Pitney Bowes, Inc. (NYSE:PBI) has a beta value of 1.94 and has seen 1.21 million shares traded in the recent trading session. The company, currently valued at $1.30B, closed the recent trade at $7.25 per share which meant it gained $0.33 on the day or 4.77% during that session. The PBI stock price is -6.21% off its 52-week high price of $7.70 and 61.38% above the 52-week low of $2.80. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.47 million shares traded. The 3-month trading volume is 2.20 million shares.
Pitney Bowes, Inc. (NYSE:PBI) trade information
Sporting 4.77% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PBI stock price touched $7.25 or saw a rise of 5.84%. Year-to-date, Pitney Bowes, Inc. shares have moved 64.77%, while the 5-day performance has seen it change 23.72%. Over the past 30 days, the shares of Pitney Bowes, Inc. (NYSE:PBI) have changed 4.77%. Short interest in the company has seen 10.21 million shares shorted with days to cover at 4.12.
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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 73.03% over the past 6 months, with this year growth rate of 775.00%, compared to -13.60% for the industry. Revenue growth from the last financial year stood is estimated to be 0.20%.
1 analysts offering their estimates for the company have set an average revenue estimate of 787.27M for the current quarter. 1 have an estimated revenue figure of 883.7M for the next ending quarter. Year-ago sales stood 783.75M and 871.58M respectively for this quarter and the next, and analysts expect sales will grow by 0.40% for the current quarter and 0.20% for the next.
Earnings growth for 2024 is a modest 812.50% while over the next 5 years, the company’s earnings are expected to increase by 6.00%.
PBI Dividends
Pitney Bowes, Inc. is expected to release its next earnings report 2024-Aug-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.20 at a share yield of 2.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.83%.
Pitney Bowes, Inc. (NYSE:PBI)’s Major holders
Insiders own 4.17% of the company shares, while shares held by institutions stand at 66.09% with a share float percentage of 68.97%. Investors are also buoyed by the number of investors in a company, with Pitney Bowes, Inc. having a total of 311.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 18.24 million shares worth more than $78.98 million. As of 2024-03-31, VANGUARD GROUP INC held 10.3427% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 17.07 million shares as of 2024-03-31. The firm’s total holdings are worth over $73.9 million and represent 9.6765% of shares outstanding.
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 Jun 30, 2024, the former fund manager holds about 4.41% shares in the company for having 7.89 shares of worth $57.91 million while later fund manager owns 4.81 shares of worth $35.32 million as of Mar 31, 2024, which makes it owner of about 2.69% of company’s outstanding stock.
