Pitney Bowes Inc. (NYSE:PBI) issued its quarterly earnings results on Wednesday. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.10), Bloomberg Earnings reports. The business had revenue of $842.82 million during the quarter, compared to the consensus estimate of $837.60 million. Pitney Bowes had a return on equity of 15,666.66% and a net margin of 3.02%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share.
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Several research analysts recently issued reports 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 upgraded 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Pitney Bowes currently has an average rating of “Hold” and a consensus target price of $17.67.
About Pitney Bowes
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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