FY2025 EPS Estimates for Pitney Bowes Lifted by Sidoti Csr

Key Points

• Sidoti Csr has raised its FY2025 earnings per share (EPS) estimate for Pitney Bowes from $1.25 to $1.29, which is above the consensus estimate of $1.21.
• Pitney Bowes reported Q2 earnings of $0.27 EPS, matching the consensus, but faced a decline in revenue of 5.7% year-over-year, totaling $461.91 million.
• The company announced a $400 million share buyback plan, indicating its belief that the stock is undervalued, and also increased its quarterly dividend from $0.07 to $0.08.

Pitney Bowes Inc. (NYSE:PBI - Free Report) - Equities research analysts at Sidoti Csr raised their FY2025 earnings per share (EPS) estimates for Pitney Bowes in a research note issued to investors on Thursday, July 31st. Sidoti Csr analyst A. Lebiedzinski now expects that the technology company will post earnings of $1.29 per share for the year, up from their previous forecast of $1.25. The consensus estimate for Pitney Bowes' current full-year earnings is $1.21 per share. Sidoti Csr also issued estimates for Pitney Bowes' Q4 2025 earnings at $0.38 EPS, Q2 2026 earnings at $0.28 EPS, Q3 2026 earnings at $0.33 EPS and Q4 2026 earnings at $0.39 EPS.

Pitney Bowes (NYSE:PBI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. Pitney Bowes had a negative return on equity of 38.01% and a negative net margin of 5.60%. The firm had revenue of $461.91 million for the quarter, compared to analysts' expectations of $475.92 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business's revenue for the quarter was down 5.7% compared to the same quarter last year.

A number of other equities analysts have also recently issued reports on PBI. Sidoti upgraded Pitney Bowes to a "hold" rating in a report on Monday, May 5th. Wall Street Zen cut Pitney Bowes from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 15th.

Pitney Bowes Price Performance

NYSE PBI traded down $0.41 during trading on Friday, reaching $11.13. The company's stock had a trading volume of 1,523,958 shares, compared to its average volume of 2,494,791. The stock has a market capitalization of $2.04 billion, a PE ratio of -18.52, a P/E/G ratio of 0.58 and a beta of 1.54. The firm has a fifty day moving average of $11.04 and a 200 day moving average of $9.80. Pitney Bowes has a one year low of $5.58 and a one year high of $13.11.

Pitney Bowes Increases Dividend

The company 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 annualized dividend and a dividend yield of 2.9%. This is an increase from Pitney Bowes's previous quarterly dividend of $0.07. Pitney Bowes's dividend payout ratio is currently -53.33%.

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

Insider Activity

In other 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 completion of the transaction, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.00% of the company's stock.

Institutional Trading of Pitney Bowes

A number of institutional investors and hedge funds have recently modified their holdings of PBI. Vanguard Group Inc. increased its holdings in shares of Pitney Bowes by 6.5% in the 4th quarter. Vanguard Group Inc. now owns 21,162,512 shares of the technology company's stock worth $153,217,000 after purchasing an additional 1,299,716 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Pitney Bowes in the 1st quarter worth $11,032,000. Hennessy Advisors Inc. purchased a new position in shares of Pitney Bowes in the 2nd quarter worth $12,660,000. First Trust Advisors LP purchased a new position in shares of Pitney Bowes in the 4th quarter worth $6,245,000. Finally, Invesco Ltd. boosted its stake in shares of Pitney Bowes by 38.9% in the 1st quarter. Invesco Ltd. now owns 2,918,742 shares of the technology company's stock worth $26,415,000 after buying an additional 817,953 shares during the last quarter. 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.