Sidoti Csr Brokers Raise Earnings Estimates for Pitney Bowes

Pitney Bowes Inc. (NYSE:PBI) – Sidoti Csr increased their FY2024 earnings per share (EPS) estimates for Pitney Bowes in a report released on Friday, November 8th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the technology company will post earnings of $0.38 per share for the year, up from their previous forecast of $0.35. The consensus estimate for Pitney Bowes’ current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Pitney Bowes’ Q4 2024 earnings at $0.14 EPS, Q1 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $1.05 EPS, Q1 2026 earnings at $0.28 EPS, Q2 2026 earnings at $0.27 EPS, Q3 2026 earnings at $0.36 EPS and FY2026 earnings at $1.16 EPS.

Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Friday, November 8th. The technology company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $499.46 million during the quarter, compared to analyst estimates of $467.80 million. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 13.85%.

Separately, StockNews.com cut Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st.

Pitney Bowes Trading Up 5.4 %

Shares of NYSE PBI opened at $7.99 on Monday. Pitney Bowes has a 12-month low of $3.68 and a 12-month high of $8.80. The stock’s fifty day simple moving average is $7.03 and its two-hundred day simple moving average is $6.26. The stock has a market capitalization of $1.43 billion, a PE ratio of -3.67, a price-to-earnings-growth ratio of 1.44 and a beta of 1.97.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PBI. nVerses Capital LLC purchased a new position in shares of Pitney Bowes in the second quarter worth about $48,000. William Howard & Co Financial Advisors Inc acquired a new stake in Pitney Bowes during the 1st quarter valued at approximately $52,000. SageView Advisory Group LLC purchased a new stake in shares of Pitney Bowes in the 1st quarter valued at $57,000. Point72 DIFC Ltd increased its stake in shares of Pitney Bowes by 218.0% in the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after acquiring an additional 7,819 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of Pitney Bowes by 15.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,189 shares of the technology company’s stock worth $77,000 after purchasing an additional 2,054 shares during the last quarter. 67.88% of the stock is owned by institutional investors and hedge funds.

Pitney Bowes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 2.50%. Pitney Bowes’s payout ratio is -9.17%.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.