Pitney Bowes Inc. (PBI) Set to Announce Quarterly Earnings on Tuesday
Pitney Bowes Inc. (NYSE:PBI) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Pitney Bowes has set its FY17 guidance at $1.70-1.85 EPS.
Pitney Bowes (NYSE:PBI) last released its earnings results on Tuesday, May 2nd. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Pitney Bowes had a net margin of 3.28% and a return on equity of 2,282.68%. The firm had revenue of $836.60 million during the quarter, compared to the consensus estimate of $817.07 million. During the same period in the previous year, the firm earned $0.34 earnings per share. Pitney Bowes’s revenue was down .9% compared to the same quarter last year. On average, analysts expect Pitney Bowes to post $1.75 EPS for the current fiscal year and $1.9 EPS for the next fiscal year.
Pitney Bowes Inc. (NYSE:PBI) traded down 0.852% during midday trading on Thursday, reaching $15.705. 562,795 shares of the company were exchanged. Pitney Bowes Inc. has a 52-week low of $12.31 and a 52-week high of $19.33. The firm’s 50-day moving average price is $15.31 and its 200 day moving average price is $14.45. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 29.465 and a beta of 1.16.
PBI has been the topic of a number of research reports. Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a report on Monday, April 10th. ValuEngine downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Sidoti downgraded Pitney Bowes from a “buy” rating to a “neutral” rating in a report on Monday, May 15th. Finally, BidaskClub downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.50.
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In other Pitney Bowes news, Director Linda S. Sanford bought 5,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $15.09 per share, for a total transaction of $75,450.00. Following the acquisition, the director now directly owns 18,690 shares of the company’s stock, valued at $282,032.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.01% of the stock is owned by corporate insiders.
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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