Zacks Research Issues Optimistic Forecast for Xerox Earnings

Xerox Holdings Co. (NASDAQ:XRX) – Research analysts at Zacks Research increased their Q1 2027 earnings per share estimates for shares of Xerox in a report issued on Thursday, May 21st. Zacks Research analyst Team now forecasts that the information technology services provider will earn $0.16 per share for the quarter, up from their prior forecast of $0.15. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Xerox’s current full-year earnings is $0.16 per share. Zacks Research also issued estimates for Xerox’s FY2027 earnings at $1.03 EPS.

A number of other research firms have also recently issued reports on XRX. Citigroup reissued a “neutral” rating and set a $2.50 target price (down from $3.50) on shares of Xerox in a research note on Friday, January 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Xerox in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $2.50.

Xerox Price Performance

NASDAQ XRX opened at $2.90 on Monday. The business has a 50 day simple moving average of $1.80 and a 200 day simple moving average of $2.18. Xerox has a 52-week low of $1.19 and a 52-week high of $6.80. The company has a debt-to-equity ratio of 14.04, a quick ratio of 0.85 and a current ratio of 1.18. The stock has a market cap of $379.26 million, a price-to-earnings ratio of -0.35 and a beta of 2.28.

Xerox (NASDAQ:XRX) last announced its quarterly earnings results on Thursday, April 30th. The information technology services provider reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Xerox had a negative return on equity of 12.08% and a negative net margin of 14.09%.Xerox’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.06) EPS.

Xerox Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Xerox’s dividend payout ratio (DPR) is currently -1.20%.

Hedge Funds Weigh In On Xerox

Several hedge funds have recently made changes to their positions in the business. Rangeley Capital LLC bought a new position in shares of Xerox during the 1st quarter worth approximately $129,000. Renaissance Technologies LLC grew its stake in shares of Xerox by 926.4% during the 1st quarter. Renaissance Technologies LLC now owns 645,624 shares of the information technology services provider’s stock worth $833,000 after acquiring an additional 582,724 shares in the last quarter. Gabelli Funds LLC grew its stake in shares of Xerox by 17.2% during the 1st quarter. Gabelli Funds LLC now owns 68,000 shares of the information technology services provider’s stock worth $88,000 after acquiring an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Xerox by 1.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 564,000 shares of the information technology services provider’s stock worth $728,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of Xerox in the 1st quarter valued at approximately $80,000. 85.36% of the stock is owned by institutional investors.

About Xerox

Xerox Holdings Corporation (NYSE: XRX) is a global provider of document management technology and services. The company designs and manufactures a broad range of multifunction printers, production printers, digital presses and related consumables. In addition to its hardware offerings, Xerox delivers software and workflow automation solutions, managed print services and cloud-based document platforms that help organizations optimize their information-intensive processes.

Founded in 1906 as The Haloid Photographic Company, Xerox pioneered xerographic imaging in the late 1940s, launching the first plain-paper copier in 1959.