XRX - Xerox Holdings Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
17.45
+0.45 (+2.65%)
As of 11:46AM EDT. Market open.
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close17.00
Open17.20
Bid17.33 x 800
Ask17.36 x 800
Day's Range17.02 - 17.52
52 Week Range14.22 - 39.47
Volume1,125,182
Avg. Volume3,594,603
Market Cap3.716B
Beta (5Y Monthly)1.68
PE Ratio (TTM)3.27
EPS (TTM)5.34
Earnings DateJul 28, 2020 - Aug 03, 2020
Forward Dividend & Yield1.00 (5.88%)
Ex-Dividend DateJun 29, 2020
1y Target Est18.25
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Undervalued
8% Est. Return
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  • Bloomberg

    HP Reports Declining Revenue on Supply-Chain Disruptions

    (Bloomberg) -- HP Inc. reported declining quarterly sales, signaling the coronavirus pandemic has disrupted the supply chain of the world’s second-largest personal computer maker. Shares declined about 5.5% in extended trading.Revenue fell 11% to $12.5 billion in the period ended April 30, the Palo Alto, California-based company said Wednesday in a statement. Analysts, on average, estimated $12.9 billion, according to data compiled by Bloomberg. HP projected profit, excluding some expenses, of 39 cents to 45 cents a share in the current quarter, falling short of analysts estimates of 46 cents.HP will delay its splashy $15 billion buyback plan until the “market stabilizes,” Chief Financial Officer Steve Fieler said on a conference call after the results. The company will provide an update on the repurchases some time in the current quarter, he said.The buybacks were part of a $16 billion program to return more money to shareholders. The company adopted the proposal to dissuade investors from supporting a hostile takeover bid by rival Xerox Holdings Corp., which eventually dropped its effort March 31, citing economic uncertainty caused by the pandemic. HP Chief Executive Officer Enrique Lores has sought to shore up the print division he once ran because of its traditional role fueling the company’s profitability.HP reported fiscal second-quarter profit, excluding some expenses, of 51 cents per share, exceeding analysts’ projections of 42 cents.“Driven by supply-chain disruptions, we saw an impact in several of our businesses,” Lores said in an interview. “They started in China, then they evolved into Southeast Asia. But we are back at full capacity.”Executives cautioned that the printing division would post worse results in the current period ending in July than in the previous quarter, but revenue should improve over the course of the period. The company said it is ahead of its target to cut $1.2 billion of expenses by 2022, including by trimming employees’ salaries. HP expects to spend more money on the supply chain and logistics efforts in the current period, executives said on the call.The stock dropped to a low of $16.12 in extended trading after closing at $17.12 in New York. Shares have declined 17% this year.Revenue from personal computers and related systems decreased 7% to $8.3 billion in the period, with declines across laptops, desktops and workstations. Laptop demand held up the best due to more people buying computers to work and learn from home.Sales in the printing division fell 19% to $4.15 billion, with ink supplies dropping 15%. Consumer hardware revenue declined 16% and commercial devices decreased 31%.(Updates with executive comments starting in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    HP’s Notebook Sales Were Solid and Printer Demand Was Weak. Revenues Missed Estimates.

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  • Important Update for Xerox Annual Meeting of Shareholders
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    Important Update for Xerox Annual Meeting of Shareholders

    Due to the public health effects of the COVID-19 outbreak the Xerox Annual Meeting of Shareholders will now be held as a virtual meeting.

  • GlobeNewswire

    Green Plains to Supply Xerox with FDA Approved FCC Grade Alcohol

    OMAHA, Neb., May 05, 2020 -- In response to the ongoing COVID-19 pandemic, Green Plains Inc. (NASDAQ:GPRE) is supplying FDA approved, FCC grade alcohol to Xerox Holdings.

  • Xerox (XRX) Q1 2020 Earnings Call Transcript
    Motley Fool

    Xerox (XRX) Q1 2020 Earnings Call Transcript

    During this call, Xerox executives will refer to slides that are available on the web at www.xerox.com/investors. At the request of Xerox Holdings Corporation, today's conference call is being recorded. Other recording and/or rebroadcasting of this call are prohibited without the expressed permission of Xerox.

  • Benzinga

    Xerox Holdings: Q1 Earnings Insights

    Shares of Xerox Holdings (NYSE:XRX) fell around 2% after the company reported Q1 results.Quarterly Results Earnings per share fell 76.92% over the past year to $0.21, which missed the estimate of $0.36.Revenue of $1,860,000,000 less by 15.68% year over year, which beat the estimate of $1,720,000,000.Looking Ahead Xerox Holdings hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: Apr 28, 2020View more earnings on XRXTime: 08:05 AM ETWebcast URL: https://edge.media-server.com/mmc/p/anphbtqzPrice Action Company's 52-week high was at $39.47Company's 52-week low was at $15.01Price action over last quarter: down 51.33%Company Description Xerox is an original equipment manufacturing and software company. Xerox operates in one segment--design, development and sale of printing technology and related solutions--while deriving 60% of its revenue from North America, and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy and scan), focusing on large enterprise markets. Apart from equipment, the company provides post sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.See more from Benzinga * 6 Technology Stocks Moving In Thursday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Xerox's (XRX) Earnings Miss Estimates in Q1, Decrease Y/Y
    Zacks

    Xerox's (XRX) Earnings Miss Estimates in Q1, Decrease Y/Y

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  • Xerox Withdraws 2020 Guidance After Posting Loss Due to Virus
    Bloomberg

    Xerox Withdraws 2020 Guidance After Posting Loss Due to Virus

    (Bloomberg) -- Xerox Holdings Corp., which last month dropped a hostile takeover bid for larger rival HP Inc., withdrew its annual revenue forecast, signaling uncertainty over how high a toll the economic slowdown from the Covid-19 pandemic will take on the copy-machine maker.Revenue reached $1.9 billion over the first quarter, a 14% drop from a year earlier, the Norwalk, Connecticut-based company said Tuesday in a statement. Pretax losses came in at $5 million. Xerox said in January it expected to generate adjusted profit of as much as $3.70 a share on revenue of $8.63 billion in fiscal 2020.Xerox is reporting results for the first time since calling off its effort to acquire HP because of the economic uncertainty caused by the virus. Now Chief Executive Officer John Visentin must shepherd the pioneer in photocopying technology through the downturn in the face of falling demand for printed documents and eight years of declining sales. Businesses, preserving cash to weather a possible recession, are also postponing information technology projects, representing a threat to Xerox.“While this isn’t the year we planned for, it’s the one we have,” Visentin said on a conference call with analysts. “I’m doing everything to make sure that Xerox and its team members get out of this in a position of strength.”Xerox’s shares rose 2% in trading in New York. The stock has plunged 50% this year.The hardware company warned that, because of the lock down measures countries are implementing, the hit on its business could persist. Xerox expects the greatest impact to its revenues from business closures to be during the second quarter, with revenue returning closer to expected levels nearer the end of the year.Xerox generated $325 million in equipment sales of hardware in the first quarter, a decrease of 27% from a year earlier. The company recognized $1.5 billion in post-sale revenue during the period, which includes ink supplies, maintenance and other managed services.Xerox executives said the company is cutting non-essential expenses to preserve cash. The company expects to achieve gross savings of $450 million and return 50% of free cash flow to investors this year.The hardware company is seeing the most demand for machines from U.S. state and federal governments and healthcare clients, Visentin said. Xerox is participating in European government programs that help pay the salaries of its employees, and has encouraged U.S. clients to apply for government subsidy programs. For customers that are struggling, Xerox is trying to find flexible, individual solutions, including letting some businesses defer their monthly payments for a later date.(Updates with CEO quote in fifth paragraph and additional details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • TheStreet.com

    Xerox Withdraws 2020 Guidance, Reports $2M First-Quarter Loss

    Xerox on Tuesday withdrew its 2020 financial guidance, citing the impact of the coronavirus pandemic, and the copy machine maker missed Wall Street's first-quarter earnings expectations. Xerox's revenue totaled $1.86 billion, down 14.7% from a year ago, but beat Wall Street's call for $1.78 billion. Last month, Xerox scrubbed its $35 billion hostile takeover bid for HP Inc. out of concern about the coronavirus outbreak.

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  • Xerox (XRX) Announces Plan to Manufacture Hand Sanitizers
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  • Xerox Holdings Corporation Plans Webcast to Discuss First-Quarter 2020 Results
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  • Bloomberg

    Pandemic Could End Shareholder Supremacy for Good

    (Bloomberg Opinion) -- In 1943, a group of top U.S. businessmen, calling themselves the Committee for Economic Development, began meeting in New York to discuss postwar employment. Sooner or later, they knew, legions of servicemen would be returning home in need of jobs. Forecasters were predicting that up to 30 million people could be unemployed once the war ended, which would plunge the country right back into the depression it had pulled out of only recently.To avoid that fate, economists calculated that the country needed 58 million private-sector jobs, up from 49 million in 1940. Abandoning conventional corporate wisdom, the committee embraced organized labor and called for deficit spending by the federal government. According to Rick Wartzman’s book, “The End of Loyalty,”(1)Harrison Jones, the chairman of Coca-Cola, argued that companies would need to start hiring more workers than they needed “so that the nation’s economic flywheel would begin to turn —workers becoming consumers, leading to demand for more products made by more workers.” In addition, prices would need to be low and paychecks high — even though that would obviously affect profitability.And that’s exactly what industry did when the war ended in 1945. By putting the needs of the country ahead of profits, corporate executives helped initiate one of the greatest economic expansions in history.Fast-forward to 2008. The “we’re all in this together” ethos that characterized top executives in the postwar era had been replaced by a new creed: “I’ve got mine.” Those ensconced in America’s C-suites were making millions of dollars every year  — sometimes tens of millions — while worker pay had stagnated. Shareholder value reigned supreme. Companies’ commitments to the cities in which they operated had evaporated. Shareholder activists attacked companies that weren’t ruthless enough about laying off workers or taking on debt. The needs of consumers and employees paled next to enriching shareholders.The 2008 financial crisis exemplified this attitude. Think about how banks and mortgage servicers acted when millions of homeowners were unable to afford their subprime loans. Most of the time, they foreclosed instead of trying to find a way to modify the loans so that owners could remain in their homes. American International Group, which required a $170 billion bailout from the government, insisted on paying its traders $165 million in undeserved bonuses. Small companies closed because they couldn’t obtain loans — even though the big banks had taken billions in bailout loans from the feds. New layoffs were announced seemingly every day as the U.S. suffered through the worst recession since the Great Depression.Now, of course, the world is suffering through a new crisis, one caused by a pandemic. A few weeks ago, I wrote about how the coronavirus crisis had caused the Twitterati to act more respectfully toward one another. It’s true in the physical world as well: bikers and joggers smile and wave as they pass one another; customers ask about the well-being of those who are serving them; people wait without complaint as they stand in line, 6 feet apart, for their turn to enter the grocery store. There are a hundred examples like that.When the coronavirus crisis first began, I wondered how the men and women running companies would act. Would they behave like the executives of the 1940s or like those of 2008 and 2009? So far, at least, the answer appears to be the former. The larger question is whether this change will be lasting.Let me give you two examples that crossed my radar screen recently. In their own ways, they are representative of what many companies are doing.Xerox Holdings Corp. is not one of those companies facing a grim post-crisis future. Last year, it had $1.4 billion in earnings and $1.2 billion in free cash flow. Compared with other big companies, its stock buyback program is small. And though business is undoubtedly down, the company continues to generate revenue; the health-care industry, after all, uses copiers.Xerox was onto the crisis early; it had a stay-at-home policy in place well before the federal government began urging people to self-isolate. But the Xerox brass, starting with Chief Executive Officer John Visentin, decided that it wasn’t enough to simply ride out the crisis. “We have some of the smartest scientists in the world,” Visentin told me the other day. “It was impossible to believe that we couldn’t do something for mankind.”The first thing the company did was join forces with the suit manufacturer Hickey Freeman, which like Xerox is based in Rochester, New York, to make masks for Rochester General Hospital. (It turns out that N-95 masks are made from the same material that is used in some of Xerox’s high-end printers.)Looking around for more it could do, Xerox began to focus on ventilators. It found a small company in California, Vortran Medical Technology, which makes a $120 ventilator that’s meant to be used by patients who don’t need a full-blown $20,000 intensive care ventilator. (Most Covid-19 patients fall into that category.)Xerox and Vortran struck up a partnership. Xerox has since put together a supply chain, obtained the equipment it needs to create a small ventilator plant and is devoting a portion of its factory floor near Rochester to the venture. The floor is being configured so that the workers will be 6 feet apart, and other social-distancing measures are being taken. The hope is that  Vortran and Xerox will be able to produce 150,000 to 200,000 of these disposable ventilators a month.Nobody asked Xerox to do this, which is part of the point. It saw a need — one that had nothing to do with its core business, and will never make much money — and decided to try to fill it. Hundreds of Xerox employees have been volunteering to join the project, which is another important aspect: Employees and management are aligned, something that hasn’t often been true in corporate America these past few decades.My second example is Bank of America. As my Bloomberg Opinion colleague Brian Chappatta noted in a column on Wednesday, the bank’s first-quarter profits were down 45%. But CEO Brian Moynihan seemed unperturbed.“Just as important as our financial results this quarter is what we are doing to take care of our teammates and to help our clients and our communities impacted by the virus,” he said at the opening of the bank’s quarterly conference call. Curious, I asked a bank spokeswoman for some more details. A half-hour later, she sent me a long list.It was impressive. For employees, the list included no layoffs in 2020 because of the coronavirus crisis; expanded benefits including no-cost coronavirus testing and $100 a day for backup child care; and a $20 an hour minimum pay rate. For customers, the bank has stopped foreclosures and allowed them to request payment deferrals on everything from auto loans to credit card late fees. There was more, including $100 million for communities to buy medical supplies and help for small businesses.When was the last time you heard a CEO tell a group of Wall Street analysts that its treatment of employees was as important as its financial results? Maybe never. How often have companies used their core resources to tackle societal challenges that will never accrue to the bottom line?That this is taking place across corporate America gives me hope. There is something about disease — and the prospect of death — that causes people to think hard about what truly matters. This may turn out to be naïve, but I believe that is happening in the executive suites of America’s big companies.Shareholder value has been an insidious force inside U.S. businesses, creating incentives that have led to selfish and callous behavior. If this crisis brings about a new set of C-suite values — or, more accurately, a return to an old set of values — then at least one good thing will have come of it.(1) The book’s full title is “The End of Loyalty: The Rise and Fall of Good Jobs in America.”This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Cramer Advises His Viewers On Alcoa, Xerox, Tesla And More
    Benzinga

    Cramer Advises His Viewers On Alcoa, Xerox, Tesla And More

    On CNBC's "Mad Money Lightning Round," Jim Cramer said he doesn't like metals here. He would stay away from Alcoa Corp (NYSE: AA).Cramer advised his viewer not to sell his position in Livongo Health Inc (NASDAQ: LVGO). This is a kind of sweet spot technology company we all need, said Cramer.ONEOK, Inc. (NYSE: OKE) did get an upgrade on Tuesday. He thinks the dividend is safe, but the whole group is really hurt.Tesla Inc (NASDAQ: TSLA) goes higher, said Cramer. The stock was upgraded by Credit Suisse and Cramer thinks other analysts still have to get behind it.Cramer is not a buyer of Xerox Holdings Corp (NYSE: XRX). He thinks management has embarrassed themselves when they tried to buy HP Inc (NYSE: HPQ).The best sun business is Tesla, said Cramer. He is not a fan of SunPower CorporationSPWR).Cramer doesn't care for the cruise industry, but he thinks anything is possible with Carnival Corp (NYSE: CCL).Pinterest Inc (NYSE: PINS) withdrew its guidance and everybody freaked out, said Cramer. He thinks it's okay.Related Links:Tesla's Stock Keeps Rising After Goldman Sachs Gives Shares 4 Price TargetCramer On Viral Screenshot: 'There Is No Joy In Stockville'See more from Benzinga * Mike Khouw Sees Unusual Options Activity In Tesla * 'Fast Money' Traders Weigh In On AT&T, Tesla And Twitter * Cramer Shares His Thoughts On Procter & Gamble, Virgin Galactic And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.