Wall Street brokerages forecast that Pitney Bowes Inc. (NYSE:PBI) will announce $0.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pitney Bowes’ earnings. Pitney Bowes reported earnings of $0.53 per share during the same quarter last year, which suggests a negative year over year growth rate of 32.1%. The firm is expected to report its next quarterly earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Pitney Bowes will report full-year earnings of $1.38 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $1.47 per share, with EPS estimates ranging from $1.38 to $1.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Pitney Bowes.

Pitney Bowes (NYSE:PBI) last released its earnings results on Wednesday, November 1st. The technology company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The firm had revenue of $842.82 million during the quarter, compared to analyst estimates of $837.60 million. Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share.

Several equities research analysts have recently commented on PBI shares. BidaskClub raised Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. ValuEngine cut Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Finally, Loop Capital decreased their price objective on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Pitney Bowes has a consensus rating of “Hold” and an average price target of $14.50.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pitney Bowes by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock worth $106,000 after purchasing an additional 748 shares during the period. Seven Eight Capital LP acquired a new stake in shares of Pitney Bowes during the second quarter worth $108,000. ETRADE Capital Management LLC acquired a new stake in shares of Pitney Bowes during the third quarter worth $168,000. IFP Advisors Inc grew its stake in Pitney Bowes by 74.4% in the second quarter. IFP Advisors Inc now owns 11,236 shares of the technology company’s stock valued at $170,000 after acquiring an additional 4,793 shares during the period. Finally, D.A. Davidson & CO. grew its stake in Pitney Bowes by 23.0% in the second quarter. D.A. Davidson & CO. now owns 12,300 shares of the technology company’s stock valued at $185,000 after acquiring an additional 2,300 shares during the period. 73.78% of the stock is owned by institutional investors and hedge funds.

Shares of Pitney Bowes (NYSE PBI) opened at $10.52 on Thursday. The company has a market capitalization of $1,945.71, a price-to-earnings ratio of 6.72 and a beta of 1.12. Pitney Bowes has a 52 week low of $9.50 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 35.49, a current ratio of 1.42 and a quick ratio of 1.37.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.1875 per share. The ex-dividend date is Monday, November 20th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 7.13%. Pitney Bowes’s dividend payout ratio (DPR) is presently 156.25%.

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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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