Poste Italiane (PITAF) to Release Quarterly Earnings on Wednesday

Poste Italiane (OTCMKTS:PITAF) is projected to release its results before the market opens on Wednesday, February 25th. Analysts expect Poste Italiane to post earnings of $0.4236 per share and revenue of $3.9207 billion for the quarter.

Poste Italiane Price Performance

Poste Italiane stock opened at $27.61 on Tuesday. The company’s 50 day simple moving average is $25.45 and its 200-day simple moving average is $23.59. Poste Italiane has a 1 year low of $17.81 and a 1 year high of $27.61.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PITAF. UBS Group restated a “buy” rating on shares of Poste Italiane in a research note on Monday. Citigroup reissued a “buy” rating on shares of Poste Italiane in a research note on Monday, November 24th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Poste Italiane

Poste Italiane S.p.A., established in 1862, serves as Italy’s primary postal and logistics operator and acts as a key provider of financial and insurance services. Majority owned by the Italian government and publicly listed since 2015, the company leverages a long-standing network of branches and delivery centers to facilitate mail, parcel and express courier services across Italy and through international partnerships.

The company’s operations are organized into several segments. Postal and logistics services encompass mail delivery, parcel shipping, warehouse and supply chain management.