In the last trading session, 2,693,901 shares of the Pitney Bowes Inc.(NYSE:PBI) were traded, and its beta was 2.79. Most recently the company’s share price was $8.23, and it changed around -$0.38 or -0.04% from the last close, which brings the market valuation of the company to $1.43 Billion. PBI currently trades at a discount to its 52-week high of $15.5, offering almost -88.34% off that amount. The share price’s 52-week low was $1.67, which indicates that the current value has risen by an impressive 79.71% since then. We note from Pitney Bowes Inc.’s average daily trading volume that its 10-day average is 2.37 Million shares, with the 3-month average coming to 4.32 Million.
Pitney Bowes Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 3. If we narrow it down even further, the data shows that none out of 5 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 5 recommended PBI as a Hold, whereas none deemed it a Buy, and no one rated it as Underweight. Pitney Bowes Inc. is expected to report earnings per share of $0.05 for the current quarter.
Pitney Bowes Inc. (NYSE:PBI): Trading Information
Although PBI has showed a red trend with a performance of -4.41% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $9.19- on Tuesday, Feb 16 increased the stock’s daily price by 10.45%. The company’s shares are currently up 0.34% year-to-date, but still down -0.0876 over the last five days. On the other hand, Pitney Bowes Inc. (NYSE:PBI) is 0.14% up in the 30-day period. We can see from the shorts that 7.55 Million shares have been sold at a short interest cover period of 1.75 day(s).
The consensus price target as assigned by Wall Street analysts is $9, which translates to bears needing to increase their stock price by 9.36% from its current value. Analyst projections state that PBI is forecast to be at a low of $9 and a high of $9. In order for the stock price to hit the forecast high, the stock would need to surge +9.36% from its current level, while the stock would need to crash 9.36% from its current level to reach the projected low.
Pitney Bowes Inc. (PBI) projections and forecasts
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of $873.86 Million in revenue for the current quarter. 4 analysts expect Pitney Bowes Inc. to make $885.39 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $796.27 Million and $837.49 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.7%. Forecasts for the next quarter put sales growth at 5.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -31.2%. Pitney Bowes Inc. earnings are expected to decrease by -70.5% in 2021, but the outlook is negative 0% per year for the next five years.
PBI Dividend Yield
Pitney Bowes Inc.’s next quarterly earnings report is expected to be released around May 03 – May 07, 2021. The annual dividend yield of the stock is 2.32 percent and its annual dividend per share was $0.2. It is important to note, however, that the 2.32% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 6.54% per year.
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Pitney Bowes Inc. (NYSE:PBI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 5.71% of Pitney Bowes Inc. shares, and 78.19% of them are in the hands of institutional investors. The stock currently has a share float of 82.93%. Pitney Bowes Inc. stock is held by 316 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 14.63% of the shares, which is about 25.33 Million shares worth $156.03 Million.
Vanguard Group, Inc. (The), with 10.15% or 17.57 Million shares worth $108.26 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 11092285 shares worth $68.33 Million, making up 6.41% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.89 Million shares worth around $25.98 Million, which represents about 2.83% of the total shares outstanding.