. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Xerox Corporation provides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.
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