Pitney Bowes (NYSE:PBI) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Pitney Bowes (NYSE:PBI) announced its quarterly earnings data on Thursday. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03, Briefing.com reports. The business had revenue of $831.00 million for the quarter, compared to analyst estimates of $797.00 million. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. Pitney Bowes’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.01) earnings per share.

Pitney Bowes Trading Up 0.4 %

PBI traded up $0.02 during mid-day trading on Friday, hitting $5.27. The stock had a trading volume of 3,468,087 shares, compared to its average volume of 1,580,257. The stock’s fifty day simple moving average is $4.18 and its 200-day simple moving average is $4.07. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $5.51.

Pitney Bowes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.20 annualized dividend and a yield of 3.80%. Pitney Bowes’s dividend payout ratio (DPR) is presently -9.22%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a report on Friday.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.