Xerox (NYSE:XRX – Get Free Report) posted its quarterly earnings data on Thursday. The information technology services provider reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.14), RTT News reports. Xerox had a positive return on equity of 7.49% and a negative net margin of 1.60%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue was down 10.0% compared to the same quarter last year. Xerox updated its FY 2024 guidance to EPS.
Xerox Price Performance
Shares of NYSE:XRX opened at $11.03 on Friday. Xerox has a 12 month low of $10.28 and a 12 month high of $19.78. The firm has a market capitalization of $1.37 billion, a P/E ratio of -7.03 and a beta of 1.58. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.49 and a quick ratio of 1.07. The company’s fifty day moving average price is $12.73 and its 200 day moving average price is $15.35.
Xerox Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Friday, June 28th. Xerox’s payout ratio is -63.69%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Xerox
Xerox Company Profile
Xerox Holdings Corporation, together with its subsidiaries, operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally. The company operates through two segments, Print and Other; and FITTLE.
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