The stocks of XRX have already issued a quarterly dividend last Thursday, i.e., the 20th of May, as stated by reports. Currently, the shareholders would be given a dividend of 0.25 per share on the 30th of June. This indicates a $1 dividend on an annual basis with a yield set at 4.21%. The date for the ex-dividend is the 29th of June.
The Quarterly Estimates of XRX
The stocks of XRX traded on Friday at $23.74. The current ratio of the company is 1.42, with a 1.18 quick ratio, and a 0.40 debt-to-equity ratio. The moving average price of the company over a period of 50 days is $24.38, with a moving average price set over 200 days at $23.51. The market cap of the firm has been set at $4.56 billion, with a 5.11 PE ratio, and a 1.64 beta. The year low of the company is $14.51, with a $26.96 year high.
XRX previously updated its quarterly report on the 19th of April. The provider of information technology services reported an EPS of $0.22 for the share, which slightly missed out on the consensus estimate set at $0.30. The revenue for the company generated during this period was $1.71 billion, which was more than the consensus expectation of $1.59 billion. The net margin for the company was 13.35%, with an 11.87% return on equity.
There have been quite a number of research equities that have commented on the stocks of XRX. Credit Suisse Group has already reduced the rating of the company from outperform to neutral with a price target reduced from $23 to $20 in a 26th January research report. TheStreet has also reduced the rating of the company from b- to c+ in a 20th April research report.