Analysts Expect Pitney Bowes Inc. (PBI) to Post $0.36 Earnings Per Share

Equities analysts expect Pitney Bowes Inc. (NYSE:PBI) to post earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Pitney Bowes’ earnings. Pitney Bowes reported earnings of $0.53 per share during the same quarter last year, which suggests a negative year over year growth rate of 32.1%. The business is scheduled to report its next earnings results on Wednesday, February 7th.

On average, analysts expect that Pitney Bowes will report full year earnings of $1.38 per share for the current financial year. For the next fiscal year, analysts forecast that the company will report earnings of $1.47 per share, with EPS estimates ranging from $1.38 to $1.55. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Pitney Bowes.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The company had revenue of $842.82 million during the quarter, compared to the consensus estimate of $837.60 million. During the same quarter last year, the firm posted $0.44 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis.

Several research firms have recently commented on PBI. Zacks Investment Research upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Loop Capital lowered their price target on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Pitney Bowes presently has an average rating of “Hold” and an average target price of $14.50.

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Pitney Bowes by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after buying an additional 748 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Pitney Bowes during the second quarter valued at about $108,000. ETRADE Capital Management LLC purchased a new stake in Pitney Bowes during the third quarter valued at about $168,000. D.A. Davidson & CO. lifted its stake in Pitney Bowes by 23.0% during the second quarter. D.A. Davidson & CO. now owns 12,300 shares of the technology company’s stock valued at $185,000 after buying an additional 2,300 shares in the last quarter. Finally, TSP Capital Management Group LLC lifted its stake in Pitney Bowes by 13.1% during the second quarter. TSP Capital Management Group LLC now owns 12,550 shares of the technology company’s stock valued at $190,000 after buying an additional 1,450 shares in the last quarter. 73.74% of the stock is owned by institutional investors.

Pitney Bowes (PBI) traded down $0.16 during mid-day trading on Friday, reaching $11.11. 1,069,115 shares of the company’s stock traded hands, compared to its average volume of 2,666,549. The company has a current ratio of 1.42, a quick ratio of 1.37 and a debt-to-equity ratio of 35.49. Pitney Bowes has a 12-month low of $9.50 and a 12-month high of $16.60. The company has a market capitalization of $2,117.50, a price-to-earnings ratio of 23.15 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 6.75%. The ex-dividend date of this dividend was Monday, November 20th. Pitney Bowes’s payout ratio is 156.25%.

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Pitney Bowes Company Profile

Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.

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