Pitney Bowes (NYSE:PBI) Announces Quarterly Earnings Results

Pitney Bowes (NYSE:PBI - Get Free Report) released its quarterly earnings results on Tuesday. The technology company reported $0.32 EPS for the quarter, topping analysts' consensus estimates 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 Trading Up 0.3 %

Shares of PBI stock traded up $0.04 during trading hours on Friday, reaching $10.55. 3,871,854 shares of the stock were exchanged, compared to its average volume of 1,900,217. Pitney Bowes has a 12-month low of $3.73 and a 12-month high of $10.81. The company's 50-day moving average price is $7.94 and its 200-day moving average price is $7.42. The firm has a market capitalization 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 21st will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, February 21st. This is a boost from Pitney Bowes's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.28%. Pitney Bowes's payout ratio is currently -9.17%.

Insider Buying and Selling

In related news, Director Kurt James Wolf sold 78,285 shares of Pitney Bowes 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 in the company, valued at $6,463,040.74. This trade represents a 11.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total transaction of $315,700.00. Following the sale, the executive vice president now owns 124,124 shares of the company's stock, valued at $1,119,598.48. The trade was a 22.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,405,593 shares of company stock valued at $13,568,759. Company insiders own 14.30% of the company's stock.

About Pitney Bowes

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.