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

Pitney Bowes (NYSE:PBI) posted its quarterly earnings data on Thursday. The technology company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03, Briefing.com reports. The firm had revenue of $831.00 million during 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% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS.

Pitney Bowes Price Performance

NYSE:PBI traded up $0.02 during trading hours on Friday, reaching $5.27. The company had a trading volume of 3,468,087 shares, compared to its average volume of 1,580,257. The firm has a market cap of $936.32 million, a PE ratio of -2.43, a price-to-earnings-growth ratio of 35.00 and a beta of 2.14. The business’s 50 day moving average price is $4.18 and its 200-day moving average price is $4.07. Pitney Bowes has a 1-year low of $2.80 and a 1-year high of $5.51.

Pitney Bowes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.80%. Pitney Bowes’s payout ratio is currently -9.22%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note 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.