Pitney Bowes (NYSE:PBI) Releases Earnings Results

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

Pitney Bowes Trading Up 0.4 %

NYSE:PBI traded up $0.02 during midday trading on Friday, hitting $5.27. 3,468,087 shares of the company were exchanged, compared to its average volume of 1,580,257. Pitney Bowes has a fifty-two week low of $2.80 and a fifty-two week high of $5.51. The company has a market capitalization of $936.32 million, a PE ratio of -2.43, a price-to-earnings-growth ratio of 35.00 and a beta of 2.14. The company has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $4.07.

Pitney Bowes Dividend Announcement

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

Analysts Set New Price Targets

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

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.