Pitney Bowes (NYSE:PBI) Releases Earnings Results, Beats Expectations By $0.03 EPS

Pitney Bowes (NYSE:PBI) posted its quarterly earnings results on Thursday. The technology company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03, Briefing.com reports. The business had revenue of $831.00 million during the quarter, compared to the consensus estimate of $797.00 million. Pitney Bowes had a negative return on equity of 3.09% and a negative net margin of 11.67%. The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share.

Pitney Bowes Stock Performance

PBI stock traded up $0.02 during midday trading on Friday, reaching $5.27. The company had a trading volume of 3,468,087 shares, compared to its average volume of 1,580,257. The stock has a 50 day moving average price of $4.18 and a 200 day moving average price of $4.07. Pitney Bowes has a fifty-two week low of $2.80 and a fifty-two week high of $5.51.

Pitney Bowes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Thursday, May 23rd will be paid a $0.05 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.80%. Pitney Bowes’s dividend payout ratio (DPR) is -9.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Friday.

Pitney Bowes Company Profile

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.