Analysts Offer Predictions for Pitney Bowes Inc.’s Q4 2024 Earnings (NYSE:PBI)

Pitney Bowes Inc. (NYSE:PBI) – Stock analysts at Sidoti Csr lifted their Q4 2024 EPS estimates for Pitney Bowes in a report released on Tuesday, July 2nd. Sidoti Csr analyst A. Lebiedzinski now forecasts that the technology company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.08. The consensus estimate for Pitney Bowes’ current full-year earnings is $0.02 per share. Sidoti Csr also issued estimates for Pitney Bowes’ Q1 2025 earnings at $0.10 EPS and Q2 2025 earnings at $0.05 EPS.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm 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 company’s revenue was down .4% on a year-over-year basis. During the same period last year, the firm earned ($0.01) EPS.

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

Pitney Bowes Stock Performance

PBI opened at $6.27 on Thursday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -2.89, a PEG ratio of 20.83 and a beta of 1.99. The company has a fifty day moving average of $5.11 and a 200 day moving average of $4.48. Pitney Bowes has a fifty-two week low of $2.80 and a fifty-two week high of $6.42.

Hedge Funds Weigh In On Pitney Bowes

A number of institutional investors and hedge funds have recently made changes to their positions in PBI. Invesco Ltd. grew its stake in shares of Pitney Bowes by 13.3% in the 3rd quarter. Invesco Ltd. now owns 2,732,113 shares of the technology company’s stock worth $8,251,000 after buying an additional 321,438 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Pitney Bowes by 10.6% in the 3rd quarter. Federated Hermes Inc. now owns 77,316 shares of the technology company’s stock worth $233,000 after acquiring an additional 7,435 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Pitney Bowes by 301.6% in the 3rd quarter. GSA Capital Partners LLP now owns 378,503 shares of the technology company’s stock worth $1,143,000 after acquiring an additional 284,244 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Pitney Bowes by 8.7% in the 3rd quarter. Westside Investment Management Inc. now owns 765,614 shares of the technology company’s stock worth $2,312,000 after acquiring an additional 61,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Pitney Bowes in the 4th quarter worth about $262,000. 67.88% of the stock is owned by hedge funds and other institutional investors.

Pitney Bowes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 23rd were paid a $0.05 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.19%. Pitney Bowes’s payout ratio is currently -9.22%.

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.