Pitney Bowes (NYSE:PBI) Sets New 1-Year High Following Better-Than-Expected Earnings

Pitney Bowes Inc. (NYSE:PBI)’s stock price reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $19.07 and last traded at $18.0480, with a volume of 190556 shares trading hands. The stock had previously closed at $17.66.

The technology company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The firm had revenue of $451.50 million for the quarter, compared to the consensus estimate of $453.94 million. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Pitney Bowes has set its FY 2026 guidance at 1.550-1.700 EPS.

Pitney Bowes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 10th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, August 10th. Pitney Bowes’s payout ratio is presently 38.83%.

Analyst Upgrades and Downgrades

Several analysts have commented on PBI shares. Wall Street Zen upgraded Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 25th. Weiss Ratings upgraded Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Citigroup reaffirmed a “market outperform” rating on shares of Pitney Bowes in a report on Tuesday, June 16th. Zacks Research cut Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Bank of America upgraded Pitney Bowes from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $9.50 to $16.50 in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Pitney Bowes presently has a consensus rating of “Hold” and an average price target of $16.43.

Insiders Place Their Bets

In related news, CEO Kurt James Wolf sold 966,561 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total value of $14,092,459.38. Following the sale, the chief executive officer owned 452,628 shares in the company, valued at approximately $6,599,316.24. This trade represents a 68.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 3,349,130 shares of company stock worth $53,285,535 in the last 90 days. 6.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pitney Bowes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Evanson Financial LLC purchased a new position in shares of Pitney Bowes in the 2nd quarter worth $200,000. Baron Wealth Management LLC purchased a new stake in Pitney Bowes during the second quarter valued at $176,000. Pacer Advisors Inc. bought a new position in Pitney Bowes in the first quarter valued at about $12,950,000. Bank of America Corp DE lifted its holdings in Pitney Bowes by 39.5% in the first quarter. Bank of America Corp DE now owns 326,865 shares of the technology company’s stock valued at $3,612,000 after acquiring an additional 92,607 shares during the period. Finally, Kentucky Retirement Systems purchased a new position in Pitney Bowes in the first quarter worth about $184,000. 67.88% of the stock is owned by institutional investors.

Pitney Bowes Trading Up 3.2%

The stock has a 50 day simple moving average of $17.21 and a 200-day simple moving average of $13.69. The firm has a market capitalization of $2.47 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.80 and a beta of 1.62.

Pitney Bowes Company Profile

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.