Pitney Bowes (NYSE:PBI) Announces Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Pitney Bowes (NYSE:PBI) announced its quarterly earnings results on Wednesday. The technology company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09, Zacks reports. Pitney Bowes had a net margin of 8.92% and a negative return on equity of 33.41%. The business had revenue of $451.50 million during the quarter, compared to analyst estimates of $453.94 million. During the same quarter in the previous year, the business posted $0.27 EPS. Pitney Bowes’s quarterly revenue was down 2.4% on a year-over-year basis. Pitney Bowes updated its FY 2026 guidance to 1.550-1.700 EPS.

Pitney Bowes Price Performance

Shares of PBI stock traded up $0.49 during mid-day trading on Thursday, hitting $18.15. The company had a trading volume of 537,854 shares, compared to its average volume of 2,751,509. The company has a market capitalization of $2.46 billion, a P/E ratio of 17.58, a P/E/G ratio of 0.80 and a beta of 1.62. Pitney Bowes has a 52-week low of $8.95 and a 52-week high of $19.07. The stock’s 50 day moving average price is $17.21 and its 200-day moving average price is $13.69.

Pitney Bowes Announces Dividend

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

Pitney Bowes News Roundup

Here are the key news stories impacting Pitney Bowes this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted earnings were $0.43 per share, above the $0.34 analyst consensus and up from $0.27 a year earlier. GAAP net income increased 66% to $49.9 million. Pitney Bowes Q2 earnings report
• Positive Sentiment: Improved outlook and balance sheet: Pitney Bowes raised its full-year adjusted EBIT, adjusted EPS and adjusted free-cash-flow outlooks while maintaining revenue guidance of approximately $1.8 billion to $1.9 billion. The company also reduced debt by $201 million from the end of the first quarter through July 29 and repurchased 4.5 million shares for $53 million. Pitney Bowes Q2 operating update
• Positive Sentiment: Dividend maintained: The board declared a quarterly dividend payable September 8 to shareholders of record August 10. The reported dividend is $0.10 per share, although a separate announcement lists $0.01, creating a discrepancy that investors may want to verify. Pitney Bowes dividend announcement
• Negative Sentiment: Revenue remains under pressure: Second-quarter revenue fell 2.4% year over year to $451.5 million, slightly below the $453.9 million consensus estimate. SendTech Solutions revenue declined 1%, while Presort Services revenue dropped 5%. Full-year EPS guidance of $1.55 to $1.70 is centered near the $1.62 analyst forecast rather than representing a major upward revision. Pitney Bowes second-quarter results

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PBI. Bank of America raised Pitney Bowes from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $9.50 to $16.50 in a research note on Monday, May 11th. Wall Street Zen raised shares of Pitney Bowes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Zacks Research downgraded Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. The Goldman Sachs Group set a $15.20 price objective on Pitney Bowes in a research report on Friday, May 8th. Finally, Citizens Jmp boosted their target price on shares of Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Friday, June 5th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.43.

Insider Buying and Selling at Pitney Bowes

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $16.06, for a total value of $301,125.00. Following the sale, the executive vice president owned 97,828 shares in the company, valued at approximately $1,571,117.68. This represents a 16.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kurt James Wolf sold 316,280 shares of Pitney Bowes stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $17.10, for a total transaction of $5,408,388.00. Following the completion of the sale, the chief executive officer directly owned 217,930 shares in the company, valued at $3,726,603. This represents a 59.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,349,130 shares of company stock valued at $53,285,535. Corporate insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Pitney Bowes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV boosted its stake in Pitney Bowes by 39.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,887 shares of the technology company’s stock worth $221,000 after buying an additional 5,946 shares during the last quarter. Mackenzie Financial Corp increased its stake in Pitney Bowes by 840.5% during the fourth quarter. Mackenzie Financial Corp now owns 106,661 shares of the technology company’s stock worth $1,134,000 after acquiring an additional 95,320 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Pitney Bowes by 45.6% in the 4th quarter. XTX Topco Ltd now owns 210,269 shares of the technology company’s stock valued at $2,223,000 after purchasing an additional 65,849 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of Pitney Bowes during the 4th quarter worth $143,000. Finally, Millennium Management LLC raised its holdings in Pitney Bowes by 60.2% in the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock valued at $27,808,000 after buying an additional 988,653 shares during the period. Institutional investors and hedge funds own 67.88% of the company’s stock.

About Pitney Bowes

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.