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In a challenging market environment, Xerox Corporation’s stock (NASDAQ:XRX) has recorded a new 52-week low, touching down at $6.6. According to InvestingPro data, the company maintains a substantial 7.54% dividend yield and generates annual revenue of $6.22 billion, despite its relatively modest market capitalization of $829 million. This latest price level reflects a significant downturn for the company, which has seen its stock value plummet by 65.32% over the past year. The decline underscores the difficulties Xerox faces as it navigates through industry headwinds and shifts in consumer demand. With a beta of 1.61 indicating higher volatility than the market, investors are closely monitoring the company’s strategic initiatives and potential for recovery. InvestingPro analysis suggests the stock is currently undervalued, with analyst price targets ranging from $7 to $14.91, and technical indicators showing oversold conditions. For deeper insights, investors can access 13 additional ProTips and comprehensive valuation metrics through InvestingPro’s detailed research report.
In other recent news, Xerox Holdings Corporation reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $0.36, significantly below the projected $0.67. Revenue for the quarter also missed forecasts, coming in at $1.61 billion compared to the expected $1.69 billion. Despite these challenges, Xerox declared quarterly dividends for both common and preferred stock, with $0.125 per share for common stock and $20.00 per share for preferred stock. The company continues to focus on its reinvention strategy, aiming for low single-digit revenue growth in 2025. Strategic initiatives include the acquisition of Lexmark, expected to enhance revenue stabilization and improve operating income margins. Analyst insights from firms like Loop Capital and JPMorgan reflect ongoing interest in Xerox’s strategic shifts and financial outlook.
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