NYSE:PBI - Get Free Report ) announced its quarterly earnings results on Thursday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.03, Briefing.com reports. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $797.00 million. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The company's revenue was down .4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.01) EPS.
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Pitney Bowes Stock Performance Shares of NYSE PBI traded up $0.02 during midday trading on Friday, hitting $5.27. 3,468,087 shares of the company traded hands, compared to its average volume of 1,580,257. Pitney Bowes has a 12-month low of $2.80 and a 12-month high of $5.51. The firm has a market cap of $936.32 million, a P/E ratio of -2.43, a P/E/G ratio of 35.00 and a beta of 2.14. The stock has a 50-day moving average price of $4.18 and a 200 day moving average price of $4.08.
Pitney Bowes Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be given a $0.05 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.80%. Pitney Bowes's dividend payout ratio is -9.22%.
Wall Street Analysts Forecast Growth Separately, StockNews.com upgraded Pitney Bowes from a "hold" rating to a "buy" rating in a report on Friday.
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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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