Pitney Bowes Inc. (PBI) Set to Announce Quarterly Earnings on Wednesday
Pitney Bowes Inc. (NYSE:PBI) is set to issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Pitney Bowes has set its FY17 guidance at $1.70-1.78 EPS.
Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $821.40 million for the quarter, compared to the consensus estimate of $822.90 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, analysts expect Pitney Bowes to post $1.7 EPS for the current fiscal year and $1.85 EPS for the next fiscal year.
Shares of Pitney Bowes Inc. (NYSE:PBI) opened at 14.24 on Wednesday. Pitney Bowes Inc. has a 12 month low of $12.31 and a 12 month high of $18.20. The company has a market cap of $2.66 billion, a PE ratio of 27.98 and a beta of 1.21. The firm’s 50-day moving average price is $13.51 and its 200 day moving average price is $14.18.
A number of brokerages have recently commented on PBI. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Loop Capital started coverage on shares of Pitney Bowes in a research report on Friday, July 28th. They set a “hold” rating and a $16.00 target price on the stock. Finally, BidaskClub upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Pitney Bowes presently has a consensus rating of “Hold” and an average target price of $17.67.
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About Pitney Bowes
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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