Pitney Bowes (NYSE:PBI) Updates FY 2025 Earnings Guidance

Key Points

• Pitney Bowes has set its FY 2025 earnings guidance with an EPS range of 1.200-1.400, slightly below the consensus estimate of 1.245, while revenue guidance is projected between $1.9 billion and $2.0 billion, matching consensus estimates.
• The company's quarterly dividend increased from $0.06 to $0.07 per share, resulting in an annualized yield of 2.46%.
• Recent insider trading activity saw EVP Deborah Pfeiffer sell 35,000 shares at an average price of $12.14, marking a significant decrease in her position.

Pitney Bowes (NYSE:PBI - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.200-1.400 for the period, compared to the consensus EPS estimate of 1.245. The company issued revenue guidance of $1.9 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.

Pitney Bowes Price Performance

Pitney Bowes stock traded down $0.09 during mid-day trading on Friday, reaching $11.27. 3,924,456 shares of the company traded hands, compared to its average volume of 3,243,312. The firm's 50 day moving average price is $11.01 and its 200 day moving average price is $9.75. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -18.78, a P/E/G ratio of 0.58 and a beta of 1.54. Pitney Bowes has a 52-week low of $5.58 and a 52-week high of $13.11.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.27. The business had revenue of $461.91 million for the quarter, compared to the consensus estimate of $475.92 million. Pitney Bowes had a negative net margin of 5.60% and a negative return on equity of 38.01%. The company's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. On average, sell-side analysts anticipate that Pitney Bowes will post 1.21 EPS for the current year.

Pitney Bowes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 11th will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Pitney Bowes's previous quarterly dividend of $0.07. Pitney Bowes's payout ratio is currently -46.67%.

Pitney Bowes announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 30th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the technology company to purchase up to 18.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PBI shares. Wall Street Zen downgraded shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 15th. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a research note on Monday, May 5th.

Insider Transactions at Pitney Bowes

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $12.14, for a total value of $424,900.00. Following the completion of the sale, the executive vice president directly owned 115,405 shares of the company's stock, valued at approximately $1,401,016.70. This represents a 23.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 9.00% of the company's stock.

Institutional Investors Weigh In On Pitney Bowes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its holdings in Pitney Bowes by 15.5% during the 1st quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company's stock valued at $1,768,000 after buying an additional 26,260 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Pitney Bowes by 18.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 470,488 shares of the technology company's stock worth $4,258,000 after buying an additional 72,437 shares during the last quarter. United Services Automobile Association bought a new stake in Pitney Bowes in the first quarter worth $96,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Pitney Bowes by 5.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company's stock worth $882,000 after buying an additional 5,149 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Pitney Bowes by 133.1% during the first quarter. Royal Bank of Canada now owns 52,958 shares of the technology company's stock worth $478,000 after purchasing an additional 30,238 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

About Pitney Bowes

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.