Pitney Bowes Stock Sees Q1 Earnings Forecast Cut at Sidoti

Pitney Bowes Inc. (NYSE:PBI) – Equities researchers at Sidoti reduced their Q1 2027 EPS estimates for Pitney Bowes in a research note issued on Friday, October 30th. Sidoti analyst A. Lebiedzinski now anticipates that the technology company will earn $0.45 per share for the quarter, down from their previous forecast of $0.48. The consensus estimate for Pitney Bowes’ current full-year earnings is $1.67 per share. Sidoti also issued estimates for Pitney Bowes’ Q2 2027 earnings at $0.45 EPS, FY2027 earnings at $1.75 EPS, Q1 2028 earnings at $0.47 EPS, Q2 2028 earnings at $0.51 EPS, Q3 2028 earnings at $0.48 EPS and FY2028 earnings at $2.00 EPS.

A number of other equities analysts also recently weighed in on the company. Citizens Jmp boosted their target price on Pitney Bowes from $19.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.30 target price on shares of Pitney Bowes in a research report on Thursday, July 30th. Weiss Ratings cut Pitney Bowes from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. Zacks Research downgraded shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Wall Street Zen downgraded shares of Pitney Bowes from a “strong-buy” rating to a “buy” rating in a report on Sunday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.45.

Pitney Bowes Stock Performance

NYSE:PBI opened at $16.15 on Monday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.66. Pitney Bowes has a 52 week low of $8.95 and a 52 week high of $19.07. The firm has a 50-day moving average price of $16.93 and a two-hundred day moving average price of $14.83.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. Pitney Bowes had a net margin of 10.10% and a negative return on equity of 30.30%. The company had revenue of $456.18 million for the quarter, compared to analyst estimates of $458.24 million. During the same period last year, the firm earned $0.31 earnings per share. The firm’s revenue was down .8% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PBI. Claro Advisors Inc. raised its holdings in shares of Pitney Bowes by 37.1% during the third quarter. Claro Advisors Inc. now owns 13,904 shares of the technology company’s stock valued at $227,000 after acquiring an additional 3,763 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Pitney Bowes by 8.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 30,748 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,400 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in Pitney Bowes during the 3rd quarter valued at $389,000. Capital Management Corp VA increased its position in Pitney Bowes by 0.5% during the 3rd quarter. Capital Management Corp VA now owns 2,404,924 shares of the technology company’s stock valued at $39,248,000 after purchasing an additional 11,351 shares during the period. Finally, State of Wyoming increased its position in Pitney Bowes by 5.5% during the 3rd quarter. State of Wyoming now owns 48,540 shares of the technology company’s stock valued at $792,000 after purchasing an additional 2,533 shares during the period. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Insider Activity

In other Pitney Bowes news, EVP Todd A. Everett sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $18.07, for a total value of $451,750.00. Following the completion of the transaction, the executive vice president owned 96,048 shares in the company, valued at $1,735,587.36. This trade represents a 20.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kurt Wolf sold 150,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $17.31, for a total transaction of $2,596,500.00. Following the completion of the transaction, the chief executive officer directly owned 109,254 shares in the company, valued at approximately $1,891,186.74. The trade was a 57.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 608,092 shares of company stock valued at $10,215,751 in the last 90 days. Insiders own 6.50% of the company’s stock.

Pitney Bowes Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Shareholders of record on Monday, November 16th will be paid a $0.10 dividend. The ex-dividend date is Monday, November 16th. This is a boost from Pitney Bowes’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. Pitney Bowes’s dividend payout ratio is presently 31.01%.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE:PBI) is a global technology and services company that helps businesses manage mailing, shipping and related communications. Its offerings include postage meters, mailing systems, shipping software, parcel management tools, address and data services, and equipment financing and support.

The company serves small businesses, large enterprises and government organizations through solutions designed to streamline the preparation, processing and delivery of physical mail and packages.