Xerox (NYSE:XRX – Get Free Report) issued its quarterly earnings results on Tuesday. The information technology services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.29), RTT News reports. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.53 billion. Xerox had a positive return on equity of 7.77% and a negative net margin of 2.74%. Xerox’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Xerox updated its FY 2024 guidance to EPS.
Xerox Price Performance
Shares of Xerox stock opened at $14.38 on Thursday. Xerox has a 52-week low of $12.06 and a 52-week high of $19.78. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.62 and a beta of 1.56. The company has a fifty day moving average of $17.42 and a 200-day moving average of $16.30. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.91 and a current ratio of 1.37.
Xerox Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.95%. Xerox’s dividend payout ratio (DPR) is -63.69%.
Wall Street Analyst Weigh In
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About Xerox
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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