Pitney Bowes Inc. [NYSE: PBI] plunged by -$1.27 during the normal trading session on Friday and reaching a high of $8.65 during the day while it closed the day at $7.47. The company report on April 30, 2021 that Pitney Bowes Announces First Quarter 2021 Financial Results.
Pitney Bowes Inc. (NYSE: PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing and financial services, announced its financial results for the first quarter 2021.
“We delivered a solid start to the year, with every business making a meaningful contribution to our first quarter results,” said Marc B. Lautenbach, President and CEO, Pitney Bowes. “Revenue continued to demonstrate strong growth, every business improved its EBIT performance from prior year, and we strengthened our balance sheet. As we enter the final chapter of our transformation, we are well-positioned to reach our ultimate goal of achieving improved profitable revenue growth.”.
Pitney Bowes Inc. stock has also loss -13.04% of its value over the past 7 days. However, PBI stock has declined by -20.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 1.49% and gained 21.27% year-on date.
The market cap for PBI stock reached $1.52 billion, with 171.91 million shares outstanding and 163.21 million shares in the current float. Compared to the average trading volume of 2.99M shares, PBI reached a trading volume of 11405324 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Pitney Bowes Inc. [PBI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBI shares is $9.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBI stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Sidoti have made an estimate for Pitney Bowes Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 30, 2021. The new note on the price target was released on April 30, 2021, representing the official price target for Pitney Bowes Inc. stock.
The Average True Range (ATR) for Pitney Bowes Inc. is set at 0.61, with the Price to Sales ratio for PBI stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 19.15, with the Price to Cash per share for the same quarter was set at 4.63. Price to Free Cash Flow for PBI in the course of the last twelve months was 12.73 with Quick ratio for the last quarter at 1.10.
PBI stock trade performance evaluation
Pitney Bowes Inc. [PBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.04. With this latest performance, PBI shares dropped by -9.34% in over the last four-week period, additionally plugging by 1.49% over the last 6 months – not to mention a rise of 111.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBI stock in for the last two-week period is set at 39.47, with the RSI for the last a single of trading hit 36.23, and the three-weeks RSI is set at 42.14 for Pitney Bowes Inc. [PBI]. The present Moving Average for the last 50 days of trading for this stock 8.61, while it was recorded at 8.62 for the last single week of trading, and 6.77 for the last 200 days.
Pitney Bowes Inc. [PBI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pitney Bowes Inc. [PBI] shares currently have an operating margin of +3.97 and a Gross Margin at +32.30. Pitney Bowes Inc.’s Net Margin is presently recorded at -5.39.
Return on Total Capital for PBI is now 4.60, given the latest momentum, and Return on Invested Capital for the company is -6.60. Return on Equity for this stock declined to -108.75, with Return on Assets sitting at -3.59. When it comes to the capital structure of this company, Pitney Bowes Inc. [PBI] has a Total Debt to Total Equity ratio set at 4,228.40. Additionally, PBI Total Debt to Total Capital is recorded at 97.69, with Total Debt to Total Assets ending up at 53.78. Long-Term Debt to Equity for the company is recorded at 3,836.91, with the Long-Term Debt to Total Capital now at 88.65.
Reflecting on the efficiency of the workforce at the company, Pitney Bowes Inc. [PBI] managed to generate an average of -$16,666 per employee. Receivables Turnover for the company is 3.57 with a Total Asset Turnover recorded at a value of 0.67.Pitney Bowes Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for Pitney Bowes Inc. [PBI] stock
With the latest financial reports released by the company, Pitney Bowes Inc. posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 500.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PBI.
Pitney Bowes Inc. [PBI]: Insider Ownership positions
There are presently around $913 million, or 77.10% of PBI stock, in the hands of institutional investors. The top three institutional holders of PBI stocks are: BLACKROCK INC. with ownership of 25,330,336, which is approximately 0.482% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 17,574,190 shares of the stock with an approximate value of $131.28 million in PBI stocks shares; and STATE STREET CORP, currently with $48.35 million in PBI stock with ownership of nearly -0.696% of the company’s market capitalization.
Positions in Pitney Bowes Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 127 institutional holders increased their position in Pitney Bowes Inc. [NYSE:PBI] by around 14,590,475 shares. Additionally, 114 investors decreased positions by around 20,842,942 shares, while 49 investors held positions by with 86,804,021 shares. The mentioned changes placed institutional holdings at 122,237,438 shares, according to the latest SEC report filing. PBI stock had 46 new institutional investments in for a total of 5,031,291 shares, while 34 institutional investors sold positions of 6,458,959 shares during the same period.