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) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.200-1.400 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PBI. Sidoti upgraded Pitney Bowes to a "hold" rating in a research report on Monday, May 5th. Wall Street Zen lowered Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 15th.

Pitney Bowes Price Performance

Shares of NYSE PBI traded down $0.07 during mid-day trading on Friday, reaching $11.30. The company's stock had a trading volume of 2,503,909 shares, compared to its average volume of 2,489,727. The firm has a market capitalization of $2.07 billion, a PE ratio of -18.84, a P/E/G ratio of 0.61 and a beta of 1.60. The stock has a fifty day moving average of $10.99 and a two-hundred day moving average of $9.70. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $0.27 EPS for the quarter, hitting analysts' consensus estimates of $0.27. Pitney Bowes had a negative return on equity of 37.88% and a negative net margin of 5.60%. The company had revenue of $461.91 million for the quarter, compared to the consensus estimate of $475.92 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. Analysts anticipate that Pitney Bowes will post 1.21 EPS for the current fiscal year.

Pitney Bowes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Stockholders of record on Monday, August 11th will be issued a $0.08 dividend. The ex-dividend date is Monday, August 11th. This is a positive change from Pitney Bowes's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.8%. Pitney Bowes's dividend payout ratio (DPR) is currently -30.77%.

Pitney Bowes announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 30th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 18.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling 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 stock was sold at an average price of $12.14, for a total value of $424,900.00. Following the transaction, the executive vice president owned 115,405 shares of the company's stock, valued at $1,401,016.70. This represents a 23.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.00% of the company's stock.

Institutional Trading of Pitney Bowes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Pitney Bowes by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 97,424 shares of the technology company's stock worth $882,000 after purchasing an additional 5,149 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Pitney Bowes in the 1st quarter worth $96,000. Intech Investment Management LLC boosted its position in shares of Pitney Bowes by 15.5% in the 1st quarter. Intech Investment Management LLC now owns 195,309 shares of the technology company's stock worth $1,768,000 after purchasing an additional 26,260 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Pitney Bowes by 133.1% in the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Pitney Bowes by 18.2% in the 1st 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 purchasing an additional 72,437 shares in the last quarter. Institutional investors own 67.88% of the company's stock.

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.