Wall Street analysts forecast that Pitney Bowes (NYSE:PBI) will report $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Pitney Bowes’ earnings. Pitney Bowes reported earnings per share of $0.36 in the same quarter last year, which would suggest a negative year over year growth rate of 19.4%. The firm is expected to report its next quarterly earnings results before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Pitney Bowes will report full-year earnings of $1.46 per share for the current year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts expect that the business will post earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Pitney Bowes.
Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Pitney Bowes had a net margin of 7.36% and a return on equity of 388.23%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS.
A number of research firms have recently commented on PBI. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.50.
A number of hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in Pitney Bowes during the 4th quarter valued at about $202,000. Envestnet Asset Management Inc. lifted its holdings in Pitney Bowes by 247.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 128,177 shares of the technology company’s stock valued at $1,433,000 after purchasing an additional 91,242 shares during the last quarter. Meitav Dash Investments Ltd. bought a new position in Pitney Bowes during the 4th quarter valued at about $475,000. Segall Bryant & Hamill LLC lifted its holdings in Pitney Bowes by 9.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 674,791 shares of the technology company’s stock valued at $7,544,000 after purchasing an additional 60,360 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in Pitney Bowes during the 4th quarter valued at about $1,321,000. 75.63% of the stock is owned by hedge funds and other institutional investors.
NYSE:PBI opened at $10.73 on Friday. The stock has a market cap of $2,045.24, a PE ratio of 7.61 and a beta of 1.13. Pitney Bowes has a 52 week low of $9.50 and a 52 week high of $16.25. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 18.92.
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About Pitney Bowes
Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.
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