Currently, there are 181.34M common shares owned by the public and among those 178.76M shares have been available to trade.
The company’s stock has a 5-day price change of 0.46% and 8.57% over the past three months. PBI shares are trading 20.72% year to date (YTD), with the 12-month market performance up to 122.96% higher. It has a 12-month low price of $3.73 and touched a high of $9.29 over the same period. PBI has an average intraday trading volume of 1.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.17%, 11.28%, and 29.40% respectively.
Institutional ownership of Pitney Bowes, Inc (NYSE: PBI) shares accounts for 69.91% of the company’s 181.34M shares outstanding.
It has a market capitalization of $1.59B and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.49% over the week and 4.44% over the month.
Analysts forecast that Pitney Bowes, Inc (PBI) will achieve an EPS of 0.27 for the current quarter, 0.26 for the next quarter and 1.23 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.27 while analysts give the company a high EPS estimate of 0.27. Comparatively, EPS for the current quarter was -0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 30.49%, and 14.95% over the next financial year.
Looking at the support for the PBI, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on April 30, 2021, with the firm’s price target at $10. National Securities on their part issued Buy rating on August 03, 2020.
