Latest news with #PitneyBowes
Yahoo
22-05-2025
- Business
- Yahoo
Why Pitney Bowes (PBI) Stock Is Up Today
Shares of shipping and mailing solutions provider Pitney Bowes (NYSE:PBI) jumped 9.9% in the afternoon session after the company appointed sitting director Kurt Wolf as its Chief Executive Officer. It also announced a $150 million share buyback program, given its strong cash flow outlook, and was exploring ways to raise its dividends. Management also provided some color on the strength of the balance sheet noting that the business was on track to achieve its 3.0x adjusted leverage ratio target by the end of the second quarter, a quarter sooner than previously announced and without needing to retire additional debt. As a reminder, a stock buyback reduces the number of outstanding shares, ensuring that more profits accrue to existing shareholders. Is now the time to buy Pitney Bowes? Access our full analysis report here, it's free. Pitney Bowes's shares are very volatile and have had 20 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. Pitney Bowes is up 37.6% since the beginning of the year, and at $9.94 per share, it is trading close to its 52-week high of $10.86 from February 2025. Investors who bought $1,000 worth of Pitney Bowes's shares 5 years ago would now be looking at an investment worth $4,246. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. 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
Bloomberg
21-05-2025
- Business
- Bloomberg
Activist Investor Who Won Pitney Bowes Proxy Battle Is About to Be CEO
The head of Hestia Capital Management is poised to become chief executive officer of Pitney Bowes Inc., about two years after the activist investor won board seats at the shipping services provider. Hestia Founding Member Kurt Wolf is expected to be named CEO of the Stamford, Connecticut-based company as soon as Wednesday, replacing Lance Rosenzweig, according to people familiar with the matter, who asked to not be identified because it isn't public yet. Wolf won a seat on the Pitney Bowes board in 2023 along with three other Hestia nominees.
Yahoo
13-05-2025
- Business
- Yahoo
Why Pitney Bowes (PBI) is a Top Dividend Stock for Your Portfolio
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Headquartered in Stamford, Pitney Bowes (PBI) is a Computer and Technology stock that has seen a price change of 28.18% so far this year. The mailing equipment and software company is paying out a dividend of $0.06 per share at the moment, with a dividend yield of 2.59% compared to the Office Automation and Equipment industry's yield of 2.52% and the S&P 500's yield of 1.59%. Taking a look at the company's dividend growth, its current annualized dividend of $0.24 is up 20% from last year. Pitney Bowes has increased its dividend 1 times on a year-over-year basis over the last 5 years for an average annual increase of 1.05%. Future dividend growth will depend on earnings growth as well as payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Right now, Pitney Bowes's payout ratio is 27%, which means it paid out 27% of its trailing 12-month EPS as dividend. PBI is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2025 is $1.25 per share, representing a year-over-year earnings growth rate of 52.44%. From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. However, not all companies offer a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that PBI is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Pitney Bowes Inc. (PBI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
08-05-2025
- Business
- Yahoo
Pitney Bowes (NYSE:PBI) Misses Q1 Sales Targets, But Stock Soars 5.9%
Shipping and mailing solutions provider Pitney Bowes (NYSE:PBI) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 40.6% year on year to $493.4 million. On the other hand, the company's outlook for the full year was close to analysts' estimates with revenue guided to $1.98 billion at the midpoint. Its non-GAAP profit of $0.33 per share was 22.2% above analysts' consensus estimates. Is now the time to buy Pitney Bowes? Find out in our full research report. Pitney Bowes (PBI) Q1 CY2025 Highlights: Revenue: $493.4 million vs analyst estimates of $497.9 million (40.6% year-on-year decline, 0.9% miss) Adjusted EPS: $0.33 vs analyst estimates of $0.27 (22.2% beat) Adjusted EPS guidance for the full year is $1.20 at the midpoint, roughly in line with what analysts were expecting Operating Margin: 20.9%, up from 5% in the same quarter last year Free Cash Flow was -$20.46 million compared to -$32.48 million in the same quarter last year Market Capitalization: $1.64 billion Company Overview With a century-long history dating back to 1920 and processing over 15 billion pieces of mail annually, Pitney Bowes (NYSE:PBI) provides shipping, mailing technology, logistics, and financial services to businesses of all sizes. Sales Growth Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Pitney Bowes struggled to consistently generate demand over the last five years as its sales dropped at a 9% annual rate. This was below our standards and is a sign of lacking business quality. Pitney Bowes Quarterly Revenue Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. Pitney Bowes's recent performance shows its demand remained suppressed as its revenue has declined by 23.4% annually over the last two years. Pitney Bowes Year-On-Year Revenue Growth This quarter, Pitney Bowes missed Wall Street's estimates and reported a rather uninspiring 40.6% year-on-year revenue decline, generating $493.4 million of revenue. We also like to judge companies based on their projected revenue growth, but not enough Wall Street analysts cover the company for it to have reliable consensus estimates. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Forbes
07-05-2025
- Business
- Forbes
Morality Versus Legality In Stakeholder Relations
Venkat Rao: VP and Country Head—Asia-Pac & Japan at Pitney Bowes | Stanford Seed Consultant. getty The emerging landscape of business is witnessing an increasing interplay between morality and legality, particularly within the complex context of community relationships. While legality provides the framework and guidelines, morality serves as the conscience that guides decisions beyond mere compliance. In today's hyper-connected and socially conscious world, successful businesses are the ones that acknowledge the distinction between doing things right (legality) and doing the right thing (morality). The Morality-Legality Divide In Business Legality refers to adherence to laws and regulations. These rules in black and white are defined by the government to ensure order and fair play. However, laws often lag societal expectations and ethical norms. Morality as a whole is shaped by culture, values and ethics, and it encompasses a broader and more nuanced perspective on right and wrong. Consider, for instance, the case of a multinational company that may be legally correct when it displaces a rural community to build world-class infrastructure. As legally apt as it might be, the morality can be questionable if it ignores the impact on the livelihoods, heritage and dignity of the people affected. Erosion of trust can occur due to this divide in legality versus morality, which can spark a backlash and damage the brand and the company's reputation. This can occur even if no law is broken. Why Morality Matters In Community Relationships The community is more than just a geographical area; it's an ecosystem of people, culture, values, aspirations and diverse ingredients. In short, it is a living ecosystem of people and culture. Businesses embedded in communities hold immense power to influence social, economic and environmental outcomes. I don't think the debate is essentially about whether businesses should be accountable to communities, but in what ways they can act as catalysts to uphold their moral responsibilities when laws remain silent. Morally guided behavior in community and business relationships can prove to be precursors for sustainable outcomes, including: • Trust And Loyalty: Businesses with empathy, fairness and responsibility are often more embraced by communities. • Social License To Operate: Businesses can thrive in the long term because of the approval of the local population and communities • Crisis Resilience: Strong community bonds are often the reason for companies to withstand crises of any nature: reputational, environments or political. How Stakeholders Can Create Impact Collaboration is essential to bridging the gap between legality and morality, but it can only succeed when all stakeholders—corporations, communities, governments, civil society, and individuals—are involved. Here's how each group can contribute: 1. Corporate Leadership The core strategies of leaders must embed ethical considerations. This involves: • Building charters for community engagement that goes beyond legal obligations. • Practicing transparent communication and inclusive decision-making. • Employing ethics committees to vet important decisions remain the key 2. Employees Ethical ambassadors often come from employees themselves, and a blend of advocacy and loyalty can prove to create a positive impact too. I find that a knowledge management system is critical to empowering them to recognize and act on moral issues. Make sure to create safe spaces for whistleblowing and feedback, overall ensuring that morality is part of the organizational culture. 3. Investors And Shareholders Create metrics to define how ethical practices and environmental, social and governance (ESG) metrics should be blended with community practices. Investors should push companies to move beyond profit for profit's sake and instead pursue what I think of as purposeful, responsible profitability. 4. Governments And Policymakers Consulting with communities and businesses is essential to ensure laws reflect shared moral values. Offering incentives for ethical business practices, such as tax benefits or public recognition, can help establish new norms. 5. Communities Themselves Participatory governance is the key to the enforcement of laws, and communities play a vital role here. Regulatory community audits and feedback mechanisms can make businesses more accountable and attuned to local values. Conclusion While laws set the floor, morality sets the ceiling. Sustaining strong relationships in business and communities requires embedding morality—not just relying on legality. Once laws are shaped through collective consensus, upholding them becomes a shared moral responsibility. A mindset shift from compliance to conscience should be adopted when complying with laws. Overall, I find that businesses and communities thrive when they are governed by the heart rather than merely by rules. A moral compass is no longer a luxury; it's a necessity. And when stakeholders come together with a shared commitment to ethical impact, they don't just build businesses—they build legacies. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
