In today’s recent session, 2.85 million shares of the Pitney Bowes, Inc (NYSE:PBI) have been traded, and its beta is 2.06. Most recently the company’s share price was $9.52, and it changed around $0.78 or 8.90% from the last close, which brings the market valuation of the company to $1.73B. PBI at last check was trading at a discount to its 52-week high of $9.37, offering almost 1.58% off that amount. The share price’s 52-week low was $3.73, which indicates that the recent value has risen by an impressive 60.82% since then. We note from Pitney Bowes, Inc’s average daily trading volume that its 10-day average is 1.95 million shares, with the 3-month average coming to 1.92 million.
Pitney Bowes, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended PBI as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Pitney Bowes, Inc is expected to report earnings per share of 0.27 for the current quarter.
Pitney Bowes, Inc (NYSE:PBI) trade information
Instantly PBI has been showing a green trend so far today with a performance of 8.90% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.95 on recent trading dayincreased the stock’s daily price by 4.32%. The company’s shares are currently up 31.46% year-to-date, but still up 7.91% over the last five days. On the other hand, Pitney Bowes, Inc (NYSE:PBI) is 35.39% up in the 30-day period. We can see from the shorts that 11.28 million shares have been sold at a short interest cover period of 5.49 day(s).
Pitney Bowes, Inc (PBI) estimates and forecasts
The year-over-year growth rate is expected to be -2.63%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 501.42M in revenue for the current quarter. 1 analysts expect Pitney Bowes, Inc to make 475.27M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 830.51M and 793.17M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -39.63%. Forecasts for the next quarter put sales growth at -40.08%.
PBI Dividends
Pitney Bowes, Inc’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 2.10 percent and its annual dividend per share was 0.20. It is important to note, however, that the 2.10% 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 4.44 per year.
Pitney Bowes, Inc (NYSE:PBI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.96% of Pitney Bowes, Inc shares, and 70.99% of them are in the hands of institutional investors. The stock currently has a share float of 72.41%. Pitney Bowes, Inc stock is held by 357.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.4064% of the shares, which is about 18.42 million shares worth $93.57 million.
BLACKROCK INC., with 9.4742% or 16.77 million shares worth $85.19 million as of 2024-06-30, 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 Nov 30, 2024. The former held 7.89 shares worth $74.21 million, making up 4.34% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 5.38 shares worth around $50.54 million, which represents about 2.96% of the total shares outstanding.
