Previous Close | 3.7700 |
Open | 3.8100 |
Bid | 3.6000 x 4000 |
Ask | 4.3000 x 2200 |
Day's Range | 3.8000 - 3.8900 |
52 Week Range | 2.3000 - 5.7200 |
Volume | |
Avg. Volume | 1,373,922 |
Market Cap | 703.685M |
Beta (5Y Monthly) | 2.22 |
PE Ratio (TTM) | 18.52 |
EPS (TTM) | 0.2100 |
Earnings Date | Apr 26, 2023 - May 01, 2023 |
Forward Dividend & Yield | 0.20 (5.31%) |
Ex-Dividend Date | Feb 16, 2023 |
1y Target Est | 5.33 |
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Four large investors in Pitney Bowes told Reuters they will vote for Hestia Capital's director candidates as the activist fund campaigns to oust the shipping and mailing company's long-time chief executive and overhaul its business strategy. Hestia, which owns an 8.4% stake in Pitney Bowes, has nominated five director candidates including its chief investment officer Kurt Wolf.
Four large investors in Pitney Bowes told Reuters they will vote for Hestia Capital's director candidates as the activist fund campaigns to oust the shipping and mailing company's long-time chief executive and overhaul its business strategy. Hestia, which owns an 8.4 pct stake in Pitney Bowes, has nominated five director candidates including its chief investment officer Kurt Wolf. Park Circle Investors, Anqua Management, DOMO Capital Management and the family office of former Third Point executive Bradley Radoff said they will back Hestia's nominees, signaling growing frustration with the way the company has been managed.
STAMFORD, Conn., March 28, 2023--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics and financial services, today released the US data for 2022 from its latest Pitney Bowes Parcel Shipping Index. Coming off two-years of pandemic-fueled growth, parcel volumes decreased 2% in 2022, but remain on a trajectory that far outpaces predictions made prior to the pandemic. The US shipped, received and returned 21.2 billion parcels in 2022, 1.1 billion