Pitney Bowes (NYSE:PBI) Announces Earnings Results

Pitney Bowes (NYSE:PBI) released its quarterly earnings results on Tuesday. The technology company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.16, Zacks reports. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%. Pitney Bowes updated its FY 2025 guidance to 1.100-1.300 EPS.

Pitney Bowes Stock Up 11.3 %

NYSE PBI opened at $9.73 on Thursday. The stock has a market cap of $1.77 billion, a PE ratio of -4.46, a P/E/G ratio of 0.52 and a beta of 2.01. Pitney Bowes has a fifty-two week low of $3.73 and a fifty-two week high of $9.95. The business has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $7.35.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, EVP Lauren Freemen-Bosworth sold 42,308 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $8.12, for a total value of $343,540.96. Following the transaction, the executive vice president now directly owns 18,664 shares of the company’s stock, valued at $151,551.68. This represents a 69.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul J. Evans purchased 29,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of $7.80 per share, for a total transaction of $226,200.00. Following the completion of the transaction, the director now owns 29,000 shares in the company, valued at approximately $226,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by corporate insiders.

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.