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Xerox Strengthens Foothold in Multi-Brand Retail Space
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Global Imaging Systems (GIS) – an operating unit of Xerox Corporation (XRX - Free Report) – recently announced the acquisition of MT Business Technologies.
Based in Mansfield, OH, MT Business Technologies is a provider of office equipment, productivity solutions and managed print services to organizations across Ohio and South Eastern Michigan.
This acquisition will help Xerox strengthen its foothold in large metropolitan areas such as Cleveland and Columbus, which offer strong growth potential. The company is poised to enhance and expand its channel reach, majorly in the $20 billion multi-brand reseller space.
Xerox continues to grow globally through acquisitions. On Mar 1, GIS acquired Laser Resources, a Grimes, Iowa-based multi-brand dealer. The acquisition will help strengthen GIS’ presence in the Des Moines and central Iowa markets. This deal will enable the company boost its revenues and offer customers industry-leading technology and innovative services to meet today’s business needs.
The expansion of GIS will enable Xerox boost its revenues in the upcoming quarter. The company remains focused on expanding its presence in the multi brand retail market. Per a market research report by Research and Markets, the global retail market is forecasted to expand at a CAGR of 6.9% over 2013–18 and will be worth $20 trillion in 2018.
However, acquisitions initially put a strain on the company’s profits.
Xerox has underperformed the Zacks categorized Business - Services industry with an average return of 1.7% compared with 3.8% gain for the latter, over of the last 30 days. We expect the company to see better days when these acquisitions start generating positive returns.
InnerWorkings has a long-term earnings growth expectation of 21.7% and is currently trading at a forward P/E of 24.4x.
SPS Commerce has a long-term earnings growth expectation of 22.5% and is currently trading at a forward P/E of 212.6x.
WNS (Holdings) Ltd. has a long-term earnings growth expectation of 14.5% and is currently trading at a forward P/E of 19.7x.
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Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
Image: Bigstock
Xerox Strengthens Foothold in Multi-Brand Retail Space
Global Imaging Systems (GIS) – an operating unit of Xerox Corporation (XRX - Free Report) – recently announced the acquisition of MT Business Technologies.
Based in Mansfield, OH, MT Business Technologies is a provider of office equipment, productivity solutions and managed print services to organizations across Ohio and South Eastern Michigan.
This acquisition will help Xerox strengthen its foothold in large metropolitan areas such as Cleveland and Columbus, which offer strong growth potential. The company is poised to enhance and expand its channel reach, majorly in the $20 billion multi-brand reseller space.
Xerox continues to grow globally through acquisitions. On Mar 1, GIS acquired Laser Resources, a Grimes, Iowa-based multi-brand dealer. The acquisition will help strengthen GIS’ presence in the Des Moines and central Iowa markets. This deal will enable the company boost its revenues and offer customers industry-leading technology and innovative services to meet today’s business needs.
The expansion of GIS will enable Xerox boost its revenues in the upcoming quarter. The company remains focused on expanding its presence in the multi brand retail market. Per a market research report by Research and Markets, the global retail market is forecasted to expand at a CAGR of 6.9% over 2013–18 and will be worth $20 trillion in 2018.
However, acquisitions initially put a strain on the company’s profits.
Xerox has underperformed the Zacks categorized Business - Services industry with an average return of 1.7% compared with 3.8% gain for the latter, over of the last 30 days. We expect the company to see better days when these acquisitions start generating positive returns.
Xerox currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the same industry include InnerWorkings, Inc. , SPS Commerce, Inc. (SPSC - Free Report) and WNS (Holdings) Ltd. (WNS - Free Report) . All three companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
InnerWorkings has a long-term earnings growth expectation of 21.7% and is currently trading at a forward P/E of 24.4x.
SPS Commerce has a long-term earnings growth expectation of 22.5% and is currently trading at a forward P/E of 212.6x.
WNS (Holdings) Ltd. has a long-term earnings growth expectation of 14.5% and is currently trading at a forward P/E of 19.7x.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure.
See these buy recommendations now >>