Pitney Bowes Inc. (PBI) Scheduled to Post Quarterly Earnings on Wednesday

Pitney Bowes Inc. (NYSE:PBI) is scheduled to announce its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Pitney Bowes has set its FY17 guidance at $1.70-1.78 EPS.

Pitney Bowes (NYSE:PBI) last issued its earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The company had revenue of $821.40 million during the quarter, compared to analysts’ expectations of $822.90 million. During the same period last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts expect Pitney Bowes to post $1.68 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.

Pitney Bowes Inc. (NYSE PBI) opened at 13.86 on Monday. The firm has a 50-day moving average of $13.61 and a 200-day moving average of $14.19. The stock has a market capitalization of $2.59 billion, a PE ratio of 27.23 and a beta of 1.21. Pitney Bowes Inc. has a one year low of $12.31 and a one year high of $18.20.

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A number of analysts have recently weighed in on the stock. Cross Research lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, 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 target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $17.67.

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.

Earnings History for Pitney Bowes (NYSE:PBI)

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