An in-depth look at the Pitney Bowes Inc. (PBI) stock – Marketing Sentinel

An in-depth look at the Pitney Bowes Inc. (PBI) stock

Pitney Bowes Inc. (NYSE:PBI) has a beta value of 2.77 and has seen 11,405,324 shares traded in the last trading session. The company, currently valued at $1.3 Billion, closed the last trade at $7.47 per share which meant it lost -$1.27 on the day or -14.53% during that session. The PBI stock price is -107.5% off its 52-week high price of $15.5 and 74.7% above the 52-week low of $1.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.56 Million shares traded. The 3-month trading volume is 2.74 Million shares.

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The consensus among analysts is that Pitney Bowes Inc. (PBI) is an Overweight stock at the moment, with a recommendation rating of 3. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 5 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.06.

Pitney Bowes Inc. (NYSE:PBI) trade information

Despite being -14.53% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the PBI stock price touched $10.06- or saw a rise of 25.75%. Year-to-date, Pitney Bowes Inc. shares have moved 21.27%, while the 5-day performance has seen it change -13.04%. Over the past 30 days, the shares of Pitney Bowes Inc. (NYSE:PBI) have changed -7.09%. Short interest in the company has seen 8.78 Million shares shorted with days to cover at 3.2.

Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 33.87% from current levels. The projected low price target is $9 while the price target rests at a high of $11. In that case, then, we find that the current price level is +47.26% off the targeted high while a plunge would see the stock lose 20.48% from current levels.

Pitney Bowes Inc. (PBI) estimates and forecasts

Figures show that Pitney Bowes Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +1.49% over the past 6 months, with this year growth rate of 16.67%, compared to 2.2% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 50% and 12.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5.4%.

4 analysts offering their estimates for the company have set an average revenue estimate of $891.34 Million for the current quarter. 4 have an estimated revenue figure of $922.5 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $837.49 Million and $851.56 Million respectively for this quarter and the next, and analysts expect sales will grow by 6.4% for the current quarter and 8.3% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -20.7% over the past 5 years. Earnings growth for 2021 is a modest -594%.


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PBI Dividends

Pitney Bowes Inc. is expected to release its next earnings report between July 28 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.2 at a share yield of 2.68%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.48%.

Pitney Bowes Inc. (NYSE:PBI)’s Major holders

Insiders own 6.2% of the company shares, while shares held by institutions stand at 74.42% with a share float percentage of 79.34%. Investors are also buoyed by the number of investors in a company, with Pitney Bowes Inc. having a total of 338 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 25.33 Million shares worth more than $156.03 Million. As of December 30, 2020, Blackrock Inc. held 14.59% of shares outstanding.

The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 17.57 Million shares as of December 30, 2020. The firm’s total holdings are worth over $108.26 Million and represent 10.12% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. As of March 30, 2021, the former fund manager holds about 6.16% shares in the company for having 10693304 shares of worth $88.11 Million while later fund manager owns 4.95 Million shares of worth $30.5 Million as of December 30, 2020, which makes it owner of about 2.85% of company’s outstanding stock.

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