Shares of Pitney Bowes (NYSE: PBI) climbed as much as 20% on Friday in an apparent reaction to a private equity buyout of one of the company's rivals, Stamps.com (NASDAQ: STMP). That company is being acquired at a substantial premium, leading investors to reconsider Pitney Bowes' valuation. So what
Full Answer
Is Pitney Bowes a good investment?
Summary. I think the turnaround at Pitney Bowes is underway, with revenue up significantly in 2021 compared to both 2020 and 2019. Net loss has basically evaporated in 2021. In my view, the dividend, currently yielding 3% is sustainable, and so these shares are an attractive place to park capital.
Is PBI a buy or sell?
The consensus among 1 Wall Street analyst covering (NYSE: PBI) stock is to Strong Buy PBI stock.
How does Pitney Bowes make money?
As of 2021, Pitney Bowes continued to provide commercial clients with postal meters and mail presorting services. Its Presort Services business for enterprise companies processes approximately 17 billions of pieces of mail annually. The company handles commercial mailing and shipping via its SendTech services.
Who owns Pitney Bowes stock?
The Vanguard Group, Inc.Top 10 Owners of Pitney Bowes IncStockholderStakeShares ownedThe Vanguard Group, Inc.11.26%19,521,928BlackRock Fund Advisors9.31%16,151,434SSgA Funds Management, Inc.3.62%6,280,347Goldman Sachs & Co. LLC (Private ...2.27%3,934,2106 more rows
Will PBI go up?
Pitney Bowes Inc (NYSE:PBI) The 1 analysts offering 12-month price forecasts for Pitney Bowes Inc have a median target of 8.00, with a high estimate of 8.00 and a low estimate of 8.00. The median estimate represents a +64.95% increase from the last price of 4.85.
Is Pitney Bowes profitable?
Net income: US$20.8m (up US$48.5m from 1Q 2021). Profit margin: 2.2% (up from net loss in 1Q 2021). Revenue was in line with analyst estimates.
Is Pitney Bowes going out of business?
Based on the latest financial disclosure, Pitney Bowes has a Probability Of Bankruptcy of 54%. This is 26.82% higher than that of the Industrials sector and significantly higher than that of the Integrated Freight & Logistics industry.
Is Pitney Bowes growing?
The Index finds global parcel volume reached 131 billion in 2020, equating to 4.160 parcels shipped per second – an increase of 27 percent year-over-year. On average, 34 parcels were delivered per person. The Index estimates parcel volume could reach 232 billion or as high as 303 billion by 2026.
Is Pitney Bowes a Fortune 500 company?
Since 1955, when the first FORTUNE 500 was created, more than 1,800 companies have appeared on the list....FORTUNE 500 appearances:Earnings per share10-year growth rate (%)11.43 more rows
What happened
Shares of small-cap postal delivery solutions provider Pitney Bowes ( PBI -1.03% ) tanked 21.5% in 1:20 p.m. EST trading this afternoon, despite a modest earnings beat reported this morning.
So what
Pitney Bowes CEO Marc Lautenbach exulted that Q4 produced the company's "highest modern day, organic [revenue] growth rate on record for us," resulting in "a remarkable ending to an extraordinary year."
NYSE: PBI
Sales were up 24% year over year in the quarter and, in addition to the pro forma number, Pitney Bowes reported an $0.11 per share profit as calculated according to generally accepted accounting principles ( GAAP ), and $0.09 per share, GAAP, from continuing operations.
Now what
Looking ahead to 2021, Pitney Bowes anticipates continuing to grow its revenue, but only "in the low-to-mid single digit range." Applied to the company's $3.6 billion in 2020 revenue, that seems to imply sales of perhaps $3.7 billion, a number that is roughly in line with analyst projections.
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