Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Pitney Bowes (PBI) Stock Price

Press coverage about Pitney Bowes (NYSE:PBI) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Pitney Bowes earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.2456807058965 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

PBI has been the topic of a number of recent analyst reports. ValuEngine upgraded Pitney Bowes from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub upgraded Pitney Bowes from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, Loop Capital dropped their price objective on Pitney Bowes from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.50.

Pitney Bowes (NYSE PBI) opened at $11.22 on Wednesday. Pitney Bowes has a 12 month low of $9.50 and a 12 month high of $16.60. The company has a debt-to-equity ratio of 35.49, a quick ratio of 1.37 and a current ratio of 1.42. The stock has a market capitalization of $2,037.20, a PE ratio of 7.04 and a beta of 1.12.

Pitney Bowes (NYSE:PBI) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.10). Pitney Bowes had a net margin of 2.64% and a negative return on equity of 5,297.85%. The firm had revenue of $842.82 million for the quarter, compared to the consensus estimate of $837.60 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s revenue was up .5% on a year-over-year basis. equities analysts anticipate that Pitney Bowes will post 1.38 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were paid a dividend of $0.1875 per share. The ex-dividend date was Monday, November 20th. This represents a $0.75 annualized dividend and a yield of 6.68%. Pitney Bowes’s dividend payout ratio is 156.25%.

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About Pitney Bowes

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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