Pitney Bowes (PBI) Stock Forecast, Price & News

Pitney Bowes' stock was trading at $3.80 on January 1st, 2023. Since then, PBI shares have decreased by 14.2% and is now trading at $3.26.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our PBI earnings forecast.

Pitney Bowes Inc. (NYSE:PBI) released its quarterly earnings results on Thursday, August, 3rd. The technology company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by $0.01. The technology company earned $776.50 million during the quarter, compared to analysts' expectations of $809.61 million. Pitney Bowes had a positive trailing twelve-month return on equity of 9.19% and a negative net margin of 4.10%. The business's revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share.

Pitney Bowes announced a quarterly dividend on Thursday, August 3rd. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.05 per share on Friday, September 8th. This represents a $0.20 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Monday, August 21st.
Read our dividend analysis for PBI.

Invesco Russell 2000 Dynamic Multifactor ETF holds 348,143 shares of PBI stock, representing 0.38% of its portfolio.

Pitney Bowes (NYSE:PBI) pays an annual dividend of $0.20 per share and currently has a dividend yield of 6.33%. PBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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 investors include State Street Corp (3.63%), Charles Schwab Investment Management Inc. (2.55%), Capital Management Corp VA (2.53%), Northern Trust Corp (2.14%), Goldman Sachs Group Inc. (1.92%) and Geode Capital Management LLC (1.84%). Insiders that own company stock include Ana Maria Chadwick, Daniel J Goldstein, James Arthur Fairweather, Mary Guilfoile and Sheila A Stamps.
View institutional ownership trends.

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 $3.26.

Pitney Bowes (NYSE:PBI) has a market capitalization of $573.86 million and generates $3.54 billion in revenue each year. The technology company earns $36.94 million in net income (profit) each year or ($0.78) 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.