Pitney Bowes Inc. (PBI) Issues FY13 Earnings Guidance
Pitney Bowes Inc. (NYSE:PBI) updated its FY13 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.68-1.83 for the period, compared to the Thomson Reuters consensus estimate of $1.72, Analyst Ratings Net reports.
Several analysts have recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Pitney Bowes from a neutral rating to a buy rating in a research note to investors on Monday, September 30th. On a related note, analysts at Zacks reiterated an underperform rating on shares of Pitney Bowes in a research note to investors on Friday, August 23rd. They now have a $16.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Pitney Bowes from $13.00 to $15.00 in a research note to investors on Thursday, August 1st. They now have a hold rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $16.67.
Shares of Pitney Bowes Inc. (NYSE:PBI) opened at 19.24 on Tuesday. Pitney Bowes Inc. has a 52 week low of $10.34 and a 52 week high of $18.03. The stock’s 50-day moving average is $17.01 and its 200-day moving average is $15.20. The company has a market cap of $3.883 billion and a price-to-earnings ratio of 15.86. Pitney Bowes also was the target of some unusual options trading on Monday. Stock traders purchased 15,081 call options on the company. This represents an increase of 337% compared to the average volume of 3,454 call options.
Pitney Bowes (NYSE:PBI) last released its earnings data on Tuesday, October 29th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.41 by $0.08. The company had revenue of $939.00 million for the quarter, compared to the consensus estimate of $972.28 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts predict that Pitney Bowes Inc. will post $1.71 earnings per share for the current fiscal year.
Pitney Bowes Inc is a global provider of software, hardware and services to enable both physical and digital communications and to integrate those physical and digital communications channels.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.