FY2024 EPS Estimates for Pitney Bowes Lifted by Sidoti Csr

Pitney Bowes Inc. (NYSE:PBI) – Sidoti Csr increased their FY2024 earnings estimates for shares of Pitney Bowes in a note issued to investors on Friday, November 8th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the technology company will earn $0.38 per share for the year, up from their prior forecast of $0.35. 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 $0.14 EPS, Q1 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.05 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.36 EPS and FY2026 earnings at $1.16 EPS.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Pitney Bowes had a negative return on equity of 13.85% and a negative net margin of 13.02%. The business had revenue of $793.17 million for the quarter, compared to analyst estimates of $771.65 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis.

Separately, StockNews.com downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

Pitney Bowes Stock Down 5.8 %

NYSE PBI opened at $7.58 on Monday. Pitney Bowes has a 52 week low of $3.68 and a 52 week high of $8.80. The business has a 50 day moving average price of $7.03 and a 200-day moving average price of $6.26. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -3.48, a P/E/G ratio of 1.44 and a beta of 1.97.

Pitney Bowes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Monday, November 18th. Pitney Bowes’s payout ratio is presently -9.17%.

Institutional Trading of Pitney Bowes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Pitney Bowes in the second quarter valued at approximately $48,000. William Howard & Co Financial Advisors Inc purchased a new stake in Pitney Bowes in the 1st quarter valued at $52,000. SageView Advisory Group LLC bought a new position in Pitney Bowes during the 1st quarter valued at $57,000. Point72 DIFC Ltd boosted its holdings in Pitney Bowes by 218.0% during the 2nd quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after acquiring an additional 7,819 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Pitney Bowes by 15.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company’s stock worth $77,000 after acquiring an additional 2,054 shares during the last quarter. 67.88% of the stock is owned by institutional investors.

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.