Pitney Bowes' (PBI) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings reiterated a "sell (D)" rating for Pitney Bowes (PBI), continuing the trend of low ratings with one analyst rating it as a Hold and another as Sell.
• Pitney Bowes recently reported a negative net margin of 5.60% and a revenue decline of 5.7% year-over-year, highlighting ongoing financial challenges.
• The company announced a $400 million share repurchase plan, which indicates that the board believes its stock is currently undervalued.

Pitney Bowes (NYSE:PBI - Get Free Report)'s stock had its "sell (d)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Pitney Bowes presently has an average rating of "Reduce".

Pitney Bowes Price Performance

Shares of PBI stock opened at $11.15 on Wednesday. The firm's 50-day moving average is $11.58 and its two-hundred day moving average is $10.49. Pitney Bowes has a 12 month low of $6.66 and a 12 month high of $13.11. The company has a market capitalization of $1.92 billion, a PE ratio of -18.58, a price-to-earnings-growth ratio of 0.56 and a beta of 1.27.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued 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 net margin of 5.60% and a negative return on equity of 38.01%. 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 firm earned $0.03 earnings per share. Pitney Bowes's quarterly revenue was down 5.7% compared to the same quarter last year. Pitney Bowes has set its FY 2025 guidance at 1.200-1.400 EPS. Sell-side analysts forecast that Pitney Bowes will post 1.21 EPS for the current year.

Pitney Bowes declared that its Board of Directors has authorized a share repurchase plan on Wednesday, July 30th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the technology company to buy up to 18.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes 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 transaction, the executive vice president owned 115,405 shares in the company, valued at $1,401,016.70. The trade was a 23.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brent D. Rosenthal purchased 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was purchased at an average price of $11.97 per share, with a total value of $35,910.00. Following the purchase, the director directly owned 3,000 shares of the company's stock, valued at $35,910. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.00% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Pitney Bowes by 41.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock worth $38,000 after buying an additional 1,015 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Pitney Bowes by 0.5% during the 2nd quarter. New York State Teachers Retirement System now owns 257,827 shares of the technology company's stock worth $2,813,000 after buying an additional 1,246 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Pitney Bowes by 12.5% during the 2nd quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company's stock worth $144,000 after buying an additional 1,459 shares during the last quarter. PFG Investments LLC lifted its position in shares of Pitney Bowes by 14.6% during the 1st quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock worth $117,000 after buying an additional 1,644 shares during the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Pitney Bowes by 5.1% during the 2nd quarter. ProShare Advisors LLC now owns 40,506 shares of the technology company's stock worth $442,000 after buying an additional 1,974 shares during the last quarter. Hedge funds and other institutional investors own 67.88% of the company's stock.

Pitney Bowes Company Profile

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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