Brokerages expect Pitney Bowes Inc. (NYSE:PBI) to announce earnings of $0.40 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Pitney Bowes’ earnings. Pitney Bowes also posted earnings per share of $0.40 in the same quarter last year. The company is scheduled to issue its next quarterly earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Pitney Bowes will report full-year earnings of $1.16 per share for the current year, with EPS estimates ranging from $1.15 to $1.17. For the next fiscal year, analysts anticipate that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.25 to $1.29. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Pitney Bowes.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Thursday, November 1st. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Pitney Bowes had a net margin of 7.21% and a return on equity of 108.12%. The firm had revenue of $832.86 million during the quarter, compared to analyst estimates of $852.67 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Pitney Bowes’s revenue for the quarter was up 13.6% compared to the same quarter last year.

Several research firms have issued reports on PBI. Zacks Investment Research downgraded shares of Pitney Bowes from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. ValuEngine downgraded shares of Pitney Bowes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Finally, Maxim Group set a $12.00 price objective on shares of Pitney Bowes and gave the stock a “buy” rating in a research note on Tuesday, October 23rd.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Pitney Bowes by 25.4% during the second quarter. BlackRock Inc. now owns 24,960,220 shares of the technology company’s stock worth $213,910,000 after buying an additional 5,054,122 shares during the period. Bank of New York Mellon Corp grew its stake in Pitney Bowes by 9.9% during the third quarter. Bank of New York Mellon Corp now owns 6,366,314 shares of the technology company’s stock worth $45,074,000 after buying an additional 573,030 shares during the period. LSV Asset Management grew its stake in Pitney Bowes by 1.6% during the third quarter. LSV Asset Management now owns 5,644,082 shares of the technology company’s stock worth $39,960,000 after buying an additional 89,980 shares during the period. Northern Trust Corp grew its stake in Pitney Bowes by 78.9% during the second quarter. Northern Trust Corp now owns 2,927,165 shares of the technology company’s stock worth $25,087,000 after buying an additional 1,291,265 shares during the period. Finally, Voya Investment Management LLC grew its stake in Pitney Bowes by 44.2% during the second quarter. Voya Investment Management LLC now owns 2,881,862 shares of the technology company’s stock worth $24,698,000 after buying an additional 883,365 shares during the period. Institutional investors own 72.64% of the company’s stock.

PBI stock traded down $0.22 on Monday, hitting $7.80. 1,966,100 shares of the company were exchanged, compared to its average volume of 2,345,912. Pitney Bowes has a twelve month low of $6.43 and a twelve month high of $14.80. The company has a debt-to-equity ratio of 12.25, a quick ratio of 1.16 and a current ratio of 1.19. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 5.53 and a beta of 0.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $0.75 annualized dividend and a yield of 9.62%. Pitney Bowes’s dividend payout ratio is currently 53.19%.

Pitney Bowes Company Profile

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.

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