Pitney Bowes (NYSE:PBI) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.05-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. Pitney Bowes also updated its FY 2019 guidance to $1.05-1.20 EPS.

Shares of PBI stock traded down $0.52 during mid-day trading on Tuesday, reaching $6.23. 225,764 shares of the company were exchanged, compared to its average volume of 2,126,116. Pitney Bowes has a fifty-two week low of $5.51 and a fifty-two week high of $13.33. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 12.25. The company has a market capitalization of $1.32 billion, a P/E ratio of 4.44 and a beta of 1.46.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, February 5th. The technology company reported $0.38 EPS for the quarter, hitting analysts’ consensus estimates of $0.38. The firm had revenue of $947.10 million during the quarter, compared to the consensus estimate of $932.48 million. Pitney Bowes had a net margin of 7.21% and a return on equity of 108.12%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. On average, research analysts predict that Pitney Bowes will post 1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Friday, February 15th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.21%. Pitney Bowes’s dividend payout ratio is presently 53.19%.

A number of research firms have commented on PBI. Zacks Investment Research reaffirmed a sell rating on shares of Pitney Bowes in a report on Monday, December 31st. Maxim Group set a $12.00 price objective on shares of Pitney Bowes and gave the stock a buy rating in a report on Thursday, December 13th.

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Pitney Bowes Company Profile

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: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.

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