Xerox Corp. (NYSE:XRX) announced a quarterly dividend on Thursday, July 18th, StockRatingsNetwork.com reports. Stockholders of record on Monday, September 30th will be paid a dividend of $0.0575 per share on Thursday, October 31st. This represents a $0.23 annualized dividend and a dividend yield of 2.37%.
XRX has been the subject of a number of recent research reports. Analysts at Brean Capital reiterated a “buy” rating on shares of Xerox Corp. in a research note to investors on Wednesday, June 19th. They now have a $10.50 price target on the stock. On the ratings front, analysts at Piper Jaffray Cos. reiterated an “overweight” rating on shares of Xerox Corp. in a research note to investors on Monday, June 17th. They now have a $12.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Xerox Corp. from $8.00 to $9.00 in a research note to investors on Wednesday, April 24th. They now have a “neutral” rating on the stock.
One analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $9.58.
Xerox Corp. (NYSE: XRX) traded up 1.19% on Thursday, hitting $9.805. Xerox Corp. has a 1-year low of $6.10 and a 1-year high of $9.90. The stock’s 50-day moving average is currently $9.2. The company has a market cap of $12.040 billion and a price-to-earnings ratio of 10.50.
Xerox Corp. (NYSE:XRX) last announced its earnings results on Tuesday, April 23rd. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.03. The company had revenue of $5.40 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. Xerox Corp. has set its Q2 guidance at $0.23-0.25 EPS and its FY13 guidance at $1.09-1.15 EPS. On average, analysts predict that Xerox Corp. will post $1.10 earnings per share for the current fiscal year.
Xerox Corporation,provides a portfolio of business process and information technology (NYSE: XRX) outsourcing support, document technology and solutions.