Pitney Bowes (PBI) Receives Coverage Optimism Rating of 0.22
Press coverage about Pitney Bowes (NYSE:PBI) has been trending somewhat positive this week, Alpha One Sentiment Analysis reports. Alpha One, a subsidiary of Accern, identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pitney Bowes earned a coverage optimism score of 0.22 on Alpha One’s scale. Alpha One also gave press coverage about the technology company an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Alpha One Sentiment Analysis’s rankings:
- Pitney Bowes Announces Winners of the 2017 Ship Smarter Awards – Business Wire (press release) (businesswire.com)
- Overview of Price Move: Pitney Bowes Inc. (PBI) – Morning Times (wallstreetmorning.com)
- Trading Monitor: Zooming in on Shares of Pitney Bowes Inc (PBI) – Financial News Review (finnewsreview.com)
- Pitney Bowes Inc (PBI) Moves Above Ichimoku Cloud – Evergreen Caller (evergreencaller.com)
Shares of Pitney Bowes (NYSE PBI) traded down 0.39% during midday trading on Friday, hitting $15.25. 1,579,977 shares of the company were exchanged. The firm has a market cap of $2.84 billion, a P/E ratio of 28.61 and a beta of 1.19. The company’s 50 day moving average price is $15.14 and its 200 day moving average price is $14.48. Pitney Bowes has a one year low of $12.31 and a one year high of $19.33.
Pitney Bowes (NYSE:PBI) last announced its earnings results on Tuesday, May 2nd. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $836.60 million for the quarter, compared to analysts’ expectations of $817.07 million. Pitney Bowes had a return on equity of 2,282.68% and a net margin of 3.28%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.34 earnings per share. Equities analysts expect that Pitney Bowes will post $1.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 26th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend was Wednesday, May 24th. Pitney Bowes’s payout ratio is presently 138.89%.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Monday, May 22nd. Sidoti downgraded shares of Pitney Bowes from a “buy” rating to a “neutral” rating in a report on Monday, May 15th. Finally, ValuEngine downgraded shares of Pitney Bowes from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $18.50.
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In other Pitney Bowes news, Director Linda S. Sanford bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $15.09 per share, for a total transaction of $75,450.00. Following the completion of the acquisition, the director now owns 18,690 shares of the company’s stock, valued at $282,032.10. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.01% of the stock is currently owned by corporate insiders.
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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