Pitney Bowes Inc. (NYSE:PBI - Free Report) - Analysts at Sidoti Csr decreased their Q3 2024 earnings per share (EPS) estimates for shares of Pitney Bowes in a report issued on Friday, May 3rd. Sidoti Csr analyst A. Lebiedzinski now anticipates that the technology company will earn $0.01 per share for the quarter, down from their previous estimate of $0.02. The consensus estimate for Pitney Bowes' current full-year earnings is $0.01 per share. Sidoti Csr also issued estimates for Pitney Bowes' Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.14 EPS.
Pitney Bowes (NYSE:PBI - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The business had revenue of $831.00 million during the quarter, compared to analysts' expectations of $797.00 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. Pitney Bowes's revenue was down .4% compared to the same quarter last year.
Separately, StockNews.com upgraded Pitney Bowes from a "hold" rating to a "buy" rating in a research note on Friday.
View Our Latest Research Report on PBI
Pitney Bowes Stock Performance
Shares of NYSE PBI traded up $0.02 during trading hours on Monday, hitting $5.29. 1,406,762 shares of the stock were exchanged, compared to its average volume of 1,492,869. The company's fifty day simple moving average is $4.21 and its two-hundred day simple moving average is $4.09. The company has a market cap of $946.28 million, a PE ratio of -2.44, a price-to-earnings-growth ratio of 35.13 and a beta of 2.14. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $5.51.
Pitney Bowes Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, May 22nd. Pitney Bowes's payout ratio is -9.22%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Invesco Ltd. boosted its stake in shares of Pitney Bowes by 13.3% in the 3rd quarter. Invesco Ltd. now owns 2,732,113 shares of the technology company's stock valued at $8,251,000 after purchasing an additional 321,438 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Pitney Bowes by 164.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,738,793 shares of the technology company's stock valued at $7,651,000 after purchasing an additional 1,082,506 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Pitney Bowes by 301.6% in the 3rd quarter. GSA Capital Partners LLP now owns 378,503 shares of the technology company's stock valued at $1,143,000 after purchasing an additional 284,244 shares during the last quarter. Barclays PLC boosted its stake in shares of Pitney Bowes by 2.8% in the 3rd quarter. Barclays PLC now owns 155,396 shares of the technology company's stock valued at $469,000 after purchasing an additional 4,293 shares during the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in shares of Pitney Bowes by 20.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 16,016 shares of the technology company's stock valued at $70,000 after purchasing an additional 2,753 shares during the last quarter. Institutional investors own 67.88% of the company's stock.
About Pitney Bowes
(
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Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.
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