FY2024 EPS Estimates for Pitney Bowes Raised by Sidoti Csr

Pitney Bowes Inc. (NYSE:PBI) – Equities researchers at Sidoti Csr boosted their FY2024 earnings per share estimates for Pitney Bowes in a research note issued on Friday, January 24th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the technology company will post earnings of $0.40 per share for the year, up from their prior forecast of $0.38. The consensus estimate for Pitney Bowes’ current full-year earnings is $0.38 per share. Sidoti Csr also issued estimates for Pitney Bowes’ Q4 2024 earnings at $0.16 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.26 EPS, Q4 2025 earnings at $0.25 EPS, FY2025 earnings at $1.12 EPS, Q2 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.23 EPS.

Pitney Bowes Trading Down 3.8 %

Shares of NYSE:PBI opened at $8.89 on Monday. Pitney Bowes has a 1 year low of $3.68 and a 1 year high of $9.29. The business has a fifty day simple moving average of $7.64 and a 200 day simple moving average of $7.21. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -4.08, a P/E/G ratio of 0.45 and a beta of 2.00.

Pitney Bowes (NYSE:PBI) last released its earnings results on Friday, November 8th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. The company had revenue of $499.46 million during the quarter, compared to analyst estimates of $467.80 million.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Pitney Bowes by 3.8% in the 2nd quarter. Renaissance Technologies LLC now owns 519,571 shares of the technology company’s stock worth $2,639,000 after purchasing an additional 19,000 shares during the period. XTX Topco Ltd bought a new position in Pitney Bowes during the second quarter worth about $128,000. Public Sector Pension Investment Board lifted its position in shares of Pitney Bowes by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 342,425 shares of the technology company’s stock valued at $1,740,000 after buying an additional 24,078 shares during the last quarter. Marshall Wace LLP raised its stake in Pitney Bowes by 248.1% in the 2nd quarter. Marshall Wace LLP now owns 706,302 shares of the technology company’s stock valued at $3,588,000 after acquiring an additional 503,378 shares during the period. Finally, Point72 DIFC Ltd boosted its position in Pitney Bowes by 218.0% during the second quarter. Point72 DIFC Ltd now owns 11,405 shares of the technology company’s stock worth $58,000 after purchasing an additional 7,819 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

Insider Buying and Selling

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of Pitney Bowes stock in a transaction on Monday, January 27th. The stock was sold at an average price of $9.02, for a total value of $315,700.00. Following the completion of the transaction, the executive vice president now owns 124,124 shares in the company, valued at approximately $1,119,598.48. The trade was a 22.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lauren Freemen-Bosworth sold 42,308 shares of Pitney Bowes stock in a transaction on Friday, November 29th. The shares were sold at an average price of $8.12, for a total value of $343,540.96. Following the completion of the sale, the executive vice president now directly owns 18,664 shares of the company’s stock, valued at $151,551.68. This trade represents a 69.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.30% of the stock is owned by insiders.

Pitney Bowes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, November 18th. Pitney Bowes’s payout ratio is -9.17%.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.