News articles about Pitney Bowes (NYSE:PBI) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pitney Bowes earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.954641578778 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Austin e-commerce and retail logistics firm acquired by Pitney Bowes for $475M (bizjournals.com)
- Pitney Bowes completes Newgistics, Inc. acquisition (logisticsmgmt.com)
- Pitney Bowes to Showcase Innovative Print, Mail and Customer Engagement Solutions at Print 17 (finance.yahoo.com)
- IDS Selects Pitney Bowes AcceleJet Printing and Finishing System for Productivity, Reliability and Print Quality (finance.yahoo.com)
Shares of Pitney Bowes (NYSE PBI) opened at 12.62 on Monday. The firm has a market cap of $2.36 billion, a P/E ratio of 24.79 and a beta of 1.20. The company’s 50 day moving average price is $13.37 and its 200-day moving average price is $14.07. Pitney Bowes has a 12-month low of $12.31 and a 12-month high of $18.43.
Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $821.40 million for the quarter, compared to analysts’ expectations of $822.90 million. Pitney Bowes had a return on equity of 15,666.66% and a net margin of 3.02%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 EPS. On average, equities research analysts anticipate that Pitney Bowes will post $1.68 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Friday, August 25th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.75 dividend on an annualized basis and a yield of 5.94%. Pitney Bowes’s dividend payout ratio is presently 144.23%.
A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub downgraded Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Sidoti raised Pitney Bowes from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, August 2nd. Finally, Loop Capital assumed coverage on Pitney Bowes in a report on Friday, July 28th. They set a “hold” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Pitney Bowes currently has a consensus rating of “Hold” and a consensus target price of $17.50.
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Pitney Bowes Company Profile
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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