Pitney Bowes (NYSE:PBI) released its quarterly earnings data on Wednesday. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03, Bloomberg Earnings reports. Pitney Bowes had a return on equity of 379.85% and a net margin of 7.36%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.53 EPS. Pitney Bowes’s revenue for the quarter was up 18.3% on a year-over-year basis. Pitney Bowes updated its FY18 guidance to $1.40-1.55 EPS.
Pitney Bowes (PBI) opened at $13.92 on Friday. The stock has a market capitalization of $2,634.73 and a PE ratio of 9.94. The company has a debt-to-equity ratio of 18.34, a current ratio of 1.28 and a quick ratio of 1.37. Pitney Bowes has a 12-month low of $9.50 and a 12-month high of $16.25.
Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position in Pitney Bowes by 23.1% in the third quarter. Meeder Asset Management Inc. now owns 64,824 shares of the technology company’s stock worth $909,000 after purchasing an additional 12,180 shares during the last quarter. Gotham Asset Management LLC boosted its position in Pitney Bowes by 50.0% in the second quarter. Gotham Asset Management LLC now owns 398,026 shares of the technology company’s stock worth $6,010,000 after purchasing an additional 132,684 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Pitney Bowes in the third quarter worth about $472,000. Steward Partners Investment Advisory LLC purchased a new position in Pitney Bowes in the third quarter worth about $467,000. Finally, TrueNorth Inc. boosted its position in Pitney Bowes by 54.6% in the third quarter. TrueNorth Inc. now owns 122,447 shares of the technology company’s stock worth $1,715,000 after purchasing an additional 43,228 shares during the last quarter. 73.50% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Pitney Bowes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pitney Bowes and related companies with MarketBeat.com's FREE daily email newsletter.