Pitney Bowes (NYSE:PBI) Downgraded by ValuEngine

ValuEngine downgraded shares of Pitney Bowes (NYSE:PBI) from a sell rating to a strong sell rating in a research report report published on Thursday, ValuEngine reports.

Separately, Maxim Group set a $9.00 price objective on shares of Pitney Bowes and gave the company a buy rating in a research report on Friday, May 31st.

NYSE PBI opened at $3.47 on Thursday. The stock has a market cap of $552.01 million, a price-to-earnings ratio of 2.99 and a beta of 1.92. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 57.19. Pitney Bowes has a 12 month low of $3.14 and a 12 month high of $8.56. The company’s 50 day moving average is $4.00 and its two-hundred day moving average is $5.51.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $860.78 million for the quarter, compared to analysts’ expectations of $861.66 million. Pitney Bowes had a net margin of 4.07% and a return on equity of 113.87%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share. Sell-side analysts forecast that Pitney Bowes will post 0.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, August 22nd. Pitney Bowes’s payout ratio is currently 17.24%.

Institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in Pitney Bowes in the second quarter worth $47,000. Homrich & Berg bought a new stake in Pitney Bowes in the second quarter worth $53,000. First Quadrant L P CA bought a new stake in Pitney Bowes in the second quarter worth $54,000. Financial Gravity Wealth Inc. bought a new stake in Pitney Bowes in the first quarter worth $65,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Pitney Bowes in the first quarter worth $71,000. Hedge funds and other institutional investors own 74.66% of the company’s stock.

Pitney Bowes Company Profile

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Commerce Services; Small & Medium Business Solutions; and Software Solutions. The Commerce Services segment provides cross-border e-commerce solutions, domestic retail and e-commerce shipping solutions, fulfillment, and delivery and return services; and mail sortation services that allow clients to qualify large volumes of first class mail, marketing mail, and bound and packet mail for postal work sharing discounts.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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