Company Performance - Xerox Holdings Corporation (XRX) closed at $16.21, reflecting a -0.98% change from the previous day, underperforming the S&P 500's gain of 0.03% [1] - The stock has decreased by 0.61% over the past month, compared to the Industrial Products sector's gain of 0.39% and the S&P 500's loss of 0.9% [1] - The upcoming earnings per share (EPS) is projected to be $0.37, indicating a 24.49% decrease year-over-year, with revenue expected at $1.58 billion, an 8.01% decline from the same quarter last year [1] Full Year Estimates - For the full year, the Zacks Consensus Estimates project an EPS of $2.27 and revenue of $6.56 billion, showing changes of +24.73% and -4.79% respectively from the previous year [2] Analyst Estimates and Valuation - Recent changes in analyst estimates for Xerox Holdings Corporation reflect near-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [2] - The Zacks Rank system currently rates Xerox Holdings Corporation at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [3] - The company's Forward P/E ratio is 7.2, aligning with the industry's average Forward P/E of 7.2 [3] Industry Context - The Office Supplies industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 103, placing it in the top 41% of over 250 industries [3]

Xerox Holdings Corporation (XRX) shares have had an impressive run over the past year, gaining 21%.Xerox yesterday revealed its plan to shift operations in Peru and Ecuador to Productive Business Solutions (PBS), a longstanding partner of the company. The financial terms of the deal have been kept under wraps.As part of the deal, Xerox's staff in Peru and Ecuador will transition to PBS, which will then serve as the exclusive distribution partner for Xerox in these regions. The transaction is anticipated to ...

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (“Xerox Holdings”) today announced the consideration payable in connection with the previously announced cash tender offers for the 2024 Notes and 2025 Notes (each as defined below). The table below sets forth the Total Consideration (as defined below) for each series of Notes. Title of Security CUSIP Number Principal Amount Outstanding U.S. Treasury Reference Security Bloomberg Reference Page Fixed Spread Early T ...

Core Viewpoint - Xerox Holdings Corporation has announced early tender results for cash tender offers for its 2024 and 2025 senior notes, indicating a proactive approach to managing its debt obligations and optimizing its capital structure [1][2]. Tender Offers Overview - The tender offers include the purchase of up to $362 million of 5.000% senior notes due 2025 and all of the 3.800% senior notes due 2024 [2]. - The tender offers are governed by the terms outlined in the Offer to Purchase dated March 4, 2024, with amendments made on March 5, 2024 [1][2]. Early Tender Results - As of the early tender date of March 15, 2024, a total of $82,842,000 of the 2024 Notes and $544,166,000 of the 2025 Notes were validly tendered [3][4]. - The company will accept $362 million of the 2025 Notes on a pro rata basis due to the maximum tender cap being exceeded, with a proration factor of approximately 66.608% [5]. Settlement Information - The company plans to make payments for the validly tendered notes accepted for purchase on March 20, 2024, designated as the Early Settlement Date [4]. Company Background - Xerox has over 100 years of experience in redefining workplace technology, focusing on office and production print technology, and expanding into software and services to support hybrid workplaces [7][8].

Xerox Holdings Corporation (XRX) has had an impressive run over the past year, gaining 11.7%.The company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 64.8%. Its bottom line is benefiting from "Project Own It," an enterprise-wide transformation initiative aimed at increasing productivity and operational efficiency, reducing costs, as well as realigning the business to changing market conditions."Project Own It” is contributing significantly ...

Core Insights - Xerox Holdings Corporation has announced a transformation of its operating model in Argentina and Chile by selling its operations in these regions to Grupo Datco, a technology and fiber optic network services provider in Latin America [1][2] - This transition is part of Xerox's ongoing Reinvention strategy, aimed at enhancing client support and accelerating growth through partnerships [1] - Grupo Datco will operate as an independent entity, servicing Xerox devices in Argentina and Chile and becoming the exclusive partner for Xerox in these markets [1][2] Company Strategy - The sale aligns with Xerox's commitment to helping clients achieve their goals and enhancing productivity through a partner-led model [1] - John Bruno, president and COO of Xerox, emphasized the importance of partnerships in driving growth and success for clients [1] - Grupo Datco's CEO highlighted the potential for new growth opportunities and a long-term business plan focused on preserving the workforce and leveraging synergies [2] Market Position - Grupo Datco has a successful track record with acquired companies and aims to increase market share for Xerox's products and services in Argentina and Chile [2] - Xerox has a well-established partner-led business model and will maintain its brand presence in the region through its network of partners [1]

Core Viewpoint - Xerox Holdings Corporation has successfully closed a private placement of $350 million in 3.75% Convertible Senior Notes due 2030, with an option for initial purchasers to buy an additional $50 million [1][2] Group 1: Financial Details - The net proceeds from the offering will be used to fund capped call transactions, refinance existing senior notes, repay other outstanding debts, cover related fees, and for general corporate purposes [2] - The Notes are convertible into cash and shares of common stock, with an initial conversion rate of 47.9904 shares per $1,000 principal amount, equating to a conversion price of approximately $20.84 per share, representing a 25% premium over the closing price of $16.67 on March 6, 2024 [3] - The Notes will mature on March 15, 2030, and can be redeemed by the Company starting September 20, 2027, under certain conditions [4] Group 2: Capped Call Transactions - The Company has entered into capped call transactions to mitigate potential dilution of its common stock upon conversion of the Notes, with a cap price of approximately $28.34 per share, a 70% premium over the last reported sale price [5] Group 3: Regulatory and Offering Details - The Notes and related guarantees are offered only to qualified institutional buyers under Rule 144A, and they have not been registered under the Securities Act [6] - This announcement does not constitute an offer to sell or solicit offers to buy the Notes or any other securities [7] Group 4: Company Overview - Xerox has over 100 years of experience in redefining workplace technology, focusing on office and production print technology, and expanding into software and services to support hybrid workplaces [8]

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (the “Company” or “Xerox”) announced today the pricing of $350,000,000 aggregate principal amount of 3.75% Convertible Senior Notes due 2030 (the “Notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The size of the offering was increased by $50 million subsequent to the initial announcement of the offering. The Company also granted the initial ...

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) announced today that it has priced an offering of $500 million aggregate principal amount of 8.875% Senior Notes due 2029 (“Notes”). The Notes will be issued at a price of 100% of their principal amount. The size of the offering was increased by $100 million subsequent to the initial announcement of the offering. The Company intends to use the net proceeds from the sale of the Notes to (i) refinance all of its outstan ...

NORWALK, Conn.--(BUSINESS WIRE)--Xerox Holdings Corporation (NASDAQ: XRX) today announced that it has increased the maximum principal amount of its $750 million aggregate principal amount outstanding of 5.000% Senior Notes due 2025 (the “2025 Notes”) that it can repurchase under its previously announced cash tender offer for the 2025 Notes (the “2025 Notes Tender Offer”) from $94 million to $362 million, on the terms and subject to the conditions set forth in the related Offer to Purchase dated March 4, 202 ...