Pitney Bowes Inc. (NYSE:PBI) Expected to Earn Q4 2019 Earnings of $0.38 Per Share
Pitney Bowes Inc. (NYSE:PBI) – Analysts at Northcoast Research increased their Q4 2019 EPS estimates for shares of Pitney Bowes in a research note issued on Wednesday, August 7th. Northcoast Research analyst K. Mehta now expects that the technology company will earn $0.38 per share for the quarter, up from their prior estimate of $0.36.
Pitney Bowes (NYSE:PBI) last posted its earnings results on Tuesday, August 6th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $860.78 million during the quarter, compared to analyst estimates of $861.66 million. Pitney Bowes had a net margin of 4.07% and a return on equity of 113.87%. Pitney Bowes’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 EPS.
Pitney Bowes stock traded down $0.10 during midday trading on Friday, reaching $4.02. 147,029 shares of the stock traded hands, compared to its average volume of 2,287,254. The stock has a fifty day moving average price of $4.07. The firm has a market cap of $751.82 million, a price-to-earnings ratio of 3.47 and a beta of 1.92. Pitney Bowes has a fifty-two week low of $3.29 and a fifty-two week high of $8.56. The company has a current ratio of 1.23, a quick ratio of 1.22 and a debt-to-equity ratio of 57.19.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Friday, August 23rd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.20 annualized dividend and a yield of 4.98%. Pitney Bowes’s dividend payout ratio is presently 17.24%.
Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Wealth Inc. bought a new stake in Pitney Bowes in the 1st quarter valued at $65,000. Mercer Global Advisors Inc. ADV bought a new stake in Pitney Bowes in the 1st quarter valued at $71,000. Piedmont Investment Advisors Inc. bought a new stake in Pitney Bowes in the 1st quarter valued at $74,000. Trust Co. of Toledo NA OH bought a new stake in Pitney Bowes in the 2nd quarter valued at $47,000. Finally, Homrich & Berg bought a new stake in Pitney Bowes in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 74.11% of the company’s stock.
About Pitney Bowes
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: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.
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