Pitney Bowes (NYSE:PBI) Stock Price Passes Above 200-Day Moving Average of $4.40

Pitney Bowes Inc. (NYSE:PBIGet Free Report)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.40 and traded as high as $5.08. Pitney Bowes shares last traded at $4.88, with a volume of 1,455,536 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd.

Get Our Latest Report on PBI

Pitney Bowes Price Performance

The firm has a 50-day moving average price of $4.89 and a two-hundred day moving average price of $4.41. The company has a market capitalization of $858.60 million, a price-to-earnings ratio of -2.21, a PEG ratio of 16.27 and a beta of 2.02.

Pitney Bowes (NYSE:PBIGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $831.00 million for the quarter, compared to the consensus estimate of $797.00 million. Pitney Bowes had a negative net margin of 11.67% and a negative return on equity of 3.09%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned ($0.01) earnings per share. On average, equities analysts predict that Pitney Bowes Inc. will post 0.02 EPS for the current year.

Pitney Bowes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Thursday, May 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, May 22nd. Pitney Bowes’s payout ratio is -9.22%.

Institutional Trading of Pitney Bowes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI acquired a new position in shares of Pitney Bowes during the 4th quarter worth approximately $30,000. CenterBook Partners LP bought a new position in Pitney Bowes during the third quarter worth about $33,000. William Howard & Co Financial Advisors Inc acquired a new position in Pitney Bowes during the first quarter worth approximately $52,000. Envestnet Portfolio Solutions Inc. bought a new stake in Pitney Bowes in the fourth quarter valued at approximately $55,000. Finally, SageView Advisory Group LLC acquired a new stake in shares of Pitney Bowes in the first quarter valued at approximately $57,000. Institutional investors own 67.88% of the company’s stock.

Pitney Bowes Company Profile

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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.

Further Reading

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