Q2 Earnings Estimate for Pitney Bowes Issued By Sidoti Csr

Key Points

• Analysts at Sidoti Csr have raised their Q2 2026 earnings estimate for Pitney Bowes to $0.29 per share, slightly above the previous expectation of $0.28.
• Pitney Bowes has declared a quarterly dividend increase to $0.08 per share, which will be paid on September 8th, reflecting a solid 2.8% yield.
• The company authorized a $400 million stock buyback program, indicating that the board believes the stock is currently undervalued.

Pitney Bowes Inc. (NYSE:PBI - Free Report) - Research analysts at Sidoti Csr lifted their Q2 2026 EPS estimates for shares of Pitney Bowes in a research note issued on Monday, August 11th. Sidoti Csr analyst A. Lebiedzinski now expects that the technology company will post earnings of $0.29 per share for the quarter, up from their prior estimate of $0.28. The consensus estimate for Pitney Bowes' current full-year earnings is $1.21 per share.

Pitney Bowes (NYSE:PBI - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.27 earnings per share for the quarter, meeting 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 analysts' expectations of $475.92 million. During the same quarter in the previous year, the company earned $0.03 EPS. Pitney Bowes's revenue for the quarter was down 5.7% on a year-over-year basis.

PBI has been the topic of several other research reports. Sidoti upgraded shares of Pitney Bowes to a "hold" rating in a research note on Monday, May 5th. Wall Street Zen cut shares of Pitney Bowes from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 15th.

Pitney Bowes Trading Up 0.7%

Shares of PBI traded up $0.08 during trading hours on Thursday, reaching $11.29. 2,361,764 shares of the stock traded hands, compared to its average volume of 4,284,728. The company has a market cap of $1.94 billion, a P/E ratio of -18.82, a price-to-earnings-growth ratio of 0.58 and a beta of 1.54. Pitney Bowes has a 52-week low of $6.22 and a 52-week high of $13.11. The company's 50-day moving average price is $11.22 and its two-hundred day moving average price is $9.99.

Institutional Trading of Pitney Bowes

Several hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of Pitney Bowes by 41.3% during the second quarter. EverSource Wealth Advisors LLC now owns 3,472 shares of the technology company's stock valued at $38,000 after acquiring an additional 1,015 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Pitney Bowes by 0.5% during the second quarter. New York State Teachers Retirement System now owns 257,827 shares of the technology company's stock valued at $2,813,000 after acquiring an additional 1,246 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Pitney Bowes by 12.5% during the second quarter. Baird Financial Group Inc. now owns 13,164 shares of the technology company's stock valued at $144,000 after acquiring an additional 1,459 shares in the last quarter. PFG Investments LLC raised its stake in shares of Pitney Bowes by 14.6% during the first quarter. PFG Investments LLC now owns 12,884 shares of the technology company's stock valued at $117,000 after acquiring an additional 1,644 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Pitney Bowes by 5.1% during the second quarter. ProShare Advisors LLC now owns 40,506 shares of the technology company's stock valued at $442,000 after acquiring an additional 1,974 shares in the last quarter. 67.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Deborah Pfeiffer sold 35,000 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.14, for a total transaction of $424,900.00. Following the sale, the executive vice president directly owned 115,405 shares in the company, valued at approximately $1,401,016.70. This represents a 23.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.00% of the stock is currently owned by insiders.

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

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 11th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 11th. This is an increase from Pitney Bowes's previous quarterly dividend of $0.07. Pitney Bowes's dividend payout ratio is presently -53.33%.

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.