Pitney Bowes (NYSE:PBI – Get Free Report) posted its quarterly earnings data on Thursday. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.10, RTT News reports. Pitney Bowes had a negative return on equity of 3.09% and a negative net margin of 11.67%. The firm had revenue of $793.17 million for the quarter, compared to analysts’ expectations of $771.65 million. During the same quarter last year, the business earned ($0.02) EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
Pitney Bowes Trading Up 10.7 %
Shares of PBI traded up $0.61 during midday trading on Friday, reaching $6.29. The stock had a trading volume of 8,719,634 shares, compared to its average volume of 2,142,746. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of -2.90, a price-to-earnings-growth ratio of 4.88 and a beta of 1.99. The company’s 50-day moving average is $5.88 and its 200 day moving average is $4.90. Pitney Bowes has a 12-month low of $2.80 and a 12-month high of $7.70.
Pitney Bowes Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, August 22nd. Pitney Bowes’s payout ratio is -9.22%.
Hedge Funds Weigh In On Pitney Bowes
Analyst Ratings Changes
Separately, StockNews.com raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd.
Read Our Latest Stock Report on Pitney Bowes
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.
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