News articles about Xerox (NYSE:XRX) have been trending somewhat negative recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xerox earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned news coverage about the information technology services provider an impact score of 43.9335925844432 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Xerox (XRX) traded down $0.56 during trading on Tuesday, hitting $29.39. 806,777 shares of the stock traded hands, compared to its average volume of 3,051,426. Xerox has a 52 week low of $26.64 and a 52 week high of $37.42. The firm has a market capitalization of $7,539.09, a price-to-earnings ratio of 46.32 and a beta of 1.13. The company has a quick ratio of 1.57, a current ratio of 1.91 and a debt-to-equity ratio of 0.99.
Xerox (NYSE:XRX) last announced its earnings results on Wednesday, January 31st. The information technology services provider reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.08. Xerox had a net margin of 1.67% and a return on equity of 17.13%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts forecast that Xerox will post 3.43 earnings per share for the current fiscal year.
Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Xerox from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday. Zacks Investment Research upgraded shares of Xerox from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Saturday. UBS Group upgraded shares of Xerox from a “neutral” rating to a “buy” rating in a research note on Monday, February 5th. Loop Capital reiterated a “buy” rating on shares of Xerox in a research note on Thursday, February 1st. Finally, Standpoint Research reiterated a “hold” rating on shares of Xerox in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Xerox presently has an average rating of “Buy” and an average target price of $35.72.
In related news, insider Carl C. Icahn sold 1,161,404 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $34.49, for a total value of $40,056,823.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Carl C. Icahn sold 140,011 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $32.50, for a total transaction of $4,550,357.50. The disclosure for this sale can be found here. Corporate insiders own 0.29% of the company’s stock.
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Xerox Company Profile
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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