Pitney Bowes Inc. (NYSE:PBI) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.70-1.78 for the period, compared to the Thomson Reuters consensus estimate of $1.74.
Several equities analysts have recently weighed in on the stock. Cross Research downgraded shares of Pitney Bowes from a hold rating to a sell rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Pitney Bowes from a hold rating to a sell rating in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Pitney Bowes from a hold rating to a sell rating in a research note on Wednesday, August 2nd. Sidoti raised shares of Pitney Bowes from a neutral rating to a buy rating and set a $17.00 price target on the stock in a research note on Wednesday, August 2nd. Finally, Loop Capital initiated coverage on shares of Pitney Bowes in a research note on Friday, July 28th. They issued a hold rating and a $16.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Pitney Bowes has an average rating of Hold and an average price target of $17.50.
Shares of Pitney Bowes Inc. (NYSE PBI) opened at 12.74 on Friday. Pitney Bowes Inc. has a 12 month low of $12.31 and a 12 month high of $19.10. The firm has a market capitalization of $2.38 billion, a PE ratio of 25.03 and a beta of 1.17. The firm’s 50 day moving average is $14.41 and its 200-day moving average is $14.15.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Friday, August 25th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, August 23rd. Pitney Bowes’s dividend payout ratio (DPR) is 144.23%.
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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