Analysts Point To Xerox Holdings Corp (NASDAQ: XRX) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Xerox Holdings Corporation Plans Webcast to Discuss 2023 Fourth-Quarter and Full-Year Results.

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Stocks Info

As a NASDAQ listed company, XRX falls under the Technology sector while operating within the Information Technology Services industry segment. The current market capitalization of Xerox Holdings Corp is $1.95B. A total of 1.36 million shares were traded on the day, compared to an average of 2.24M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, XRX has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 124,751 and the disposition of 124,751 shares. Over the last 12 months, there were 19 BUYs and 17 SELLs from insiders. Insiders purchased 551,976 shares during that period but sold 34,632,949.

In the most recent transaction, ICAHN CARL C sold 34,245,314 shares of XRX for 15.84 per share on Sep 28. After the transaction, the 10% Owner now owns 0 company shares. In a previous transaction on Sep 05, Morno-Wade Suzan sold 9,126 shares at 16.75 per share. XRX shares that EVP & CHRO owns now total 46,323.

Among the insiders who sold shares, BANDROWCZAK STEVEN JOHN disposed of 135,000 shares on Aug 09 at a per-share price of $15.53. This resulted in the Chief Executive Officer holding 110,557 shares of XRX after the transaction. In another insider transaction, Morno-Wade Suzan sold 5,980 shares at $16.00 per share on Jul 18. Company shares held by the EVP & CHRO now total 55,449.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Xerox Holdings Corp pays an annual dividend of $1.04, resulting in a dividend yield of 6.60%, and it has a price to earnings (P/E) ratio of 14.91.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, XRX has a high of $19.00 and a low of $12.06.

As of this writing, XRX has an earnings estimate of $0.53 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.54 per share and a lower estimate of $0.52. The company reported an EPS of $0.44 in the last quarter, which was 46.70% higher than expectations of $0.3.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. XRX’s latest balance sheet shows that the firm has $1.84B in Cash & Short Term Investments as of fiscal 2021. There were $4.54B in debt and $2.83B in liabilities at the time. Its Book Value Per Share was $22.69, while its Total Shareholder’s Equity was $4.45B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for XRX is Buy with a score of 1.67.

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