Wall Street brokerages predict that Pitney Bowes (NYSE:PBI) will post earnings per share of $0.29 for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Pitney Bowes’ earnings. Pitney Bowes reported earnings of $0.36 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.4%. The business is expected to announce its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Pitney Bowes will report full year earnings of $1.46 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.47. For the next financial year, analysts expect that the business will report earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Pitney Bowes.

Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Pitney Bowes had a return on equity of 388.23% and a net margin of 7.36%. The business’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period last year, the firm posted $0.53 earnings per share.

Several brokerages have issued reports on PBI. Zacks Investment Research raised Pitney Bowes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 8th. ValuEngine downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.50.

Several hedge funds and other institutional investors have recently bought and sold shares of PBI. First Trust Advisors LP raised its stake in shares of Pitney Bowes by 2.7% in the third quarter. First Trust Advisors LP now owns 174,085 shares of the technology company’s stock worth $2,439,000 after buying an additional 4,539 shares during the period. Principal Financial Group Inc. raised its stake in shares of Pitney Bowes by 0.6% in the third quarter. Principal Financial Group Inc. now owns 795,001 shares of the technology company’s stock worth $11,138,000 after buying an additional 5,092 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Pitney Bowes by 8.0% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 345,741 shares of the technology company’s stock worth $4,844,000 after buying an additional 25,640 shares during the period. Quantbot Technologies LP raised its stake in shares of Pitney Bowes by 113.5% in the third quarter. Quantbot Technologies LP now owns 28,946 shares of the technology company’s stock worth $405,000 after buying an additional 15,386 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Pitney Bowes by 14.6% in the third quarter. Commonwealth Equity Services Inc now owns 56,970 shares of the technology company’s stock worth $798,000 after buying an additional 7,246 shares during the period. 76.07% of the stock is currently owned by hedge funds and other institutional investors.

Pitney Bowes stock opened at $12.43 on Monday. The stock has a market capitalization of $2,321.68, a PE ratio of 8.88 and a beta of 1.12. The company has a debt-to-equity ratio of 18.92, a current ratio of 1.28 and a quick ratio of 1.24. Pitney Bowes has a 12-month low of $9.50 and a 12-month high of $16.25.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Friday, February 16th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Thursday, February 15th. Pitney Bowes’s dividend payout ratio (DPR) is currently 53.57%.

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Pitney Bowes Company Profile

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.

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