Pitney Bowes Inc. (NYSE:PBI – Get Free Report) was the target of unusually large options trading on Monday. Stock investors purchased 4,640 call options on the company. This represents an increase of approximately 153% compared to the average daily volume of 1,831 call options.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd.
Get Our Latest Research Report on Pitney Bowes
Institutional Investors Weigh In On Pitney Bowes
Pitney Bowes Price Performance
PBI stock opened at $5.95 on Tuesday. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $6.00. The business has a 50 day simple moving average of $5.03 and a two-hundred day simple moving average of $4.45. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -2.74, a PEG ratio of 16.93 and a beta of 1.99.
Pitney Bowes (NYSE:PBI – Get Free Report) last issued its earnings results on Thursday, May 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $797.00 million. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. Pitney Bowes’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Sell-side analysts anticipate that Pitney Bowes will post 0.02 EPS for the current fiscal year.
Pitney Bowes Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.36%. Pitney Bowes’s dividend payout ratio (DPR) is -9.22%.
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.
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