News stories about Pitney Bowes (NYSE:PBI) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pitney Bowes earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.5242149449529 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Pitney Bowes, Inc. : PBI-US: Dividend Analysis : August 25th, 2017 (record date) : By the numbers : September 20, 2017 (finance.yahoo.com)
- Pitney Bowes Inc. (PBI)- Analysts Forecasting Volatility Indicators – NASDAQ Times (nasdaqtimes.com)
- Pitney Bowes Exhibits Innovative Solutions at PARCEL Forum ’17 – Business Wire (press release) (businesswire.com)
- Pitney Bowes CEO discusses shipping giant's push into log… (finance.yahoo.com)
- The Pitney Bowes Transformation: Cramer’s Top Takeaways (finance.yahoo.com)
PBI has been the subject of several recent research reports. Zacks Investment Research raised Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. ValuEngine cut Pitney Bowes from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Pitney Bowes from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Loop Capital initiated coverage on Pitney Bowes in a research report on Friday, July 28th. They set a “hold” rating and a $16.00 price objective for the company. Finally, Cross Research cut Pitney Bowes from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Pitney Bowes has an average rating of “Hold” and an average target price of $17.50.
Pitney Bowes (NYSE:PBI) opened at 13.58 on Friday. The stock’s 50 day moving average price is $12.79 and its 200 day moving average price is $14.03. Pitney Bowes has a 52-week low of $12.31 and a 52-week high of $18.24. The firm has a market capitalization of $2.54 billion, a PE ratio of 26.68 and a beta of 1.20.
Pitney Bowes (NYSE:PBI) last issued its earnings results on Tuesday, August 1st. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Pitney Bowes had a net margin of 3.02% and a return on equity of 15,666.66%. The firm had revenue of $821.40 million during the quarter, compared to the consensus estimate of $822.90 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that Pitney Bowes will post $1.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Friday, August 25th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Wednesday, August 23rd. Pitney Bowes’s payout ratio is 144.23%.
About Pitney Bowes
Pitney Bowes Inc is a global technology company. The Company offers customer information management, location intelligence and customer engagement products and solutions to help its clients market to their customers, and shipping, mailing, and cross border e-commerce products and solutions that enable the sending of parcels and packages across the globe.
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