Pitney Bowes (PBI) Set to Announce Earnings on Thursday

Pitney Bowes (NYSE:PBI) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Pitney Bowes (NYSE:PBI) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. Pitney Bowes had a negative net margin of 11.81% and a negative return on equity of 4.75%. The firm had revenue of $871.58 million during the quarter, compared to analysts’ expectations of $849.85 million. During the same period in the previous year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, analysts expect Pitney Bowes to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Pitney Bowes Price Performance

PBI stock opened at $4.25 on Thursday. The company has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $4.04. Pitney Bowes has a one year low of $2.80 and a one year high of $4.58. The stock has a market cap of $755.10 million, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 28.00 and a beta of 2.16.

Pitney Bowes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, February 9th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.71%. Pitney Bowes’s payout ratio is presently -9.13%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Monday, February 5th.

Pitney Bowes Company Profile

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.