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 declared a quarterly dividend on Tuesday, February 4th. Shareholders 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 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Thursday, February 13th. View Pitney Bowes' Dividend History.

Pitney Bowes declared that its board has initiated a stock buyback program 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 reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Pitney Bowes Inc. (NYSE:PBI) issued its quarterly earnings results on Tuesday, February, 4th. The technology company reported $0.14 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.02. The technology company earned $831.30 million during the quarter, compared to the consensus estimate of $846.76 million. Pitney Bowes had a return on equity of 110.36% and a net margin of 5.81%. The firm's revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. 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 updated its FY20 earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.65.

2 brokers have issued 12 month price targets for Pitney Bowes' stock. Their forecasts range from $6.00 to $6.00. On average, they anticipate Pitney Bowes' stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 59.2% 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.

News stories about PBI stock have been trending extremely negative on Wednesday, InfoTrie Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Pitney Bowes earned a daily sentiment score of -4.1 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an effect on the company's share price in the next several days. View News Stories for Pitney Bowes.

Pitney Bowes saw a increase in short interest during 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 trading volume of 2,650,000 shares, the days-to-cover ratio is presently 13.2 days. Currently, 20.6% of the company's shares 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), Pfizer (PFE), QUALCOMM (QCOM), Ford Motor (F), Cisco Systems (CSCO), Intel (INTC), CVS Health (CVS) and Gilead Sciences (GILD).

Pitney Bowes' stock is owned by many different of retail and institutional investors. Top institutional shareholders 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%), Capital Management Corp VA (1.16%) and Charles Schwab Investment Management Inc. (0.95%). 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 $3.77.

Pitney Bowes has a market capitalization of $644.10 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]