Pitney Bowes (PBI) Releases FY 2018 Earnings Guidance

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Pitney Bowes (NYSE:PBI) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.15-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.17.

A number of brokerages have issued reports on PBI. Maxim Group set a $12.00 price objective on shares of Pitney Bowes and gave the company a buy rating in a report on Tuesday, July 24th. Zacks Investment Research lowered shares of Pitney Bowes from a hold rating to a sell rating in a report on Friday, August 3rd. Finally, ValuEngine raised shares of Pitney Bowes from a sell rating to a hold rating in a report on Thursday, August 2nd.

Shares of PBI opened at $6.62 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.23 and a debt-to-equity ratio of 16.56. Pitney Bowes has a 1 year low of $6.43 and a 1 year high of $14.80. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 4.70 and a beta of 0.96.

Pitney Bowes (NYSE:PBI) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. Pitney Bowes had a net margin of 6.66% and a return on equity of 138.42%. The business had revenue of $861.00 million during the quarter, compared to analyst estimates of $854.03 million. During the same period last year, the firm posted $0.33 EPS. The company’s revenue was up 17.9% on a year-over-year basis. Analysts forecast that Pitney Bowes will post 1.16 earnings per share for the current fiscal year.

Pitney Bowes Company Profile

Pitney Bowes Inc offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally. The company operates in three segments: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions.

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