Sidoti Has Pessimistic Opinion of Pitney Bowes Q3 Earnings

Key Points

• Sidoti lowered Pitney Bowes’ Q3 2027 EPS estimate to $0.41 from $0.46, while forecasting Q4 EPS of $0.44. The company’s latest quarterly EPS of $0.42 exceeded consensus of $0.36, although revenue slightly missed estimates and declined year over year.
• Analyst sentiment remains cautious: Pitney Bowes has a consensus “Hold” rating from MarketBeat, with three Buy ratings and four Holds, and an average price target of $18.45.
• The company sharply increased its dividend to $0.10 per quarter from $0.01, implying a 2.5% yield, but insiders—including CEO Kurt Wolf—have recently sold substantial amounts of stock.

Pitney Bowes Inc. (NYSE:PBI - Free Report) - Analysts at Sidoti cut their Q3 2027 earnings estimates for shares of Pitney Bowes in a research report issued on Friday, October 30th. Sidoti analyst A. Lebiedzinski now expects that the technology company will earn $0.41 per share for the quarter, down from their previous estimate of $0.46. The consensus estimate for Pitney Bowes' current full-year earnings is $1.67 per share. Sidoti also issued estimates for Pitney Bowes' Q4 2027 earnings at $0.44 EPS.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. The business had revenue of $456.18 million during the quarter, compared to analyst estimates of $458.24 million. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.30%. Pitney Bowes's revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS.

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

Other equities analysts have also issued reports about the stock. Truist Financial boosted their price objective on shares of Pitney Bowes from $15.00 to $18.00 and gave the stock a "hold" rating in a report on Friday, July 31st. Zacks Research downgraded Pitney Bowes from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 2nd. Wall Street Zen downgraded Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Citizens Jmp lifted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a "market outperform" rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $17.30 price target on shares of Pitney Bowes in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Pitney Bowes currently has a consensus rating of "Hold" and an average target price of $18.45.

Pitney Bowes Stock Performance

Shares of NYSE PBI opened at $16.15 on Tuesday. The firm's 50 day moving average price is $16.93 and its 200-day moving average price is $14.83. Pitney Bowes has a 52-week low of $8.95 and a 52-week high of $19.07. The company has a market cap of $2.21 billion, a PE ratio of 9.85, a P/E/G ratio of 0.70 and a beta of 1.66.

Pitney Bowes Increases Dividend

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

Insider Buying and Selling

In other Pitney Bowes news, EVP Todd A. Everett sold 10,000 shares of the business's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $16.89, for a total transaction of $168,900.00. Following the completion of the sale, the executive vice president directly owned 86,048 shares in the company, valued at approximately $1,453,350.72. The trade was a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kurt Wolf sold 150,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $16.23, for a total value of $2,434,500.00. Following the transaction, the chief executive officer directly owned 73,184 shares in the company, valued at $1,187,776.32. The trade was a 67.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 608,092 shares of company stock worth $10,215,751. 6.50% of the stock is owned by insiders.

Institutional Trading of Pitney Bowes

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in Pitney Bowes by 824.5% in the 2nd quarter. Hsbc Holdings PLC now owns 1,587,274 shares of the technology company's stock worth $27,762,000 after purchasing an additional 1,415,590 shares during the period. Man Group plc purchased a new position in Pitney Bowes during the second quarter valued at $6,659,000. The Manufacturers Life Insurance Company bought a new stake in Pitney Bowes during the second quarter valued at about $1,293,000. Bank of New York Mellon Corp bought a new stake in Pitney Bowes during the second quarter valued at about $28,683,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Pitney Bowes by 20.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 468,595 shares of the technology company's stock worth $8,210,000 after buying an additional 79,226 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

Key Headlines Impacting Pitney Bowes

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

• Positive Sentiment: Dividend increase supports income appeal. Pitney Bowes announced a quarterly dividend of $0.10 per share, up from $0.01, implying an annualized dividend of $0.40 and a yield of approximately 2.5%. The higher payout may provide support for the stock among income-focused investors. Insider Selling: Pitney Bowes CEO Sells Shares
• Positive Sentiment: Sidoti raised its Q4 2027 EPS forecast. The analyst increased its estimate to $0.44 from $0.42, suggesting some confidence in earnings performance later in the forecast period. Pitney Bowes also recently exceeded quarterly EPS expectations, reporting $0.42 versus the $0.36 consensus estimate.
• Neutral Sentiment: Analyst outlook is mixed. Sidoti lowered its Q3 2027 EPS estimate to $0.41 from $0.46 but raised its Q4 estimate to $0.44. The firm’s current-year consensus remains $1.67 per share, leaving the overall earnings outlook largely unchanged. Sidoti Issues Negative Estimate for Pitney Bowes Earnings
• Negative Sentiment: CEO Kurt Wolf sold a substantial portion of his holdings. Wolf sold 150,000 shares for about $2.43 million on November 2 and 51,517 shares for roughly $899,000 on October 29. The transactions reduced his direct ownership by approximately 67% and 37%, respectively, which may raise concerns about insider confidence even though insider sales can reflect personal financial planning. Pitney Bowes CEO Sells 150,000 Shares

About Pitney Bowes

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.

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