Xerox gains 0.81%, closes at $17.42 ahead of the quarterly earnings report set for today

Published: January 26 2023, 05:26 GMT+0

Xerox gains 0.81%, closes at $17.42 ahead of the quarterly earnings report set for today

A quick look at yesterday: after ending Tuesday at $17.28, Xerox Holdings Corporation went up to $17.56 only to drop back, yet still traded well overall and closed at $17.42 yesterday.

  • Daily trading volume (1.77 million shares) was higher than the current multiday average of 1.26 million.
  • Xerox's board sets quarterly dividend of 25 cents per share to be paid on Tuesday, January 31st; annual dividend yield esimated at 5.74%.

Xerox is scheduled to announce earnings results today. The consensus EPS estimate is 0.54 and the consensus revenue estimate is $1.89 billion.

This year has been a bright one for the print and digital document giant after trading as low as $13.08 and going on to appreciate by 14.51% year to date. Xerox's market cap is currently $2.71 billion with an average daily volume of 1.26 million shares.

Just recently, Xerox's board disclosed a quarterly dividend of 25 cents per share to be paid on Tuesday, January 31st for all shareholders of record up until Saturday, December 31st. Based on current prices, the company's decision thereby provides Xerox investors with an annual dividend yield of 5.74%.

This rally in Xerox's share price coincided with other technology stocks as ASML Holding gained 1.72%, as it traded at $681.53.

Xerox went up yesterday, yet these technology stocks did not follow — TSM stumbles 2.27% yesterday to close at $94.56. Texas Instruments went down 1.13%, closed at $177.04.

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