PBI - Pitney Bowes Inc.
4.3000 0.00 (0.00%)
After hours: 4:15PM EDT
| Previous Close | 4.4400 |
| Open | 4.4200 |
| Bid | 4.2300 x 900 |
| Ask | 4.2900 x 3100 |
| Day's Range | 4.1700 - 4.4200 |
| 52 Week Range | 3.1400 - 8.5600 |
| Volume | 3,591,199 |
| Avg. Volume | 2,983,573 |
| Market Cap | 734.87M |
| Beta (3Y Monthly) | 2.64 |
| PE Ratio (TTM) | 6.00 |
| EPS (TTM) | 0.7170 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 0.20 (4.36%) |
| Ex-Dividend Date | 2019-08-22 |
| 1y Target Est | 7.00 |
- Simply Wall St.
The Pitney Bowes (NYSE:PBI) Share Price Is Down 85% So Some Shareholders Are Rather Upset
Pitney Bowes Inc. (NYSE:PBI) shareholders should be happy to see the share price up 12% in the last week. But spare a...
- Zacks
Pitney Bowes (PBI) Down 6.3% Since Last Earnings Report: Can It Rebound?
Pitney Bowes (PBI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Wheeler Financial from Pitney Bowes Helps Eagle Access Secure Funding for High-Tech Equipment
Pitney Bowes (PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance and data, today announced that Wheeler Financial from Pitney Bowes has closed two financing transactions with Eagle Access. Eagle Access, located in Culpeper, VA, supplies specialized equipment for highway bridge construction and remedial work. “Having the latest high-tech equipment helps us secure higher-value contracts so we can grow our business,” said Dan McClain, President, Eagle Access.
- Moody's
Starfish Holdco, LLC -- Moody's says Syncsort's acquisition of Pitney Bowes' software solutions business materially increases scale, but will likely increase leverage
Moody's Investors Service ("Moody's") said that Starfish Holdco, LLC's (dba "Syncsort", B3 stable) announcement that it will acquire the software solutions business of Pitney Bowes Inc. for $700 million in cash, has no immediate effect on the company's ratings or outlook. Moody's expects that in addition to the sponsor equity contribution, Syncsort will raise a significant amount of additional debt to fund this transaction, which will be credit negative.
- Moody's
Pitney Bowes Inc. -- Moody's says Pitney Bowes' debt repayment with proceeds from $700 million sale of Software Solutions business is credit positive
Moody's Investors Service (Moody's) said that Pitney Bowes Inc. ("Pitney Bowes", Ba2 stable) recently announced plans to sell its Software Solutions segment for $700 million in cash with the majority of net proceeds being applied to repay near term debt maturities. The pending debt repayment, which we expect will be roughly $600 million, is credit positive and better positions Pitney Bowes to refinance remaining near term debt maturities.
- Zacks
Pitney Bowes Updates '19 View on Software Unit Divestment
Pitney Bowes' (PBI) robust adoption of new products in digital commerce, including Commerce Cloud, is anticipated to bolster the top line.
- Benzinga
A Look At Benzinga Pro's Most-Searched Tickers For August 26, 2019
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Taronis Technologies (NASDAQ: TRNX ) shares ...
- Reuters
UPDATE 1-Pitney Bowes to sell software solutions unit for $700 mln to cut debt
Mail management company Pitney Bowes Inc said on Monday it would sell its software solutions unit to enterprise solutions provider Syncsort for $700 million in an all-cash deal, as it looks to cut its debt. "We have several tranches of debt that are maturing over the next two years and we will use the majority of the net proceeds from this transaction to pay down that debt and we will refinance the remainder," said Stan Sutula, executive vice president and chief financial officer. Pitney cut its 2019 adjusted earnings forecast in the range of 65 cents to 75 cents from 90 cents to $1.05 estimated earlier, and revised its full-year revenue forecast to 1%-2% from 1%-3%.
- Reuters
Pitney Bowes to sell software solutions unit for $700 million to cut debt
Mail management company Pitney Bowes Inc said on Monday it would sell its software solutions unit to enterprise solutions provider Syncsort for $700 million in an all-cash deal, as it looks to cut its debt. "We have several tranches of debt that are maturing over the next two years and we will use the majority of the net proceeds from this transaction to pay down that debt and we will refinance the remainder," said Stan Sutula, executive vice president and chief financial officer. Pitney cut its 2019 adjusted earnings forecast in the range of 65 cents to 75 cents from 90 cents to $1.05 estimated earlier, and revised its full-year revenue forecast to 1%-2% from 1%-3%.
- MarketWatch
Pitney Bowes shares soar 9.4% premarket on news of sales of software business for $700 million in cash
Pitney Bowes Inc. shares soared 9.4% in premarket trade Monday, after the provider of software to e-commerce, shipping and financial services companies said it is selling its software solutions business to data company Syncsort for $700 million in cash. Stamford, Conn.-based Pitney Bowes is expecting the deal to close before the end of the year. The deal comes after a review of the company's strategic options. The company will use most of the proceeds of the deal to pay down near-term debt maturities. The business will be recorded as discontinued operations starting in the third quarter. The company said it now expects full-year adjusted per-share earnings of 65 cents to 75 cents, below the current FactSet consensus of 90 cents, reflecting both the sale of the business and the impact of tariffs, which were not included in the company's original forecasts. Pitney Bowes shares have fallen 39% in 2019, while the S&P 500 has gained about 14%.
- Business Wire
Pitney Bowes Announces Sale of its Software Solutions Business to Syncsort for $700 million
Pitney Bowes Inc. (PBI), a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, data, and financial services, today announced that it has entered into a definitive agreement to sell its Software Solutions business to Syncsort for $700 million in cash. The transaction is expected to close before the end of the calendar year, pending regulatory approvals and other customary closing conditions. The sale of our Software Solutions business to Syncsort confirms that philosophy.
- TheStreet.com
[video]Pitney Bowes Rallies on Deal to Sell Software Business for $700 Million
Shares of business services company Pitney Bowes were rallying in premarket trading Monday after it announced the sale of one of its business units to Syncsort. The company said it will sell its software operation to Syncsort for $700 million in cash and expects the deal to close before the end of 2019. Most of the money will be used to pay down the company's short-term debt, Pitney Bowes said in a press release.
- GuruFocus.com
Strategic Value Investing: Estimates of Cash Flows
Use these tools to help figure out what to pay for stocks Continue reading...
- Simply Wall St.
Dividend Investors: Don't Be Too Quick To Buy Pitney Bowes Inc. (NYSE:PBI) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
- Simply Wall St.
Here’s why Pitney Bowes Inc.’s (NYSE:PBI) Returns On Capital Matters So Much
Today we'll look at Pitney Bowes Inc. (NYSE:PBI) and reflect on its potential as an investment. To be precise, we'll...
- Thomson Reuters StreetEvents
Edited Transcript of PBI earnings conference call or presentation 6-Aug-19 12:00pm GMT
Q2 2019 Pitney Bowes Inc Earnings Call
- Zacks
Pitney Bowes (PBI) Q2 Earnings Beat Estimates, Shares Up
Improvement in Presort business aids Pitney Bowes' (PBI) second-quarter results, amid declining equipment sales and negative impact of tariffs.
Motley FoolPitney Bowes Inc (PBI) Q2 2019 Earnings Call Transcript
PBI earnings call for the period ending August 6, 2019.
- Motley Fool
Why Pitney Bowes Stock Popped 15% Today
Earnings beat expectations, and a return to free cash flow growth seems on the horizon.
- Business Wire
Pitney Bowes Declares Common Stock Dividend
Pitney Bowes Inc. , a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, finance, and data, today announced that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.05 per share.
- Business Wire
Pitney Bowes Announces Second Quarter 2019 Financial Results
Pitney Bowes Inc. , a global technology company that provides commerce solutions in the areas of ecommerce, shipping, mailing, and data, today announced its financial results for the second quarter 2019.
