Pitney Bowes Inc. (NYSE:PBI) has been given an average broker rating score of 0.00 () from the three brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.
Brokers have set a 1 year consensus price target of $18.00 for the company and are forecasting that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pitney Bowes an industry rank of 110 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Tuesday, December 6th.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of The West purchased a new position in shares of Pitney Bowes during the third quarter worth $187,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Pitney Bowes by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,649 shares of the company’s stock worth $162,000 after buying an additional 49 shares during the last quarter. ING Groep NV purchased a new position in shares of Pitney Bowes during the fourth quarter worth $167,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Pitney Bowes during the fourth quarter worth $185,000. Finally, Reik & CO. LLC raised its position in shares of Pitney Bowes by 9.4% in the third quarter. Reik & CO. LLC now owns 12,934 shares of the company’s stock worth $235,000 after buying an additional 1,110 shares during the last quarter. Hedge funds and other institutional investors own 73.69% of the company’s stock.
Shares of Pitney Bowes (NYSE:PBI) opened at 12.78 on Thursday. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 26.03 and a beta of 1.36. The stock has a 50 day moving average price of $13.60 and a 200-day moving average price of $15.71. Pitney Bowes has a 1-year low of $12.41 and a 1-year high of $21.81.
Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. Pitney Bowes had a return on equity of 575.70% and a net margin of 3.20%. The business earned $887.10 million during the quarter, compared to analysts’ expectations of $920.70 million. During the same quarter in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Equities research analysts forecast that Pitney Bowes will post $1.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Friday, February 17th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 5.87%. Pitney Bowes’s payout ratio is 153.06%.
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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