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In a challenging market environment, Xerox Corporation (NASDAQ:XRX)’s stock has touched a 52-week low, dipping to $5.54, with InvestingPro analysis indicating the stock is currently trading below its Fair Value. The iconic company, known for its printing and digital document products, has faced significant headwinds, reflected in the substantial 1-year decline of -63.95%. Despite these challenges, the company maintains an impressive 8.87% dividend yield and has sustained dividend payments for 19 consecutive years. This downturn highlights the pressures Xerox is facing in a rapidly evolving industry where digital transformation and environmental concerns are reshaping the demand for traditional printing services. Investors are closely monitoring the company’s strategic initiatives to adapt to these changes and revitalize its growth trajectory. While analysts forecast a return to profitability this year, deeper insights into Xerox’s potential turnaround story are available through InvestingPro’s comprehensive research report, which includes 12 additional exclusive ProTips and detailed financial analysis.
In other recent news, Xerox Holdings Corporation reported its fourth-quarter 2024 earnings, which revealed a significant miss in both earnings per share (EPS) and revenue compared to analyst forecasts. The company’s EPS for the quarter was $0.36, falling short of the expected $0.67, while revenue came in at $1.61 billion against the forecasted $1.69 billion. Despite these setbacks, Xerox announced the declaration of its quarterly dividends for both common and preferred stock. The board of directors decided on a dividend of $0.125 per share on its common stock and $20.00 per share for its Series A Convertible Perpetual Preferred Stock.
In terms of strategic moves, Xerox aims for low single-digit revenue growth in 2025, with a focus on expanding its IT solutions and digital services. The company has also announced the acquisition of Lexmark, which is expected to strengthen its core print business and diversify its revenue mix. Additionally, Xerox achieved $200 million in cost savings through its reinvention initiatives in 2024. Analyst firms have not provided an upgrade or downgrade for Xerox, but the company’s ongoing reinvention strategy and acquisition plans are notable developments for investors to watch.
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