Latest news with #PBI
Hindustan Times
2 hours ago
- Hindustan Times
Mohali police recover 10gm heroin, detain five in search ops
Police on Monday recovered 10 grams of heroin, rounded up five persons and impounded four motorcycles during a large-scale cordon and search operation (CASO) at Bangala Basti under the jurisdiction of Kharar city police station. Police seize a bike during the cordon and search operation at Bangala Basti in Kharar on Monday. (HT) Senior superintendent of police (SSP) Harmandeep Singh Hans said the operation was part of the statewide campaign 'Yudh Nashian Virudh' to disrupt drug supply chains and deliver a clear warning to peddlers. The operation targeted drug hotspots and crime-prone areas and was led by over 100 police personnel, the SSP said. Police cordoned off key stretches, set up multiple checkpoints and conducted surprise checks to flush out drug traffickers and anti-social elements. 'Our aim is to send a strong and clear message that drug peddlers and anti-social elements will not be spared. Such operations are being conducted regularly to ensure youth stay safe from drug menace. We will intensify surprise checks and continue taking strict action against traffickers and gangsters,' the SSP said. A case has been registered at Kharar city police station under Sections 27, 29, 61 and 85 of the NDPS Act. Senior officers, including SP (H) Ramandeep Singh, SP (PBI) Deepika Singh and DSP Kharar-1 Karan Singh Sandhu, were also part of the exercise.
Yahoo
06-08-2025
- Business
- Yahoo
Why Pitney Bowes (PBI) Shares Are Trading Lower Today
What Happened? Shares of shipping and mailing solutions provider Pitney Bowes (NYSE:PBI) fell 3.4% in the after-market session after the company announced it would offer $200 million in convertible senior notes. This type of debt could be converted into company stock, a prospect that worried investors about potential dilution. Dilution is a process where issuing new shares reduced the ownership percentage of existing shareholders. The company priced the five-year notes with an initial conversion price of approximately $14.25 per share. This figure represented a 27.5% premium to the stock's recent closing price. Pitney Bowes planned to use the proceeds for general corporate purposes and to repurchase some of its own shares, which aimed to offset some of the dilution. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Pitney Bowes? Access our full analysis report here, it's free. What Is The Market Telling Us Pitney Bowes's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock dropped 3.6% on the news that a surprisingly weak U.S. jobs report was released, fueling concerns about a slowing economy. The U.S. economy added only 73,000 jobs, falling significantly short of economists' expectations, while figures for May and June were revised down, erasing 258,000 previously reported jobs. The professional and business services industry itself shed 14,000 jobs. This data points to a cooling labor market, fueling concerns of a slowing economy. A weaker economic outlook often leads to reduced corporate spending on key services like IT consulting and professional staffing, which directly impacts the sector's revenue and growth prospects. The report immediately increased investor expectations of an interest rate cut by the Federal Reserve. Pitney Bowes is up 58.1% since the beginning of the year, but at $11.42 per share, it is still trading 10.8% below its 52-week high of $12.79 from July 2025. Investors who bought $1,000 worth of Pitney Bowes's shares 5 years ago would now be looking at an investment worth $2,035. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
31-07-2025
- Business
- Yahoo
Pitney Bowes Inc (PBI) Q2 2025 Earnings Call Highlights: Strategic Moves and Financial ...
Share Repurchase Authorization: Increased to $400 million. Dividend Increase: $0.01 increase for the third consecutive quarter. Free Cash Flow Guidance: Reiterated for the full year. Revenue Guidance: Reduced by $50 million. EBIT Margin Guidance: Tightened by reducing the high end of the range. EPS Guidance: Increased by $0.10. Adjusted Leverage Ratio: Now below 3x. Warning! GuruFocus has detected 4 Warning Sign with PBI. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Pitney Bowes Inc (NYSE:PBI) reported significant earnings and cash flow growth on a year-over-year basis. The company nearly exhausted its $150 million share repurchase authorization and increased its dividend for the third consecutive quarter. The Board increased the share repurchase authorization to $400 million, reflecting confidence in the company's financial position. The company has a strong free cash flow and liquidity position, with an adjusted leverage ratio now below 3x. The SaaS business within SendTech showed strong performance, with a 17% year-over-year growth for the quarter. Negative Points Pitney Bowes Inc (NYSE:PBI) reduced its revenue guidance range by $50 million due to customer losses in the Presort business. The company tightened its EBIT margin range by bringing down the high end of the range. The reduction in revenue guidance was attributed to previous management decisions not to offer price concessions to at-risk Presort customers. The Presort business has not yet reversed customer losses, impacting revenue and EBIT guidance. The overall shipping revenue was down 2.5% year-over-year for the quarter due to declines in the non-core part of the business. Q & A Highlights Q: With the new share repurchase authorization, do you intend to continue buybacks in 2025, or will you wait to see how the business performs? A: Kurt Wolf, CEO: We can't comment on future market activities, but our historical share purchases reflect where we see value in the company. Our incentive structure, with options at strike prices of $12, $14, and $16, indicates our valuation perspective. With our leverage ratio below 3.0, we have increased access to restricted payments, providing flexibility for future buybacks. Q: Does the appointment of a new CFO change the timing of the strategic review? A: Kurt Wolf, CEO: The new CFO, Paul Evans, accelerates rather than delays the review. We are conducting a thorough internal review, identifying numerous opportunities for shareholder value creation. The internal review will likely continue through 2025, with a more comprehensive review starting in 2026. Q: How is the shipping subsegment within SendTech performing, and what is the outlook for the rest of the year? A: Kurt Wolf, CEO: The overall shipping revenue was down 2.5% year-over-year due to declines in non-core business. However, core shipping grew by 6%. The SaaS business within shipping grew by 17% year-over-year, and we expect it to continue outpacing core shipping revenue. Q: Are there any structural weaknesses in the Presort business following recent customer losses? A: Kurt Wolf, CEO: The reduction in revenue guidance is largely due to competitive losses in Presort, which were avoidable. We believe Presort and SendTech are strong businesses with high profitability and competitive capabilities. We are working to regain lost customers and capture new ones, leveraging our position as a low-cost provider. Q: How do you view the potential for refinancing bonds, given the current high-yield market conditions? A: Paul Evans, CFO: We are considering refinancing options, balancing our debt's average life and coupon rates. We have the liquidity to pay off the 2027 notes, but we will evaluate the best timing and approach based on market conditions and our strategic needs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
Pitney Bowes (PBI) Soars 9.9% on Higher Postal Service Fee
We recently published . Pitney Bowes Inc. (NYSE:PBI) is one of Monday's top performers. Pitney Bowes Inc. (NYSE:PBI) jumped by 9.9 percent on Monday to close at $12.10 apiece as investors took path from the increase in prices of shipping services that began on Sunday, July 13. This followed the Postal Service's notification to the Postal Regulatory Commission (PRC) in May this year that raised domestic shipping services by approximately 6.3 percent for Priority Mail service, 7.1 percent for USPS Ground Advantage, and 7.6 percent for Parcel Select. Prices have not changed for Priority Mail Express service. A busy logistics center filled with trucks and planes, showing the scale of the companies operations. According to USPS, the proposed changes will support the Postal Service in creating a revitalized organization capable of providing a nationwide, integrated network for the delivery of mail and packages at least six days a week, in a cost-effective and financially sustainable manner over the long term, just as the U.S. Congress has intended. Pitney Bowes Inc. (NYSE:PBI), a US-based global shipping and mailing company, is expected to benefit from higher prices for its services. While we acknowledge the potential of PBI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Indian Express
13-07-2025
- Indian Express
Bike-borne men abduct woman, assault male friend and flee with their car in Mohali
The Mohali police on Sunday announced the arrests of two security guards and two others who allegedly abducted a woman and her male friend and fled in the victims' car. As per the woman's police complaint, when she was returning from Best Tech Mall in Mohali after watching a movie with her friend on the night of July 11–12, four bike-borne men, dressed in Nihangs' attire, intercepted their car near the Lakhnour turn. The accused allegedly abducted both of them but abandoned the man 100 m away after assaulting him. They allegedly sped away with the woman, molested her, and pushed her out of the car 30 minutes later, before escaping towards Ambala. According to Senior Superintendent of Police Harmandeep Singh Hans said the stolen vehicle was recovered from the arrested men, identified as Shamsher Singh, who hails from Kalanaur in Gurdaspur; Satnam Singh, a cab driver from Ludhiana; Nirmal Singh, a security guard from Nawanshahr; and Chander Mohan alias Jaildar, a security guard from Jammu. The police arrested the accused from Chanarthal village after they received a confidential tip-off and deployed multiple teams to nab the four men. They traced the stolen vehicle after analysing CCTV footage. SSP Hans stated, 'These accused may be involved in other criminal cases as well. Interrogation is underway, and more revelations are expected.' All four men stayed at a paying guest facility behind Gurdwara Singh Shaheedan at Sohana in Mohali, according to the police. The operation was led by SP (Operations) Talwinder Singh, SP (PBI) Deepika Singh, DSP (City-2) Harsimran Singh Bal, and DSP (Economic Offences) Rajesh, under whom Inspector Amandeep Singh (SHO, Sohana), Inspector Gabbar Singh, and Inspector Gagandeep carried out the investigation.
