Pitney Bowes (PBI) Stock Forecast, Price & News

Pitney Bowes' stock was trading at $3.80 at the beginning of 2023. Since then, PBI shares have decreased by 12.9% and is now trading at $3.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our PBI earnings forecast.

Pitney Bowes Inc. (NYSE:PBI) issued its quarterly earnings results on Thursday, May, 4th. The technology company reported ($0.01) earnings per share (EPS) for the quarter. The technology company earned $834.54 million during the quarter, compared to analysts' expectations of $870.66 million. Pitney Bowes had a trailing twelve-month return on equity of 29.25% and a net margin of 0.24%. The company's revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share.

Pitney Bowes declared a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 23rd will be given a dividend of $0.05 per share on Thursday, June 8th. This represents a $0.20 annualized dividend and a yield of 6.04%. The ex-dividend date is Monday, May 22nd.
Read our dividend analysis for PBI.

ETFs with the largest weight of Pitney Bowes (NYSE:PBI) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Etho Climate Leadership US ETF (ETHO), Strategas Global Policy Opportunities ETF (SAGP), WisdomTree U.S. SmallCap Dividend Fund (DES), Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) and

Pitney Bowes (NYSE:PBI) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.08%. PBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 400.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PBI will have a dividend payout ratio of 83.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PBI.

628 employees have rated Pitney Bowes Chief Executive Officer Marc Lautenbach on Glassdoor.com. Marc Lautenbach has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Pitney Bowes investors own include AT&T (T), General Electric (GE), Ford Motor (F), QUALCOMM (QCOM), Pfizer (PFE), Cisco Systems (CSCO), NVIDIA (NVDA), Verizon Communications (VZ), AbbVie (ABBV) and Alibaba Group (BABA).

Pitney Bowes trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBI."

Pitney Bowes' stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.66%), Charles Schwab Investment Management Inc. (2.52%), Capital Management Corp VA (1.99%), Geode Capital Management LLC (1.76%), Clifford Capital Partners LLC (1.69%) and Dimensional Fund Advisors LP (1.50%). Insiders that own company stock include Ana Maria Chadwick, Daniel J Goldstein, James Arthur Fairweather, Linda S Sanford, Mary Guilfoile and Sheila A Stamps.
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Shares of PBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PBI stock can currently be purchased for approximately $3.31.

Pitney Bowes (NYSE:PBI) has a market capitalization of $581.32 million and generates $3.45 billion in revenue each year. The technology company earns $36.94 million in net income (profit) each year or $0.05 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Pitney Bowes' mailing address is 3001 SUMMER STREET, STAMFORD CT, 06926. The official website for the company is www.pitneybowes.com. The technology company can be reached via phone at (203) 356-5000, via email at investorrelations@pb.com, or via fax at 203-351-7336.