Pitney Bowes (NYSE:PBI) Upgraded to “Buy” by StockNews.com

Posted by on Apr 11th, 2023

StockNews.com upgraded shares of Pitney Bowes (NYSE:PBI – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Pitney Bowes Stock Up 1.4 %

Shares of NYSE PBI opened at $3.74 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 35.82. The company has a 50-day moving average of $4.06 and a 200 day moving average of $3.73. The stock has a market cap of $655.70 million, a PE ratio of 17.81 and a beta of 2.18. Pitney Bowes has a 12-month low of $2.30 and a 12-month high of $5.72.

Pitney Bowes (NYSE:PBI – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.02). Pitney Bowes had a net margin of 1.04% and a return on equity of 62.13%. The company had revenue of $908.69 million during the quarter, compared to analysts’ expectations of $953.48 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was down 7.6% on a year-over-year basis.

Pitney Bowes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Investors of record on Friday, February 17th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.35%. Pitney Bowes’s payout ratio is currently 95.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Point72 Middle East FZE acquired a new position in shares of Pitney Bowes during the fourth quarter worth $34,000. Xponance Inc. purchased a new position in shares of Pitney Bowes during the fourth quarter worth approximately $38,000. Franklin Resources Inc. acquired a new position in shares of Pitney Bowes in the 4th quarter valued at $38,000. Cetera Investment Advisers acquired a new position in shares of Pitney Bowes in the 4th quarter valued at $38,000. Finally, Hoxton Planning & Management LLC purchased a new stake in Pitney Bowes in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 72.13% of the company’s stock.

Pitney Bowes Company Profile

(Get Rating)

Pitney Bowes, Inc is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and Send Technology (SendTech) Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions.

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