Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Pitney Bowes (PBI) Stock Price
Headlines about Pitney Bowes (NYSE:PBI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pitney Bowes earned a news impact score of 0.03 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.0114719357785 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Pitney Bowes Inc. (NYSE:PBI) Experiences Heavy Trading Volume – Highlight Press (highlightpress.com)
- Pitney Bowes Inc. (NYSE:PBI) Announces $0.19 Quarterly Dividend (americanbankingnews.com)
- High Money Making Stock: Pitney Bowes Inc. (PBI) along 5.86% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- ETFs with exposure to Pitney Bowes, Inc. : August 4, 2017 (finance.yahoo.com)
- Pitney Bowes Inc. (NYSE:PBI) Forecasted to Post Q3 2017 Earnings of $0.45 Per Share (americanbankingnews.com)
Pitney Bowes (NYSE PBI) traded up 0.31% during trading on Friday, reaching $12.84. The company had a trading volume of 2,699,637 shares. The firm has a market capitalization of $2.40 billion, a P/E ratio of 24.69 and a beta of 1.17. The firm’s 50-day moving average price is $15.30 and its 200 day moving average price is $14.40. Pitney Bowes has a one year low of $12.31 and a one year high of $19.10.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.03. The business had revenue of $821.40 million for the quarter, compared to the consensus estimate of $822.90 million. Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. Pitney Bowes’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts forecast that Pitney Bowes will post $1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 5.84%. Pitney Bowes’s dividend payout ratio is presently 144.23%.
PBI has been the topic of a number of analyst reports. Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Sidoti cut Pitney Bowes from a “buy” rating to a “neutral” rating in a research report on Monday, May 15th. ValuEngine cut Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub cut Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Finally, Loop Capital assumed coverage on Pitney Bowes in a research report on Friday, July 28th. They set a “hold” rating and a $16.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Pitney Bowes presently has a consensus rating of “Hold” and an average target price of $17.50.
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In other Pitney Bowes news, Director Linda S. Sanford purchased 5,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost of $15.09 per share, with a total value of $75,450.00. Following the completion of the acquisition, the director now directly owns 18,690 shares in the company, valued at $282,032.10. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.01% of the stock is owned by company insiders.
Pitney Bowes Company Profile
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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