Pitney Bowes (NYSE:PBI) Releases Earnings Results, Beats Expectations By $0.16 EPS

Pitney Bowes (NYSE:PBI - Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16, Zacks reports. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%. Pitney Bowes updated its FY 2025 guidance to 1.100-1.300 EPS.

Pitney Bowes Stock Performance

Shares of PBI traded up $0.04 during mid-day trading on Friday, hitting $10.55. 3,871,854 shares of the company were exchanged, compared to its average volume of 1,900,217. Pitney Bowes has a 1-year low of $3.73 and a 1-year high of $10.81. The company has a 50 day moving average of $7.94 and a 200-day moving average of $7.42. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -4.84, a price-to-earnings-growth ratio of 0.52 and a beta of 2.01.

Pitney Bowes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Pitney Bowes's previous quarterly dividend of $0.05. Pitney Bowes's dividend payout ratio is -9.17%.

Insider Buying and Selling

In other Pitney Bowes news, Director Paul J. Evans acquired 29,000 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was bought at an average price of $7.80 per share, for a total transaction of $226,200.00. Following the acquisition, the director now owns 29,000 shares in the company, valued at approximately $226,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kurt James Wolf sold 78,285 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $10.66, for a total transaction of $834,518.10. Following the completion of the sale, the director now owns 606,289 shares of the company's stock, valued at approximately $6,463,040.74. The trade was a 11.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,405,593 shares of company stock worth $13,568,759 in the last 90 days. Insiders own 14.30% of the company's stock.

Pitney Bowes Company Profile

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.