Pitney Bowes Inc. Stock News

STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI), a global shipping and mailing company, today announced the launch of ShipAccel, a digital platform designed to simplify and enhance shipping operations with advanced ecommerce technology. This launch reinforces Pitney Bowes' offerings in the ecommerce market, now aimed at equipping shippers with technology that addresses their evolving...

Pitney Bowes' new activist board and management are creating a special situation in the stock. Margin improvements are anticipated as Pitney Bowes exits its unprofitable Global Ecommerce segment and continues cost-saving measures in SendTech Solutions and Presort Services. There is a sharp earnings upgrade in the stock after a long time. Coupled with a large 1-yr fwd PE discount vs comparables,...

Despite initial setbacks, Pitney Bowes shares have rallied 147% since November 2022, with 19% total return since January 2022, bolstered by dividends. The company's financials have improved significantly, with a 40% reduction in long-term debt and an 81% lower net loss year-over-year. Pitney Bowes is trading at a relative discount, with the market paying ~$0.37 for $1 of sales, indicating under...

Pitney Bowes Presort and SendTech segments are growing EBIT and misunderstood by the market. Post-GEC, Pitney Bowes should earn at least $1.27 per share by 2025 and should currently be valued over $12.50 based on a 10x P/E multiple. Recent USPS changes will strengthen Presort and SendTech which is contrary to the belief of many market participants.

Pitney Bowes has sold a controlling interest in most of its Global Ecommerce (GEC) segment operating in the United States to Hilco Global affiliate Hilco Commercial Industrial, which will wind down that business. This move will eliminate nearly all the losses associated with GEC, which amounted to $136 million in 2023, Pitney Bowes said in a Thursday (Aug.

Pitney Bowes Inc. (NYSE:PBI ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Alex Brown - Director, Investor Relations. Lance Rosenzweig - Interim CEO & Director John Witek - Interim Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Matthew Swope - Robert W.

Pitney Bowes has a deal to liquidate its global e-commerce unit, which has been a drain on operations. Management is making good on its pledge to clean up operations, an encouraging sign for investors.

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