Pitney Bowes Inc. (PBI) Shares Gap Up to $18.56
Pitney Bowes Inc. (NYSE:PBI) gapped up prior to trading on Friday . The stock had previously closed at $18.53, but opened at $18.56. Pitney Bowes shares last traded at $18.74, with a volume of 1,114,404 shares trading hands.
Several equities research analysts have recently issued reports on the company. Brean Capital reaffirmed a “buy” rating and issued a $24.00 price target (down from $25.00) on shares of Pitney Bowes in a research report on Wednesday, May 4th. Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Friday, July 1st.
The stock has a market cap of $3.48 billion and a price-to-earnings ratio of 12.74. The firm has a 50 day moving average price of $18.61 and a 200-day moving average price of $19.04.
Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company earned $836 million during the quarter, compared to the consensus estimate of $852.46 million. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. On average, analysts anticipate that Pitney Bowes Inc. will post $1.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Shareholders of record on Monday, August 22nd will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, August 18th.
A hedge fund recently raised its stake in Pitney Bowes stock. Bank of Montreal Can increased its stake in Pitney Bowes Inc. (NYSE:PBI) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,298 shares of the company’s stock after buying an additional 386 shares during the period. Bank of Montreal Can’s holdings in Pitney Bowes were worth $1,019,000 as of its most recent SEC filing.
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence, and customer engagement products and solutions to help clients market to their customers, and shipping and mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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