Profile
Sector:
IndustrialsIndustry:
Integrated Freight & LogisticsCountry:
United StatesIPO:
01 June 1972Website:
http://www.pitneybowes.comNext earnings report:
31 January 2025Last dividends:
18 November 2024Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:06:15 GMTAnalysts recommendations
Institutional Ownership
PBI Latest News
Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Pitney Bowes' new activist board and management are creating a special situation in the stock. Margin improvements are anticipated as Pitney Bowes exits its unprofitable Global Ecommerce segment and continues cost-saving measures in SendTech Solutions and Presort Services. There is a sharp earnings upgrade in the stock after a long time. Coupled with a large 1-yr fwd PE discount vs comparables, this makes PBI a candidate for buys.
Despite initial setbacks, Pitney Bowes shares have rallied 147% since November 2022, with 19% total return since January 2022, bolstered by dividends. The company's financials have improved significantly, with a 40% reduction in long-term debt and an 81% lower net loss year-over-year. Pitney Bowes is trading at a relative discount, with the market paying ~$0.37 for $1 of sales, indicating undervaluation.
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Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Pitney Bowes (PBI) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to loss of $0.02 per share a year ago.
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE:PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today announced that its Board of Directors has declared a quarterly cash dividend on the company's common stock of $0.05 per share. The dividend will be paid on September 6, 2024 to stockholders of record on August 22, 2024. About Pitney Bowes Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology,.
- 1(current)
What type of business is Pitney Bowes?
Pitney Bowes Inc is a global technology company that develops software and hardware products. It provides services in the areas of document management, packaging and shipping, and sorting. They develop application programming interfaces in the field of e-commerce, delivery and returns of packages, international e-commerce, mail distribution, transaction processing for payments and money transfers. The company was registered in the state of Delaware in 1920. The headquarters is located in Stamford, Connecticut. The company operates in three business segments: Global e-commerce Sorting services Providing technological solutions
What sector is Pitney Bowes in?
Pitney Bowes is in the Industrials sector
What industry is Pitney Bowes in?
Pitney Bowes is in the Integrated Freight & Logistics industry
What country is Pitney Bowes from?
Pitney Bowes is headquartered in United States
When did Pitney Bowes go public?
Pitney Bowes initial public offering (IPO) was on 01 June 1972
What is Pitney Bowes website?
https://www.pitneybowes.com
Is Pitney Bowes in the S&P 500?
No, Pitney Bowes is not included in the S&P 500 index
Is Pitney Bowes in the NASDAQ 100?
No, Pitney Bowes is not included in the NASDAQ 100 index
Is Pitney Bowes in the Dow Jones?
No, Pitney Bowes is not included in the Dow Jones index
When was Pitney Bowes the previous earnings report?
No data
When does Pitney Bowes earnings report?
The next expected earnings date for Pitney Bowes is 31 January 2025