News stories about Xerox (NYSE:XRX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xerox earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 45.6995957648815 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
Shares of Xerox (NYSE XRX) traded down $0.59 during trading hours on Thursday, hitting $33.54. 1,409,157 shares of the stock traded hands, compared to its average volume of 2,647,768. The stock has a market capitalization of $8,690.00, a P/E ratio of 52.62 and a beta of 1.13. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.97. Xerox has a 1-year low of $26.64 and a 1-year high of $37.42.
Xerox (NYSE:XRX) last issued its earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.08. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xerox had a net margin of 5.29% and a return on equity of 17.23%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. sell-side analysts forecast that Xerox will post 3.38 earnings per share for the current fiscal year.
A number of research analysts have commented on XRX shares. Zacks Investment Research lowered shares of Xerox from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. UBS Group dropped their price objective on shares of Xerox from $36.00 to $34.50 and set a “neutral” rating on the stock in a research note on Friday, October 27th. Standpoint Research restated a “hold” rating on shares of Xerox in a research note on Wednesday. Finally, Loop Capital restated a “buy” rating and issued a $6.10 price objective on shares of Xerox in a research note on Thursday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $30.66.
In other news, EVP Herve Tessler sold 6,000 shares of Xerox stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $28.59, for a total value of $171,540.00. Following the sale, the executive vice president now owns 35,878 shares of the company’s stock, valued at $1,025,752.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.29% of the stock is owned by insiders.
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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.
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