Pitney Bowes (NYSE:PBI) Announces Quarterly Earnings Results

Pitney Bowes (NYSE:PBI) issued its earnings results on Wednesday. The technology company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09, Zacks reports. Pitney Bowes had a negative return on equity of 33.41% and a net margin of 8.92%. Pitney Bowes updated its FY 2026 guidance to 1.550-1.700 EPS.

Pitney Bowes Trading Down 1.1%

NYSE PBI traded down $0.19 during trading on Wednesday, reaching $17.64. The company’s stock had a trading volume of 1,676,141 shares, compared to its average volume of 2,767,833. The stock has a market capitalization of $2.39 billion, a PE ratio of 17.13, a PEG ratio of 0.81 and a beta of 1.62. Pitney Bowes has a 1-year low of $8.95 and a 1-year high of $18.77. The business has a 50-day moving average price of $17.17 and a 200-day moving average price of $13.64.

Pitney Bowes Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 18th were paid a $0.01 dividend. The ex-dividend date was Monday, May 18th. This represents a $0.04 dividend on an annualized basis and a yield of 0.2%. Pitney Bowes’s payout ratio is 38.83%.

Insider Activity at Pitney Bowes

In other news, CEO Kurt James Wolf sold 966,561 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $14.58, for a total transaction of $14,092,459.38. Following the transaction, the chief executive officer owned 452,628 shares in the company, valued at approximately $6,599,316.24. This trade represents a 68.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 3,349,130 shares of company stock worth $53,285,535. Corporate insiders own 6.50% of the company’s stock.

Institutional Investors Weigh In On Pitney Bowes

A number of large investors have recently bought and sold shares of PBI. Mercer Global Advisors Inc. ADV increased its position in Pitney Bowes by 39.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,887 shares of the technology company’s stock worth $221,000 after buying an additional 5,946 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Pitney Bowes by 840.5% during the fourth quarter. Mackenzie Financial Corp now owns 106,661 shares of the technology company’s stock valued at $1,134,000 after buying an additional 95,320 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Pitney Bowes by 45.6% in the fourth quarter. XTX Topco Ltd now owns 210,269 shares of the technology company’s stock worth $2,223,000 after buying an additional 65,849 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in shares of Pitney Bowes in the fourth quarter worth about $143,000. Finally, Millennium Management LLC boosted its stake in shares of Pitney Bowes by 60.2% during the 4th quarter. Millennium Management LLC now owns 2,630,801 shares of the technology company’s stock worth $27,808,000 after acquiring an additional 988,653 shares in the last quarter. 67.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on PBI shares. Weiss Ratings upgraded shares of Pitney Bowes from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 8th. Zacks Research lowered shares of Pitney Bowes from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. The Goldman Sachs Group set a $15.20 target price on shares of Pitney Bowes in a research report on Friday, May 8th. Citizens Jmp lifted their target price on shares of Pitney Bowes from $17.00 to $19.00 and gave the company a “market outperform” rating in a research note on Friday, June 5th. Finally, Citigroup restated a “market outperform” rating on shares of Pitney Bowes in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.43.

About Pitney Bowes

Pitney Bowes Inc (NYSE: PBI) is an American technology company that specializes in shipping, mailing, and e-commerce solutions. Founded in 1920 by Walter Bowes and Arthur Pitney, the company pioneered postage meter technology and has since evolved to offer a broad portfolio of hardware, software, and services designed to streamline physical and digital communications. Headquartered in Stamford, Connecticut, Pitney Bowes leverages a century of expertise to serve enterprises, small businesses, and government agencies around the globe.

The company’s core offerings span mailing and shipping equipment, including postage meters, folder inserters, and address verification systems, alongside integrated software platforms for customer information management, data analytics, and location intelligence.