During the last session, Pitney Bowes, Inc. (NYSE:PBI)’s traded shares were 1.04 million, with the beta value of the company hitting 1.97. At the end of the trading day, the stock’s price was $7.13, reflecting an intraday loss of -1.11% or -$0.08. The 52-week high for the PBI share is $7.70, that puts it down -7.99 from that peak though still a striking 60.73% gain since the share price plummeted to a 52-week low of $2.80. The company’s market capitalization is $1.28B, and the average intraday trading volume over the past 10 days was 1.58 million shares, and the average trade volume was 2.25 million shares over the past three months.
Pitney Bowes, Inc. (NYSE:PBI) trade information
Pitney Bowes, Inc. (PBI) registered a -1.11% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.11% in intraday trading to $7.13, hitting a weekly high. The stock’s 5-day price performance is -1.93%, and it has moved by 8.69% in 30 days. Based on these gigs, the overall price performance for the year is 106.67%. The short interest in Pitney Bowes, Inc. (NYSE:PBI) is 10.72 million shares and it means that shorts have 3.87 day(s) to cover.
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Pitney Bowes, Inc. (PBI) estimates and forecasts
Statistics show that Pitney Bowes, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Pitney Bowes, Inc. (PBI) shares have gone up 84.72% during the last six months, with a year-to-date growth rate more than the industry average at 775.00% against -10.80. In the rating firms’ projections, revenue will increase 0.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 787.27M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 883.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 783.75M and 871.58M respectively. In this case, analysts expect current quarter sales to grow by 0.40% and then jump by 1.40% in the coming quarter.
While earnings are projected to return 812.50% in 2024, the next five years will return 6.00% per annum.
PBI Dividends
Pitney Bowes, Inc. is due to release its next quarterly earnings in September. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Pitney Bowes, Inc. is 0.20, with the dividend yield indicating at 2.81 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.83%.
Pitney Bowes, Inc. (NYSE:PBI)’s Major holders
Pitney Bowes, Inc. insiders own 4.20% of total outstanding shares while institutional holders control 67.20%, with the float percentage being 70.15%. VANGUARD GROUP INC is the largest shareholder of the company, while 314.0 institutions own stock in it. As of 2024-06-30, the company held over 18.42 million shares (or 10.4064% of all shares), a total value of $93.57 million in shares.
The next largest institutional holding, with 16.77 million shares, is of BLACKROCK INC.’s that is approximately 9.4742% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $85.19 million.
