Somewhat Positive Press Coverage Somewhat Unlikely to Affect Pitney Bowes (PBI) Share Price
News articles about Pitney Bowes (NYSE:PBI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pitney Bowes earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 47.8309746314342 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Pitney Bowes (PBI) Q3 Earnings Miss Estimates, Sales Up Y/Y – Yahoo Finance (finance.yahoo.com)
- Pitney Bowes Inc. — Moody’s revises Pitney Bowes’ outlook to negative (finance.yahoo.com)
- Pitney Bowes, Inc. – Value Analysis (NYSE:PBI) : November 3, 2017 (finance.yahoo.com)
- Pitney Bowes Inc. (PBI) Given New $12.00 Price Target at Loop Capital (americanbankingnews.com)
- Pitney Bowes Dips to New Gulch on Q3 Earnings (baystreet.ca)
Shares of Pitney Bowes (NYSE PBI) traded up $0.06 during midday trading on Friday, reaching $11.25. 5,780,000 shares of the company’s stock traded hands, compared to its average volume of 1,980,000. The company has a market capitalization of $2,100.00, a P/E ratio of 7.22 and a beta of 1.24. Pitney Bowes has a twelve month low of $11.09 and a twelve month high of $16.60. The company has a current ratio of 1.42, a quick ratio of 0.90 and a debt-to-equity ratio of 35.49.
Pitney Bowes (NYSE:PBI) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10). The company had revenue of $842.82 million for the quarter, compared to analyst estimates of $837.60 million. Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. research analysts predict that Pitney Bowes will post 1.42 earnings per share for the current fiscal year.
Several analysts have issued reports on the stock. Loop Capital assumed coverage on shares of Pitney Bowes in a research note on Friday, July 28th. They issued a “hold” rating and a $16.00 price objective for the company. Zacks Investment Research downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Cross Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, Sidoti raised shares of Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Pitney Bowes currently has a consensus rating of “Hold” and an average price target of $14.50.
Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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