XRX Stock Recent News

The index huggers are, rightfully, fretting about the only position they own, the S&P 500, which is heavy on Nvidia (NVDA). The soon-to-be-fallen angel is the third largest component of the index at 6.3%.

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) announced today the company will participate at the Citi 2024 Global TMT Conference on September 5th. Citi 2024 Global TMT Conference WHEN: 3:50 p.m. EDT, Thursday, September 5, 2024 WHAT: Citi 2024 Global TMT Conference WHO: Steve Bandrowczak, chief executive officer John Bruno, president and chief operating officer Xavier Heiss, chief financial officer David Beckel, vice president and head of investor relations WHERE: L.

I remain sell-rated, as I expect Xerox Holdings to miss FY24 guidance. Weak Q2 results reinforced the sell rating, with no signs of improvement and a downward revision of FY24 guidance. Concerns about XRX's ability to achieve cost savings, margin improvement, and revenue growth led to a continued sell rating.

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Xerox Holdings' (XRX) second-quarter 2024 earnings and revenues decrease year over year.

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on October 31, 2024, to shareholders of record on September 30, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2024 to s.

Xerox Holdings Corporation (NASDAQ:XRX ) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants David Beckel - VP, IR Steve Bandrowczak - CEO John G. Bruno - President and COO Xavier Heiss - CFO Conference Call Participants Ananda Baruah - Loop Capital Samik Chatterjee - J.P.

Although the revenue and EPS for Xerox (XRX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Xerox Holdings Corporation (XRX) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.44 per share a year ago.

Xerox stock has plunged, now yielding about 9% and trading at 5 times earnings, showing potential upside. This company's slow growth and low valuation are reminiscent of past tech giants like Microsoft and Meta Platforms. Xerox's strategic plan, potential growth drivers, and high dividend yield make it an interesting long-term investment option.