Pitney Bowes Inc. (NYSE:PBI - Free Report) - Research analysts at Sidoti Csr boosted their FY2024 earnings estimates for Pitney Bowes in a research report issued to clients and investors on Friday, January 24th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the technology company will post earnings per share of $0.40 for the year, up from their prior forecast of $0.38. The consensus estimate for Pitney Bowes' current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Pitney Bowes' Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.12 EPS, Q2 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.23 EPS.
Pitney Bowes Stock Performance
Shares of NYSE:PBI traded up $0.69 during mid-day trading on Monday, reaching $9.17. 3,087,603 shares of the company's stock were exchanged, compared to its average volume of 1,941,565. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.45 and a beta of 2.00. The business's fifty day moving average price is $7.58 and its 200-day moving average price is $7.18. Pitney Bowes has a twelve month low of $3.68 and a twelve month high of $9.25.
Pitney Bowes (NYSE:PBI - Get Free Report) last issued its earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.08. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. The firm had revenue of $499.46 million for the quarter, compared to analyst estimates of $467.80 million.
Pitney Bowes Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 18th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.18%. Pitney Bowes's dividend payout ratio (DPR) is presently -9.17%.
Insider Transactions at Pitney Bowes
In other Pitney Bowes news, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction on Friday, November 29th. The shares were sold at an average price of $8.12, for a total value of $343,540.96. Following the completion of the sale, the executive vice president now directly owns 18,664 shares of the company's stock, valued at approximately $151,551.68. The trade was a 69.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul J. Evans purchased 29,000 shares of the firm's stock in a transaction on Wednesday, November 20th. The stock was bought at an average cost of $7.80 per share, with a total value of $226,200.00. Following the completion of the purchase, the director now owns 29,000 shares of the company's stock, valued at approximately $226,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is owned by company insiders.
Institutional Investors Weigh In On Pitney Bowes
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. increased its stake in Pitney Bowes by 47.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,814,811 shares of the technology company's stock valued at $13,139,000 after purchasing an additional 586,249 shares in the last quarter. Algert Global LLC increased its stake in Pitney Bowes by 76.9% in the third quarter. Algert Global LLC now owns 344,829 shares of the technology company's stock valued at $2,459,000 after purchasing an additional 149,944 shares in the last quarter. FMR LLC grew its holdings in shares of Pitney Bowes by 3,308.0% during the third quarter. FMR LLC now owns 320,152 shares of the technology company's stock valued at $2,283,000 after buying an additional 310,758 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pitney Bowes by 182.4% during the third quarter. JPMorgan Chase & Co. now owns 967,384 shares of the technology company's stock valued at $6,897,000 after buying an additional 624,878 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Pitney Bowes during the third quarter valued at about $3,442,000. 67.88% of the stock is owned by institutional investors.
About Pitney Bowes
(
Get Free Report)
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.
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