Date | Price Target | Rating | Analyst |
---|---|---|---|
6/28/2024 | $11.00 | Sell | Citigroup |
8/17/2022 | $14.00 | Underperform | Credit Suisse |
9/23/2021 | $17.00 | Underweight | Morgan Stanley |
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
4 - Xerox Holdings Corp (0001770450) (Issuer)
Collaboration aims to deliver advanced digital embellishment capabilities to clients Xerox Holdings Corporation (NASDAQ:XRX) and Taktiful Software Solutions today announced the intent to form a new strategic partnership to extend their presence in the digital embellishment market. This new alliance will build upon a foundation of successful collaboration, leveraging Xerox industry-leading digital printing technology and expansive market reach alongside Taktiful's AI-powered digital embellishment solutions and focus on client-specific empowerment. It will mark a significant step forward in delivering extraordinary production print enhancement capabilities and maximizing business developmen
Xerox Holdings Corporation (NASDAQ:XRX) today announced the election of six new members to the Company's Board of Directors at its Annual Meeting of Shareholders. The new members bring deep technology, product, and operations expertise to further Xerox's Reinvention objective of becoming a services-led, software-enabled organization positioned for sustainable, long-term growth. The newly elected Directors are as follows: John Bruno, President and Chief Operating Officer, Xerox Tami Erwin, former Executive Vice President and Group CEO, Verizon Business Group Priscilla Hung, former President & Chief Operating Officer, Guidewire Software Edward McLaughlin, President & Chief Techn
Xerox Holdings Corporation (NASDAQ:XRX) today announced the appointment of John Bruno as President and Chief Operating Officer. Bruno joins the team following Steven Bandrowczak's promotion to Chief Executive Officer earlier this year. In this role, John will partner closely with the CEO and leadership team to shape the company's global strategy and will be accountable for operating model advancements to improve company performance. He will also oversee global offerings, service delivery, marketing, manufacturing, supply chain, procurement, information technology, and Xerox's IT services business unit. "John brings decades of business, technology, and operations leadership experience at Fo
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on October 31, 2024, to shareholders of record on September 30, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on October 1, 2024 to shareholders of record on September 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and produ
Reinvention drives sequential operating and financial improvements in Q2; Company revises full-year outlook, reiterates three-year adjusted operating income improvement target Financial Summary Q2 2024 Revenue of $1.58 billion, down 10 percent, or 9.6 percent in constant currency. GAAP net income of $18 million, or $0.11 per share, up $79 million or $0.52 per share, year-over-year, respectively. Adjusted net income of $41 million, or $0.29 per share, down $31 million or $0.15 per share, year-over-year, respectively. Adjusted operating margin of 5.4 percent, down 70 basis points year-over-year. Operating cash flow of $123 million, up $28 million year-over-year. Free cas
Xerox Holdings Corporation (NASDAQ:XRX) announced today that its board of directors declared a quarterly dividend of $0.25 per share on Xerox Holdings Corporation Common Stock. The dividend is payable on July 31, 2024, to shareholders of record on June 28, 2024. The board also declared a quarterly dividend of $20.00 per share on the outstanding Xerox Holdings Series A Convertible Perpetual Preferred Stock. The dividend is payable on July 1, 2024, to shareholders of record on June 15, 2024. About Xerox Holdings Corporation (NASDAQ:XRX) For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print tec
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
SC 13G - Xerox Holdings Corp (0001770450) (Subject)
SC 13G/A - Xerox Holdings Corp (0001770450) (Subject)
Citigroup initiated coverage of Xerox with a rating of Sell and set a new price target of $11.00
Credit Suisse initiated coverage of Xerox with a rating of Underperform and set a new price target of $14.00
Morgan Stanley initiated coverage of Xerox Holdings with a rating of Underweight and set a new price target of $17.00
Xerox Holdings Corp (NASDAQ: XRX) reported a fiscal second-quarter 2024 sales decline of 10.0% year-on-year to $1.58 billion, missing the analyst consensus estimate of $1.60 billion. The stock dropped after the print on Thursday. Revenues declined 9.6% at constant currency. Adjusted EPS of $0.29 missed the analyst consensus estimate of $0.43. Equipment sales decreased by 15.2%, while post-sale revenue declined by 8.4%. Gross margin declined 100 basis points Y/Y to 33.0%. The equipment margin fell by 70 bps to 34.5%. The post-sale margin decreased by 110 bps to 32.5%. The company reported an adjusted operating income of $85 million, compared to $107 million last year, and the ma
Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:STM), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:TER). Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factori
2024 Guidance Update Revenue: from a decline of 3% to 5% to a decline of 5% to 6% in constant currency Adjusted Operating Margin: from at least 7.5% to at least 6.5% Free cash flow: from at least $600 million to at least $550 million 2024 revenue guidance was lowered to reflect additional reductions in non-strategic revenue, including those associated with incremental Reinvention actions. Adjusted 1 operating income margin guidance was lowered primarily to reflect the reduction in revenue guidance, as well as higher-than-expected freight and product costs. Free cash flow 1 guidance was lowered to reflect lower revenue and adjusted 1 operating income margin guidance. Guidance assume
8-K - Xerox Holdings Corp (0001770450) (Filer)
10-Q - Xerox Holdings Corp (0001770450) (Filer)
8-K - Xerox Holdings Corp (0001770450) (Filer)
Company chief accounting officer Mirlanda Gecaj appointed as successor Xerox today announced that after over 30 years with the company, Xavier Heiss has decided to retire, effective Feb. 1, 2025. Heiss has served as Chief Financial Officer since 2021. "Xavier has been a driving force behind many of the transformative initiatives that have reshaped our company, leading us through critical phases of Reinvention and setting us on a path of sustainable growth," said Steve Bandrowczak, chief executive officer at Xerox. "I want to express my deepest gratitude to Xavier for his exceptional service to Xerox over the past three decades, and I wish him well in retirement next year." Mirlanda Gecaj
Today Xerox announced the Xerox® PrimeLink® C9200 Series color printers at the PRINTING United Expo 2024 in Las Vegas. This entry-level production press combines Xerox high-end production capabilities, a space-saving design, and automated production workflows to help clients and print service providers deliver high-quality output on time and on budget. The Xerox PrimeLink C9265/C9275/C9281 include features that enable more flexibility and customization, adapting to the needs of both production environments and offices. The Color Press series uses a new toner formulation similar to the Xerox® Iridesse® Production Press and a completely redesigned imaging system to provide best-in-class perf
Collaboration aims to deliver advanced digital embellishment capabilities to clients Xerox Holdings Corporation (NASDAQ:XRX) and Taktiful Software Solutions today announced the intent to form a new strategic partnership to extend their presence in the digital embellishment market. This new alliance will build upon a foundation of successful collaboration, leveraging Xerox industry-leading digital printing technology and expansive market reach alongside Taktiful's AI-powered digital embellishment solutions and focus on client-specific empowerment. It will mark a significant step forward in delivering extraordinary production print enhancement capabilities and maximizing business developmen