Pitney Bowes (NYSE:PBI) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Pitney Bowes (NYSE:PBI) issued its earnings results on Tuesday. The technology company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07, FiscalAI reports. The business had revenue of $477.63 million during the quarter, compared to analysts’ expectations of $482.47 million. Pitney Bowes had a negative return on equity of 38.38% and a net margin of 4.14%.

Pitney Bowes Price Performance

Shares of PBI remained flat at $10.25 during trading hours on Tuesday. The stock had a trading volume of 2,780,419 shares, compared to its average volume of 1,775,407. Pitney Bowes has a one year low of $7.39 and a one year high of $13.11. The company has a market cap of $1.65 billion, a PE ratio of 22.78, a PEG ratio of 0.48 and a beta of 1.41. The stock has a 50 day moving average price of $10.42 and a 200-day moving average price of $10.76.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC increased its position in Pitney Bowes by 172.7% in the 4th quarter. Jump Financial LLC now owns 215,503 shares of the technology company’s stock valued at $2,278,000 after buying an additional 136,490 shares in the last quarter. Weiss Asset Management LP raised its stake in shares of Pitney Bowes by 82.1% during the 4th quarter. Weiss Asset Management LP now owns 67,134 shares of the technology company’s stock worth $710,000 after purchasing an additional 30,261 shares during the period. Entropy Technologies LP purchased a new stake in Pitney Bowes in the fourth quarter worth $378,000. Barclays PLC increased its stake in shares of Pitney Bowes by 12.3% in the fourth quarter. Barclays PLC now owns 690,094 shares of the technology company’s stock worth $7,294,000 after purchasing an additional 75,813 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Pitney Bowes by 4,164.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,823 shares of the technology company’s stock worth $72,000 after acquiring an additional 6,663 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Wall Street Analyst Weigh In

PBI has been the subject of several analyst reports. The Goldman Sachs Group initiated coverage on shares of Pitney Bowes in a report on Monday, November 3rd. They set a “neutral” rating and a $11.00 price target for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Pitney Bowes in a research report on Monday, December 29th. Citizens Jmp set a $13.00 target price on shares of Pitney Bowes in a research report on Wednesday, December 3rd. Truist Financial started coverage on Pitney Bowes in a research note on Friday, December 12th. They set a “hold” rating and a $11.00 price objective for the company. Finally, Zacks Research raised Pitney Bowes from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pitney Bowes has an average rating of “Hold” and an average target price of $11.00.

About Pitney Bowes

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.