$0.29 EPS Expected for Pitney Bowes Inc. (PBI) This Quarter

Equities research analysts expect Pitney Bowes Inc. (NYSE:PBI) to post $0.29 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Pitney Bowes’ earnings. Pitney Bowes reported earnings per share of $0.36 during the same quarter last year, which would suggest a negative year over year growth rate of 19.4%. The business is scheduled to announce its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Pitney Bowes will report full year earnings of $1.48 per share for the current year, with EPS estimates ranging from $1.45 to $1.50. For the next year, analysts anticipate that the company will report earnings of $1.50 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Pitney Bowes.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Pitney Bowes had a net margin of 7.36% and a return on equity of 379.85%. Pitney Bowes’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS.

PBI has been the subject of several analyst reports. Loop Capital cut their price objective on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating for the company in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Pitney Bowes from a “strong sell” rating to a “hold” rating in a report on Monday, January 8th. Finally, ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Pitney Bowes has an average rating of “Hold” and an average price target of $14.50.

Large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. boosted its holdings in Pitney Bowes by 88.4% in the 4th quarter. Itau Unibanco Holding S.A. now owns 9,943 shares of the technology company’s stock valued at $111,000 after purchasing an additional 4,664 shares during the period. Timber Hill LLC bought a new position in Pitney Bowes in the 4th quarter valued at $116,000. State of Alaska Department of Revenue bought a new position in Pitney Bowes in the 4th quarter valued at $120,000. NEXT Financial Group Inc boosted its holdings in Pitney Bowes by 2,155.1% in the 4th quarter. NEXT Financial Group Inc now owns 11,005 shares of the technology company’s stock valued at $123,000 after purchasing an additional 10,517 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Pitney Bowes in the 4th quarter valued at $151,000. 70.24% of the stock is owned by hedge funds and other institutional investors.

Pitney Bowes (NYSE:PBI) opened at $12.30 on Tuesday. The company has a market cap of $2,274.35, a P/E ratio of 8.79 and a beta of 1.05. Pitney Bowes has a fifty-two week low of $9.50 and a fifty-two week high of $16.25. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 18.34.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Friday, February 16th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 6.10%. The ex-dividend date is Thursday, February 15th. Pitney Bowes’s payout ratio is 53.57%.

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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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