Pitney Bowes (NYSE:PBI) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Pitney Bowes (NYSE:PBI) posted its quarterly earnings results on Friday. The technology company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.08, Zacks reports. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 13.85%. The business had revenue of $499.46 million for the quarter, compared to analyst estimates of $467.80 million.

Pitney Bowes Stock Performance

Shares of Pitney Bowes stock traded up $0.41 on Monday, hitting $7.99. The stock had a trading volume of 3,975,010 shares, compared to its average volume of 1,758,658. The stock has a 50 day moving average of $7.03 and a 200 day moving average of $6.26. Pitney Bowes has a twelve month low of $3.68 and a twelve month high of $8.80. The firm has a market capitalization of $1.43 billion, a P/E ratio of -3.62, a PEG ratio of 1.44 and a beta of 1.97.

Pitney Bowes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, November 18th. Pitney Bowes’s payout ratio is -9.17%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Pitney Bowes from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st.

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.