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

Posted by Financial News Live on May 4th, 2024

Pitney Bowes (NYSE:PBI – Get Free Report) released its quarterly earnings data on Thursday. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03, Briefing.com reports. The company had revenue of $831.00 million during 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%. Pitney Bowes’s revenue was down .4% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share.

Pitney Bowes Price Performance

Shares of NYSE:PBI traded up $0.02 on Friday, hitting $5.27. The company’s stock had a trading volume of 3,468,087 shares, compared to its average volume of 1,580,257. The company has a market capitalization of $936.32 million, a PE ratio of -2.43, a PEG ratio of 35.00 and a beta of 2.14. The company has a 50-day simple moving average of $4.18 and a 200 day simple moving average of $4.07. Pitney Bowes has a 1 year low of $2.80 and a 1 year high of $5.51.

Pitney Bowes Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.80%. Pitney Bowes’s dividend payout ratio is currently -9.22%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a report on Friday.

View Our Latest Analysis on Pitney Bowes

Pitney Bowes Company Profile

(Get Free Report)

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.