Sidoti Brokers Reduce Earnings Estimates for Pitney Bowes

Key Points

• Sidoti lowered Pitney Bowes’ Q1 2027 EPS estimate to $0.45 from $0.48, while forecasting full-year 2027 EPS of $1.75 and 2028 EPS of $2.00.
• Pitney Bowes recently reported quarterly EPS of $0.42, beating the $0.36 analyst consensus, although revenue of $456.18 million fell slightly short of expectations and declined year over year.
• Analyst sentiment remains mixed, with a consensus rating of Hold and an average price target of $18.45; the company also raised its quarterly dividend to $0.10 per share from $0.01.

Pitney Bowes Inc. (NYSE:PBI - Free Report) - Research analysts at Sidoti reduced their Q1 2027 EPS estimates for Pitney Bowes in a research note issued to investors on Friday, October 30th. Sidoti analyst A. Lebiedzinski now expects that the technology company will post earnings of $0.45 per share for the quarter, down from their prior estimate of $0.48. The consensus estimate for Pitney Bowes' current full-year earnings is $1.67 per share. Sidoti also issued estimates for Pitney Bowes' Q2 2027 earnings at $0.45 EPS, FY2027 earnings at $1.75 EPS, Q1 2028 earnings at $0.47 EPS, Q2 2028 earnings at $0.51 EPS, Q3 2028 earnings at $0.48 EPS and FY2028 earnings at $2.00 EPS.

Several other brokerages have also issued reports on PBI. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Truist Financial increased their target price on Pitney Bowes from $15.00 to $18.00 and gave the company a "hold" rating in a research report on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of Pitney Bowes in a research note on Friday, July 31st. Weiss Ratings cut Pitney Bowes from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, October 27th. Finally, Citizens Jmp boosted their price objective on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.45.

• Pitney Bowes NYSE: PBI is Surging, Is it Too Risky?

Pitney Bowes Price Performance

PBI stock opened at $16.31 on Monday. The company's 50-day moving average is $16.94 and its 200-day moving average is $14.81. Pitney Bowes has a 1 year low of $8.95 and a 1 year high of $19.07. The stock has a market capitalization of $2.21 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.74.

Pitney Bowes (NYSE:PBI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. The company had revenue of $456.18 million for the quarter, compared to analysts' expectations of $458.24 million. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.45%. The business's quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share.

Pitney Bowes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 16th. This is a positive change from Pitney Bowes's previous quarterly dividend of $0.01. Pitney Bowes's dividend payout ratio is 31.01%.

Insider Activity at Pitney Bowes

In related news, CEO Kurt Wolf sold 150,000 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $16.16, for a total value of $2,424,000.00. Following the completion of the sale, the chief executive officer owned 91,321 shares in the company, valued at $1,475,747.36. The trade was a 62.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah Pfeiffer sold 20,000 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total value of $342,200.00. Following the completion of the transaction, the executive vice president directly owned 79,223 shares in the company, valued at approximately $1,355,505.53. This represents a 20.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 406,575 shares of company stock worth $6,882,279 in the last ninety days. 6.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pitney Bowes

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Pitney Bowes during the second quarter worth approximately $46,000. Nykredit A S acquired a new stake in Pitney Bowes in the second quarter worth $46,000. Plato Investment Management Ltd bought a new stake in Pitney Bowes during the second quarter worth about $55,000. IFP Advisors Inc increased its position in Pitney Bowes by 5,373.7% during the second quarter. IFP Advisors Inc now owns 3,120 shares of the technology company's stock worth $55,000 after acquiring an additional 3,063 shares during the period. Finally, KBC Group NV increased its holdings in shares of Pitney Bowes by 76.6% during the first quarter. KBC Group NV now owns 8,013 shares of the technology company's stock worth $89,000 after buying an additional 3,475 shares in the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q3 earnings beat expectations. Pitney Bowes reported adjusted earnings of $0.42 per share, above the $0.36 consensus estimate and up from $0.31 a year earlier. Pitney Bowes Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Dividend increased sharply. The company declared a quarterly dividend of $0.10 per share, or $0.40 annualized, compared with the previous $0.01 quarterly payout. The dividend yield is approximately 2.4%, supporting the stock’s income appeal. Pitney Bowes Approves Quarterly Dividend
• Positive Sentiment: Revenue outlook was maintained or improved relative to expectations. FY 2026 revenue guidance of $1.8 billion to $1.9 billion has a midpoint above the current $1.8 billion consensus estimate, suggesting continued operating momentum despite business-mix challenges. Pitney Bowes Updates FY 2026 Guidance
• Neutral Sentiment: Sidoti raised its estimates for second-quarter and third-quarter FY 2027 EPS to $0.44 and $0.46, respectively, but the changes were mixed across the forecast period.
• Negative Sentiment: FY 2026 EPS guidance fell below expectations. Pitney Bowes now expects EPS of $1.58 to $1.67, versus the $1.68 consensus estimate. The midpoint of $1.625 implies modest downside to analyst expectations. Pitney Bowes Lifts Guidance
• Negative Sentiment: Analyst estimates were reduced. Sidoti cut its FY 2026 EPS forecast to $1.66 from $1.70 and lowered its Q4 2026 forecast to $0.34 from $0.44. Sidoti also reduced its Q4 2027 estimate to $0.42 from $0.49.
• Negative Sentiment: SendTech faces a projected revenue headwind. Management indicated that SendTech revenue could face a $60 million to $80 million headwind in 2027, raising concerns about near-term growth and profit momentum. Pitney Bowes Signals SendTech Revenue Headwind

Pitney Bowes Company Profile

Pitney Bowes Inc NYSE: PBI is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.