Pitney Bowes Inc. Expected to Post Q3 2024 Earnings of $0.01 Per Share (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) – Equities researchers at Sidoti Csr lowered their Q3 2024 earnings per share estimates for shares of Pitney Bowes in a research report issued on Friday, May 3rd. Sidoti Csr analyst A. Lebiedzinski now forecasts that the technology company will post earnings of $0.01 per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for Pitney Bowes’ current full-year earnings is $0.01 per share. Sidoti Csr also issued estimates for Pitney Bowes’ Q1 2025 earnings at $0.05 EPS, Q2 2025 earnings at ($0.01) EPS, Q3 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.14 EPS.

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

Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

Pitney Bowes Price Performance

PBI stock opened at $5.23 on Monday. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $5.51. The company has a market capitalization of $935.54 million, a price-to-earnings ratio of -2.41, a PEG ratio of 35.13 and a beta of 2.14. The business has a 50 day simple moving average of $4.24 and a two-hundred day simple moving average of $4.10.

Pitney Bowes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.82%. Pitney Bowes’s dividend payout ratio (DPR) is -9.22%.

Institutional Trading of Pitney Bowes

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Pitney Bowes by 10.0% during the 1st quarter. BNP Paribas Financial Markets now owns 216,002 shares of the technology company’s stock worth $935,000 after acquiring an additional 19,690 shares in the last quarter. Verity & Verity LLC purchased a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $560,000. PFG Investments LLC purchased a new stake in shares of Pitney Bowes during the 1st quarter worth approximately $99,000. Quadrature Capital Ltd purchased a new stake in shares of Pitney Bowes during the 4th quarter worth approximately $240,000. Finally, Cruiser Capital Advisors LLC raised its holdings in shares of Pitney Bowes by 109.9% during the 4th quarter. Cruiser Capital Advisors LLC now owns 57,306 shares of the technology company’s stock worth $252,000 after acquiring an additional 30,000 shares in the last quarter. 67.88% of the stock is owned by hedge funds and other 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.