Pitney Bowes (NYSE:PBI) Posts Earnings Results

Pitney Bowes (NYSE:PBI) released its quarterly earnings results on Tuesday. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16, Zacks reports. Pitney Bowes had a negative return on equity of 12.85% and a negative net margin of 13.02%.

Pitney Bowes Stock Down 0.6 %

PBI stock traded down $0.05 during midday trading on Tuesday, hitting $8.77. The company’s stock had a trading volume of 4,563,732 shares, compared to its average volume of 2,041,936. Pitney Bowes has a 12 month low of $3.73 and a 12 month high of $9.37. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of -4.02, a price-to-earnings-growth ratio of 0.52 and a beta of 2.01. The company has a 50 day moving average of $7.78 and a two-hundred day moving average of $7.33.

Insiders Place Their Bets

In other Pitney Bowes news, EVP Deborah Pfeiffer sold 35,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $9.02, for a total value of $315,700.00. Following the sale, the executive vice president now owns 124,124 shares in the company, valued at $1,119,598.48. This trade represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Evans bought 29,000 shares of Pitney Bowes stock in a transaction on Wednesday, November 20th. The stock was acquired at an average price of $7.80 per share, for a total transaction of $226,200.00. Following the purchase, the director now owns 29,000 shares of the company’s stock, valued at approximately $226,200. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by corporate insiders.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.