Shares of Pitney Bowes Inc. (NYSE:PBI) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.50.
A number of brokerages have weighed in on PBI. Zacks Investment Research lowered shares of Pitney Bowes from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Loop Capital decreased their price target on shares of Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, November 2nd. ValuEngine upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub upgraded shares of Pitney Bowes from a “sell” rating to a “hold” rating in a report on Saturday, August 26th.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Eaton Vance Management boosted its holdings in shares of Pitney Bowes by 0.3% in the 2nd quarter. Eaton Vance Management now owns 54,293 shares of the technology company’s stock valued at $820,000 after purchasing an additional 142 shares during the last quarter. Ifrah Financial Services Inc. raised its stake in shares of Pitney Bowes by 1.3% in the 2nd quarter. Ifrah Financial Services Inc. now owns 18,025 shares of the technology company’s stock valued at $272,000 after acquiring an additional 238 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Pitney Bowes by 1.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,054 shares of the technology company’s stock valued at $227,000 after acquiring an additional 251 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pitney Bowes by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,041 shares of the technology company’s stock valued at $106,000 after acquiring an additional 748 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Pitney Bowes by 1.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 60,488 shares of the technology company’s stock valued at $913,000 after acquiring an additional 784 shares during the period. Institutional investors own 73.74% of the company’s stock.
Pitney Bowes (NYSE:PBI) last announced its earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.10). The firm had revenue of $842.82 million for the quarter, compared to analyst estimates of $837.60 million. Pitney Bowes had a negative return on equity of 5,297.85% and a net margin of 2.64%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. analysts anticipate that Pitney Bowes will post 1.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were issued a $0.1875 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 6.59%. Pitney Bowes’s dividend payout ratio (DPR) is presently 156.25%.
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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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