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In a challenging market environment, Xerox Corporation (NASDAQ:XRX)’s stock has touched a 52-week low, dipping to $6.07. According to InvestingPro data, the company maintains a notable 8.2% dividend yield and has consistently paid dividends for 19 consecutive years, despite its current market capitalization of $770 million. The iconic company, known for its printing and digital document products, has faced significant headwinds, reflected in the stock’s performance over the past year. Investors have witnessed a stark decrease in value, with Xerox Corp ’s shares plummeting by -63.68% over the one-year period. This decline has brought the stock to a price level that the company has not seen in the past year, marking a concerning milestone for shareholders and the company alike. While analysts project profitability for the upcoming year, the stock currently trades at 0.71 times book value. The current market conditions and internal company factors contributing to this low are being closely scrutinized by market analysts and investors. InvestingPro analysis reveals 13 additional key insights about Xerox’s current position and future prospects.
In other recent news, Xerox Holdings Corporation reported disappointing financial results for the fourth quarter of 2024, missing both earnings per share (EPS) and revenue expectations. The company posted an EPS of $0.36, falling short of the anticipated $0.67, while revenue came in at $1.61 billion, below the forecasted $1.69 billion. Despite these setbacks, Xerox declared quarterly dividends of $0.125 per share for common stock and $20.00 per share for its Series A Convertible Perpetual Preferred Stock. Analysts from firms like Loop Capital and JPMorgan have expressed concerns over Xerox’s financial performance and future growth prospects. The company is projecting low single-digit revenue growth in 2025, with strategic initiatives focusing on IT solutions and digital services. Additionally, Xerox is proceeding with its acquisition of Lexmark, which it expects to help stabilize revenue and improve operating margins. The company also reported achieving $200 million in cost savings through its ongoing reinvention initiatives.
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