In last trading session, Pitney Bowes, Inc. (NYSE:PBI) saw 1.04 million shares changing hands with its beta currently measuring 1.96. Company’s recent per share price level of $6.75 trading at -$0.03 or -0.44% at ring of the bell on the day assigns it a market valuation of $1.21B. That closing price of PBI’s stock is at a discount of -14.07% from its 52-week high price of $7.70 and is indicating a premium of 58.52% from its 52-week low price of $2.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.39 million shares which gives us an average trading volume of 2.26 million if we extend that period to 3-months.
Pitney Bowes, Inc. (NYSE:PBI) trade information
Upright in the red during last session for losing -0.44%, in the last five days PBI remained trading in the red while hitting it’s week-highest on Wednesday, 08/28/24 when the stock touched $6.75 price level, adding 7.02% to its value on the day. Pitney Bowes, Inc.’s shares saw a change of 53.41% in year-to-date performance and have moved -6.38% in past 5-day. Pitney Bowes, Inc. (NYSE:PBI) showed a performance of 15.98% in past 30-days. Number of shares sold short was 10.72 million shares which calculate 3.87 days to cover the short interests.
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Pitney Bowes, Inc. (PBI) estimates and forecasts
Statistics highlight that Pitney Bowes, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 63.83% of value to its shares in past 6 months, showing an annual growth rate of 775.00% while that of industry is -10.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -21.00% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 467.8M for the same. And 1 analysts are in estimates of company making revenue of 489.77M in the next quarter. Company posted 783.75M and 871.58M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 812.50% while estimates for its earnings growth in next 5 years are of 6.00%.
PBI Dividends
Pitney Bowes, Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.96%, the share has a forward dividend of 0.20 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.72%.
Pitney Bowes, Inc. (NYSE:PBI)’s Major holders
Insiders are in possession of 4.20% of company’s total shares while institution are holding 67.20 percent of that, with stock having share float percentage of 70.14%. Investors also watch the number of corporate investors in a company very closely, which is 67.20% institutions for Pitney Bowes, Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PBI for having 18.42 million shares of worth $93.57 million. And as of 2024-06-30, it was holding 10.4064 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 16.77 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4742 of outstanding shares, having a total worth of $85.19 million.
