Compared to others, Pitney Bowes Inc. (PBI) is in a different league with regards to profitability, having net margins of 7.4%. To put some perspective around this, the industry’s average net margin is 4.83%. When looking at valuations, Pitney Bowes Inc. has a cheap P/E of 6.68x as compared to industry average of 12.67x. Moreover, it trades for 5.45 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 5.04x price/book and 0.35x price/sales. PBI’s ROE is 126.5%, which is also considerably better than the industry’s ROE of 6.71%. It’s also very liquid in the near term, with a current ratio of 1.2. The stock has a debt/capital of 13.01.
PBI’s 50 day simple moving average (SMA 50) price is $6.99 and its 200-day simple moving average (SMA 200) price is $7.99. The company’s stock currently has a total float of 186.57M shares. Its weekly volatility is hovering around 4.07% and felt 3.87% volatility in price over a month. On the upside, the share price will test short term resistance at around $7.03. On a downside, the stock is likely to find some support, which begins at $6.49. The failure to get near-term support could push it to $6.23.
Separately, it has been reported that multiple insider activity took place at Pitney Bowes Inc. (PBI). President and CEO Lautenbach Marc Bradley acquired 11,100 shares for $256,068 in transaction occurred on 2018/05/08. After making this transaction, the President and CEO owns a direct stake of 100,122 shares, worth $1,728,459, as per the last closing price. On 2018/05/08 Sutula Stanley J Iii, Exec. VP & Chief Fin’l Officer at PBI, purchased 10,000 shares at an average price of $8.82 per share. The new stake is valued at $67,500.
Director, Sanford Linda S had invested in 5,000 shares for $18,690 through a trade on 2017/05/17. Following this activity, the insider holds 75,450 shares worth $126,158 as of recent close. Wall Street’s most bullish Pitney Bowes Inc. (NYSE:PBI) analysts are predicting the share price to blow past $16 per share during the next 12 months. The current median share price forecast by them is $11.5, suggesting that the stock could increase 70.37% in that time frame. The average price target of $11.33 calls for a nearly 67.85% increase in the stock price.
It had seen a new analyst call from Maxim Group, which initiated the stock at Buy on June 01. Analysts at Sidoti, shed their negative views on August 02 by lifting it fromNeutral to Buy. The stock lost favor of Cross Research analysts who expressed their lack of confidence in it using a downgrade from Hold to Sell on August 02. Loop Capital, released new analyst coverage on July 28, calling the stock is Hold.
Pitney Bowes Inc. (NYSE:PBI) reached $1.27B by 04-February-19 in the wake of -4.26% downturn. The shares gained some momentum after bears carried it down to $6.51. The final price for the day of 6.75 was still down from $7.05. The stock remained range bound between $6.51 and $7.05. Trading activity significantly improved as the volume at ready counter increased to 7,124,631 shares versus 2,487,075 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,481,717 shares. The stock is now 22.5% above against its bear-market low of $5.51 on December 26, 2018. It has retreated -97.48% since it’s 52-week high of $13.33 reached in February. Now the market price is down -50.66% on the year and up 14.21% YTD.
Shares of Pitney Bowes Inc. (PBI) have gained 6.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Pitney Bowes Inc. (NYSE:PBI) has topped consensus earnings estimates in 5 quarters (41%), missed earnings in 7 quarters (58%), whereas at 0 occasion EPS met analyst expectations. PBI last reported earnings on November 01, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.27 per share, -94.79% change on the same period last year. That was better than consensus for $0.26. Revenue for the recent quarter stood at $832.86 million, down -1% on last year and below the $852.67 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $887.5 million to $918 million, which should be compared with $0 generated last year. EPS is seen in a range of $0.26 to $0.28, against the $0.39 reported a year ago.