Pitney Bowes (NYSE:PBI) Releases Quarterly Earnings Results

Pitney Bowes (NYSE:PBI) released its quarterly earnings data on Tuesday. The technology company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.16 by $0.16, Zacks reports. Pitney Bowes had a negative net margin of 13.02% and a negative return on equity of 12.85%.

Pitney Bowes Trading Down 0.6 %

Shares of NYSE:PBI traded down $0.05 on Tuesday, hitting $8.77. The company had a trading volume of 4,545,182 shares, compared to its average volume of 2,041,936. Pitney Bowes has a 1-year low of $3.73 and a 1-year high of $9.37. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -4.02, a P/E/G ratio of 0.52 and a beta of 2.01. The stock has a 50 day moving average price of $7.78 and a 200 day moving average price of $7.33.

Insider Activity at Pitney Bowes

In related news, EVP Deborah Pfeiffer sold 35,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $9.02, for a total value of $315,700.00. Following the transaction, the executive vice president now directly owns 124,124 shares in the company, valued at approximately $1,119,598.48. This represents a 22.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul J. Evans purchased 29,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of $7.80 per share, for a total transaction of $226,200.00. Following the completion of the purchase, the director now directly owns 29,000 shares of the company’s stock, valued at $226,200. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by corporate insiders.

About Pitney Bowes

Pitney Bowes Inc, a shipping and mailing company, provides technology, logistics, and financial services to small and medium-sized businesses, large enterprises, retailers, and government clients in the United States and internationally. It operates through Global Ecommerce, Presort Services, and SendTech Solutions segments.