Pitney Bowes (NYSE:PBI) Downgraded by Wall Street Zen to Buy

Wall Street Zen cut shares of Pitney Bowes (NYSE:PBI) from a strong-buy rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on PBI. Truist Financial raised their price objective on Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Citizens Jmp lifted their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Weiss Ratings lowered shares of Pitney Bowes from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, October 27th. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a report on Friday, July 31st. Finally, Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.45.

Pitney Bowes Price Performance

Shares of PBI stock opened at $16.31 on Friday. Pitney Bowes has a one year low of $8.95 and a one year high of $19.07. The stock has a market cap of $2.21 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.74. The stock has a fifty day moving average price of $16.94 and a 200 day moving average price of $14.81.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.45%. The firm had revenue of $456.18 million during the quarter, compared to analysts’ expectations of $458.24 million. During the same quarter in the previous year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. Equities research analysts anticipate that Pitney Bowes will post 1.67 EPS for the current year.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 16th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, November 16th. This is a positive change from Pitney Bowes’s previous quarterly dividend of $0.01. Pitney Bowes’s dividend payout ratio (DPR) is presently 31.01%.

Insider Buying and Selling

In other Pitney Bowes news, CEO Kurt Wolf sold 150,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $16.16, for a total transaction of $2,424,000.00. Following the sale, the chief executive officer owned 91,321 shares in the company, valued at $1,475,747.36. This represents a 62.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Deborah Pfeiffer sold 20,000 shares of Pitney Bowes stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $17.11, for a total value of $342,200.00. Following the transaction, the executive vice president directly owned 79,223 shares in the company, valued at approximately $1,355,505.53. This trade represents a 20.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 406,575 shares of company stock valued at $6,882,279 in the last ninety days. Company insiders own 6.50% of the company’s stock.

Hedge Funds Weigh In On Pitney Bowes

A number of large investors have recently bought and sold shares of PBI. BlackRock Inc. purchased a new position in Pitney Bowes in the 2nd quarter worth approximately $220,473,000. Capital Management Corp VA increased its holdings in shares of Pitney Bowes by 0.5% during the third quarter. Capital Management Corp VA now owns 2,404,924 shares of the technology company’s stock valued at $39,248,000 after purchasing an additional 11,351 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Pitney Bowes by 9.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock valued at $25,760,000 after purchasing an additional 193,145 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Pitney Bowes in the 2nd quarter worth approximately $28,683,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Pitney Bowes in the second quarter valued at $27,762,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Key Headlines Impacting Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q3 earnings beat expectations. Pitney Bowes reported adjusted earnings of $0.42 per share, above the $0.36 consensus estimate and up from $0.31 a year earlier. Pitney Bowes Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Dividend increased sharply. The company declared a quarterly dividend of $0.10 per share, or $0.40 annualized, compared with the previous $0.01 quarterly payout. The dividend yield is approximately 2.4%, supporting the stock’s income appeal. Pitney Bowes Approves Quarterly Dividend
• Positive Sentiment: Revenue outlook was maintained or improved relative to expectations. FY 2026 revenue guidance of $1.8 billion to $1.9 billion has a midpoint above the current $1.8 billion consensus estimate, suggesting continued operating momentum despite business-mix challenges. Pitney Bowes Updates FY 2026 Guidance
• Neutral Sentiment: Sidoti raised its estimates for second-quarter and third-quarter FY 2027 EPS to $0.44 and $0.46, respectively, but the changes were mixed across the forecast period.
• Negative Sentiment: FY 2026 EPS guidance fell below expectations. Pitney Bowes now expects EPS of $1.58 to $1.67, versus the $1.68 consensus estimate. The midpoint of $1.625 implies modest downside to analyst expectations. Pitney Bowes Lifts Guidance
• Negative Sentiment: Analyst estimates were reduced. Sidoti cut its FY 2026 EPS forecast to $1.66 from $1.70 and lowered its Q4 2026 forecast to $0.34 from $0.44. Sidoti also reduced its Q4 2027 estimate to $0.42 from $0.49.
• Negative Sentiment: SendTech faces a projected revenue headwind. Management indicated that SendTech revenue could face a $60 million to $80 million headwind in 2027, raising concerns about near-term growth and profit momentum. Pitney Bowes Signals SendTech Revenue Headwind

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.