Sidoti Issues Pessimistic Outlook for Pitney Bowes Earnings

Pitney Bowes Inc. (NYSE:PBI – Free Report) – Equities research analysts at Sidoti decreased their Q1 2027 earnings per share (EPS) estimates for Pitney Bowes in a note issued to investors on Friday, October 30th. Sidoti analyst A. Lebiedzinski now anticipates that the technology company will post earnings of $0.45 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for Pitney Bowes’ current full-year earnings is $1.67 per share. Sidoti also issued estimates for Pitney Bowes’ Q2 2027 earnings at $0.45 EPS, FY2027 earnings at $1.75 EPS, Q1 2028 earnings at $0.47 EPS, Q2 2028 earnings at $0.51 EPS, Q3 2028 earnings at $0.48 EPS and FY2028 earnings at $2.00 EPS.

PBI has been the subject of several other research reports. Weiss Ratings lowered shares of Pitney Bowes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Citizens Jmp raised their price objective on shares of Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a report on Friday, July 31st. Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a research report on Friday, July 31st. Wall Street Zen lowered shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Truist Financial upped their target price on shares of Pitney Bowes from $15.00 to $18.00 and gave the company a “hold” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pitney Bowes currently has a consensus rating of “Hold” and an average target price of $18.45.

View Our Latest Research Report on Pitney Bowes

Pitney Bowes Stock Performance

Shares of NYSE:PBI opened at $15.50 on Monday. The stock’s 50-day simple moving average is $16.91 and its two-hundred day simple moving average is $14.86. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 0.65 and a beta of 1.74. Pitney Bowes has a 52-week low of $8.95 and a 52-week high of $19.07.

Pitney Bowes (NYSE:PBI – Get Free Report) last posted its earnings results on Wednesday, October 28th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Pitney Bowes had a negative return on equity of 30.45% and a net margin of 10.10%. The company had revenue of $456.18 million for the quarter, compared to the consensus estimate of $458.24 million. During the same quarter in the prior year, the company earned $0.31 earnings per share. Pitney Bowes’s revenue was down .8% on a year-over-year basis.

Pitney Bowes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.10 per share. This is an increase from Pitney Bowes’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 16th. Pitney Bowes’s payout ratio is presently 31.01%.

Insider Buying and Selling at Pitney Bowes

In other news, CEO Kurt Wolf sold 150,000 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $17.31, for a total value of $2,596,500.00. Following the completion of the sale, the chief executive officer directly owned 109,254 shares of the company’s stock, valued at $1,891,186.74. This represents a 57.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Deborah Pfeiffer sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $17.11, for a total transaction of $342,200.00. Following the sale, the executive vice president owned 79,223 shares in the company, valued at $1,355,505.53. The trade was a 20.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 583,092 shares of company stock valued at $9,764,001 over the last 90 days. 6.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Pitney Bowes in the second quarter worth about $220,473,000. Capital Management Corp VA boosted its position in shares of Pitney Bowes by 0.5% during the third quarter. Capital Management Corp VA now owns 2,404,924 shares of the technology company’s stock worth $39,248,000 after acquiring an additional 11,351 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Pitney Bowes by 9.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,331,315 shares of the technology company’s stock worth $25,760,000 after acquiring an additional 193,145 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Pitney Bowes during the second quarter valued at $28,683,000. Finally, Hsbc Holdings PLC purchased a new position in Pitney Bowes during the second quarter valued at $27,762,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Key Headlines Impacting Pitney Bowes

Here are the key news stories impacting Pitney Bowes this week:

  • Positive Sentiment: Pitney Bowes raised its quarterly dividend to $0.10 per share from $0.01, equivalent to $0.40 annually and a yield of about 2.5% at the cited share price.
  • Neutral Sentiment: Sidoti revised its 2027 quarterly EPS estimates in opposite directions: it cut Q3 to $0.41 from $0.46, but raised Q4 to $0.44 from $0.42. The company’s latest reported quarter also beat EPS expectations ($0.42 versus $0.36), though revenue slightly missed estimates and declined year over year.
  • Negative Sentiment: CEO Kurt Wolf disclosed sales of 51,517 shares on Oct. 29 and 150,000 shares on Nov. 2. The large transactions—and the resulting reduction in his reported holdings—could concern investors about insider confidence. Insider-sale report

Pitney Bowes Company Profile

(Get Free Report)

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.

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Earnings History and Estimates for Pitney Bowes (NYSE:PBI)

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