Xerox Holdings Corporation (NYSE:XRX) has a beta value of 1.6 and has seen 1,848,468 shares traded in the recent trading session. The company, currently valued at $3.4 Billion, closed the recent trade at $16.01 per share which meant it gained $0.1 on the day or 0.76% during that session. The XRX stock price is -146.53% off its 52-week high price of $39.47 and 11.18% above the 52-week low of $14.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.54 Million shares traded. The 3-month trading volume is 3.89 Million shares.
The consensus among analysts is that Xerox Holdings Corporation (XRX) is a Hold stock at the moment, with a recommendation rating of 3.1. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 5 out of 8 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.03.
Xerox Holdings Corporation (NYSE:XRX) trade information
Sporting 1.07% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jul 13 when the XRX stock price touched $16.34- or saw a rise of 2.39%. Year-to-date, Xerox Holdings Corporation shares have moved -56.74%, while the 5-day performance has seen it change 5.42%. Over the past 30 days, the shares of Xerox Holdings Corporation (NYSE:XRX) have changed -6.51%. Short interest in the company has seen 6.68 Million shares shorted with days to cover at 1.72.
Xerox Holdings Corporation (XRX) estimates and forecasts
Figures show that Xerox Holdings Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -56.78% over the past 6 months, with this year growth rate of -47.04%, compared to -36.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -103% and -70.4% for the next quarter. Revenue growth from the last financial year stood is estimated to be -19.8%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.52 Billion for the current quarter. 4 have an estimated revenue figure of $1.76 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $2.29 Billion and $2.2 Billion respectively for this quarter and the next, and analysts expect sales will grow by -33.5% for the current quarter and -20.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.6% over the past 5 years. Earnings growth for 2020 is a modest +69.7% while over the next 5 years, the company’s earnings are expected to increase by -0.66%.
Xerox Holdings Corporation is expected to release its next earnings report between July 28 and August 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1 at a share yield of 6.31%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.35%.
Xerox Holdings Corporation (NYSE:XRX)’s Major holders
Insiders own 4.39% of the company shares, while shares held by institutions stand at 89.19% with a share float percentage of 93.29%. Investors are also buoyed by the number of investors in a company, with Xerox Holdings Corporation having a total of 718 institutions that hold shares in the company. The top two institutional holders are Icahn, Carl, C. with over 23.46 Million shares worth more than $444.26 Million. As of March 30, 2020, Icahn, Carl, C. held 11.02% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 22.23 Million shares as of March 30, 2020. The firm’s total holdings are worth over $421.12 Million and represent 10.44% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 2.53% shares in the company for having 5377204 shares of worth $101.84 Million while later fund manager owns 4.74 Million shares of worth $89.83 Million as of March 30, 2020, which makes it owner of about 2.23% of company’s outstanding stock.