NYSE:PBI - Pitney Bowes Stock Price, Forecast & News

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

Pitney Bowes announced a quarterly dividend on Tuesday, February 4th. Investors of record on Friday, February 14th will be given a dividend of $0.05 per share on Monday, March 9th. This represents a $0.20 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Thursday, February 13th. View Pitney Bowes' Dividend History.

Pitney Bowes declared that its board has authorized a share buyback plan on Tuesday, February 5th 2019, which permits the company to buyback $100,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Pitney Bowes Inc. (NYSE:PBI) posted its earnings results on Tuesday, February, 4th. The technology company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The technology company earned $831.30 million during the quarter, compared to analyst estimates of $846.76 million. Pitney Bowes had a net margin of 5.81% and a return on equity of 110.36%. Pitney Bowes's revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. View Pitney Bowes' Earnings History.

Pitney Bowes is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Pitney Bowes.

Pitney Bowes issued an update on its FY20 earnings guidance on Tuesday, February, 4th. The company provided EPS guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.65.

2 brokers have issued 1 year price targets for Pitney Bowes' stock. Their forecasts range from $6.00 to $6.00. On average, they expect Pitney Bowes' stock price to reach $6.00 in the next year. This suggests a possible upside of 75.2% from the stock's current price. View Analyst Price Targets for Pitney Bowes.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pitney Bowes in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pitney Bowes.

Media stories about PBI stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pitney Bowes earned a news sentiment score of -2.0 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Pitney Bowes.

Pitney Bowes saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 34,890,000 shares, an increase of 13.2% from the December 31st total of 30,820,000 shares. Based on an average daily trading volume, of 2,650,000 shares, the days-to-cover ratio is currently 13.2 days. Approximately 20.6% of the shares of the company are sold short. View Pitney Bowes' Current Options Chain.

Some companies that are related to Pitney Bowes include Avery Dennison (AVY), MSA Safety (MSA), Herman Miller (MLHR), Steelcase (SCS), HNI (HNI), Knoll (KNL), Interface (TILE), ACCO Brands (ACCO), Kimball International (KBAL), CompX International (CIX), NL Industries (NL) and ARC Document Solutions (ARC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Pitney Bowes investors own include AT&T (T), General Electric (GE), Verizon Communications (VZ), Ford Motor (F), QUALCOMM (QCOM), Pfizer (PFE), CVS Health (CVS), Cisco Systems (CSCO), Gilead Sciences (GILD) and Intel (INTC).

Pitney Bowes' stock is owned by many different of institutional and retail investors. Top institutional investors include LSV Asset Management (3.39%), State Street Corp (3.28%), Bank of New York Mellon Corp (2.05%), Jacobs Levy Equity Management Inc. (2.03%), Geode Capital Management LLC (1.32%) and Capital Management Corp VA (1.16%). Company insiders that own Pitney Bowes stock include Jason Dies, Linda S Sanford, Marc Bradley Lautenbach, Robert M Dutkowsky and Stanley J Sutula III. View Institutional Ownership Trends for Pitney Bowes.

PBI stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Bank of New York Mellon Corp, Advisors Asset Management Inc., Public Sector Pension Investment Board, Capital Management Corp VA, Renaissance Technologies LLC, Alpine Woods Capital Investors LLC and Alambic Investment Management L.P.. View Insider Buying and Selling for Pitney Bowes.

PBI stock was acquired by a variety of institutional investors in the last quarter, including Jacobs Levy Equity Management Inc., New York State Common Retirement Fund, SG Americas Securities LLC, Russell Investments Group Ltd., Great West Life Assurance Co. Can, State Street Corp, Virtu Financial LLC and South Dakota Investment Council. Company insiders that have bought Pitney Bowes stock in the last two years include Jason Dies, Linda S Sanford, Marc Bradley Lautenbach, Robert M Dutkowsky and Stanley J Sutula III. View Insider Buying and Selling for Pitney Bowes.

Shares of PBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PBI stock can currently be purchased for approximately $3.43.

Pitney Bowes has a market capitalization of $586.19 million and generates $3.21 billion in revenue each year. The technology company earns $194.61 million in net income (profit) each year or $0.68 on an earnings per share basis. Pitney Bowes employs 13,300 workers across the globe.View Additional Information About Pitney Bowes.

The official website for Pitney Bowes is http://www.pitneybowes.com/.

Pitney Bowes' mailing address is 3001 SUMMER STREET, STAMFORD CT, 06926. The technology company can be reached via phone at 203-356-5000 or via email at [email protected]