StockNews.com began coverage on shares of Pitney Bowes (NYSE:PBI – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.
Pitney Bowes Stock Performance
PBI opened at $3.66 on Thursday. The business’s 50 day moving average is $4.30 and its 200-day moving average is $3.62. The stock has a market cap of $641.67 million, a PE ratio of 17.43 and a beta of 2.22. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 35.82. Pitney Bowes has a twelve month low of $2.30 and a twelve month high of $5.72.
Pitney Bowes (NYSE:PBI – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The business had revenue of $908.69 million for the quarter, compared to the consensus estimate of $953.48 million. Pitney Bowes had a net margin of 1.04% and a return on equity of 62.13%. The business’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 EPS.
Pitney Bowes Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in PBI. D.A. Davidson & CO. acquired a new position in shares of Pitney Bowes during the third quarter valued at approximately $27,000. Gamco Investors INC. ET AL acquired a new position in shares of Pitney Bowes during the third quarter valued at approximately $28,000. Baird Financial Group Inc. acquired a new position in shares of Pitney Bowes during the third quarter valued at approximately $28,000. Sage Rhino Capital LLC acquired a new position in shares of Pitney Bowes during the third quarter valued at approximately $31,000. Finally, Point72 Middle East FZE acquired a new position in shares of Pitney Bowes during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 72.13% of the company’s stock.
Pitney Bowes Company Profile
Pitney Bowes, Inc is a technology company, which engages in the provision of products and solutions in the commerce industry. It operates through the following segments: Global Ecommerce, Presort Services, and Send Technology (SendTech) Solutions. The Global Ecommerce segment includes products and services that facilitate domestic retail and ecommerce shipping solutions, including fulfillment and returns, and global cross-border ecommerce transactions.
- Get a free copy of the StockNews.com research report on Pitney Bowes (PBI)
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