Ready to Jump After Recent Trade: Pitney Bowes Inc. (PBI)

Pitney Bowes Inc. (NYSE: PBI) stock jumped 0.22% on Tuesday to $4.57 against a previous-day closing price of $4.56. With 0.94 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.69 million shares. During the session, the Business Equipment & Supplies company that operates in wider Industrials sector, reached to the highest price of $4.6100 whereas the lowest price it dropped to was $4.4700. The 52-week range on PBI shows that it touched its highest point at $6.17 and its lowest point at $2.30 during that stretch. It currently has a 1-year price target of $4.75. With its current market cap of 776.67 million, PBI has annualized dividend of $0.20 while the current yield stands at 4.38%. Beta for the stock currently stands at 2.24.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PBI was up-trending over the past week, with a rise of 3.86%, but this was up by 19.95% over a month. Three-month performance surged to 55.97% while six-month performance rose 11.19%. The stock lost -20.93% in the past year, while it has gained 20.26% so far this year. A look at the trailing 12-month EPS for PBI yields 0.18 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.08. This implies an EPS growth rate of 101.80% for this year and 37.06% for next year. EPS is expected to grow by 6.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -45.00%.

Float and Shares Shorts:

At present, 173.85 million PBI shares are outstanding with a float of 161.30 million shares on hand for trading. On Oct 13, 2022, short shares totaled 9.44 million, which was 5.43% higher than short shares on Sep 14, 2022. In addition to Mr. Marc B. Lautenbach as the firm’s Pres, CEO & Director, Ms. Ana Maria Chadwick serves as its Exec. VP & CFO.


Institutional Ownership:

Through their ownership of 69.33% of PBI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 34.55% of PBI, in contrast to 32.53% held by mutual funds. Shares owned by individuals account for 2.31%. As the largest shareholder in PBI with 10.37% of the stake, The Vanguard Group, Inc. holds 18,051,479 shares worth 18,051,479. A second-largest stockholder of PBI, BlackRock Fund Advisors, holds 16,028,177 shares, controlling over 9.21% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in PBI, holding 6,250,949 shares or 3.59% stake. With a 4.54% stake in PBI, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 7,894,604 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.73% of PBI stock, is the second-largest Mutual Fund holder. It holds 4,751,486 shares valued at 18.06 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in PBI, owning 4,035,093 shares worth 15.33 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PBI since 3 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PBI analysts setting a high price target of $6.00 and a low target of $3.50, the average target price over the next 12 months is $4.75. Based on these targets, PBI could surge 31.29% to reach the target high and fall by -23.41% to reach the target low. Reaching the average price target will result in a growth of 3.94% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PBI will report FY 2022 earnings on 01/30/2024. Analysts have provided yearly estimates in a range of $0.23 being high and $0.17 being low. For PBI, this leads to a yearly average estimate of $0.20. The surprise factor in the prior quarter was -$0.02. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.

Summary of Insider Activity:

Insiders traded PBI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 35 while that of sell transactions has risen to 23 over the past year. The total number of shares bought during that period was 584,364 while 161,288 shares were sold.

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