Wall Street brokerages predict that Pitney Bowes Inc. (NYSE:PBI) will announce $0.25 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Pitney Bowes’ earnings. Pitney Bowes posted earnings of $0.33 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 24.2%. The business is expected to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Pitney Bowes will report full year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.15 to $1.17. For the next year, analysts expect that the firm will report earnings of $1.27 per share, with EPS estimates ranging from $1.25 to $1.29. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Pitney Bowes.

Pitney Bowes (NYSE:PBI) last posted its earnings results on Wednesday, August 1st. The technology company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The business had revenue of $861.00 million during the quarter, compared to the consensus estimate of $854.03 million. Pitney Bowes had a return on equity of 138.42% and a net margin of 6.66%. Pitney Bowes’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS.

PBI has been the subject of several analyst reports. Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th. ValuEngine upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Maxim Group initiated coverage on Pitney Bowes in a research report on Thursday, May 31st. They set a “buy” rating and a $12.00 target price for the company.

Several institutional investors have recently bought and sold shares of PBI. Point72 Asia Hong Kong Ltd bought a new position in Pitney Bowes in the 1st quarter valued at $132,000. Element Capital Management LLC bought a new position in Pitney Bowes in the 1st quarter valued at $135,000. New Jersey Better Educational Savings Trust bought a new position in Pitney Bowes in the 2nd quarter valued at $171,000. Wedbush Securities Inc. bought a new position in Pitney Bowes in the 2nd quarter valued at $184,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Pitney Bowes in the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 72.18% of the company’s stock.

Shares of Pitney Bowes stock traded up $0.05 during midday trading on Friday, hitting $7.21. 1,728,400 shares of the company were exchanged, compared to its average volume of 2,326,875. The company has a debt-to-equity ratio of 16.56, a current ratio of 1.23 and a quick ratio of 1.20. The company has a market capitalization of $1.34 billion, a PE ratio of 5.06 and a beta of 1.00. Pitney Bowes has a 52 week low of $6.88 and a 52 week high of $14.80.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Friday, August 24th were given a dividend of $0.1875 per share. The ex-dividend date was Thursday, August 23rd. This represents a $0.75 annualized dividend and a dividend yield of 10.40%. Pitney Bowes’s dividend payout ratio (DPR) is presently 53.19%.

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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