Analysts Offer Predictions for Pitney Bowes Inc.’s Q4 2024 Earnings (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) – Sidoti Csr upped their Q4 2024 earnings per share (EPS) estimates for Pitney Bowes in a research report issued on Tuesday, July 2nd. Sidoti Csr analyst A. Lebiedzinski now expects that the technology company will earn $0.12 per share for the quarter, up from their previous forecast of $0.08. The consensus estimate for Pitney Bowes’ current full-year earnings is $0.02 per share. Sidoti Csr also issued estimates for Pitney Bowes’ Q1 2025 earnings at $0.10 EPS and Q2 2025 earnings at $0.05 EPS.

Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd.

Pitney Bowes Stock Up 0.2 %

Pitney Bowes stock opened at $6.27 on Thursday. Pitney Bowes has a 12 month low of $2.80 and a 12 month high of $6.42. The company’s fifty day simple moving average is $5.11 and its 200-day simple moving average is $4.48. The stock has a market cap of $1.12 billion, a P/E ratio of -2.89, a P/E/G ratio of 20.83 and a beta of 1.99.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The business had revenue of $831.00 million during the quarter, compared to analyst estimates of $797.00 million. During the same period in the prior year, the firm earned ($0.01) earnings per share. The firm’s revenue was down .4% compared to the same quarter last year.

Pitney Bowes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Thursday, May 23rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, May 22nd. Pitney Bowes’s payout ratio is presently -9.22%.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. William Howard & Co Financial Advisors Inc bought a new position in Pitney Bowes during the first quarter valued at approximately $52,000. Tidal Investments LLC bought a new position in Pitney Bowes during the first quarter valued at approximately $764,000. B. Riley Wealth Advisors Inc. raised its position in Pitney Bowes by 10.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 98,956 shares of the technology company’s stock valued at $428,000 after acquiring an additional 9,222 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Pitney Bowes by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 220,888 shares of the technology company’s stock valued at $957,000 after purchasing an additional 8,305 shares during the period. Finally, Quadrature Capital Ltd raised its position in shares of Pitney Bowes by 21.6% in the first quarter. Quadrature Capital Ltd now owns 66,247 shares of the technology company’s stock valued at $287,000 after purchasing an additional 11,753 shares during the period. Institutional investors own 67.88% 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.